Hexagon Composites — Director's Dealing 2016

Nov 11, 2016

Hexagon Composites ASA - Secondary placement of shares completed

Hexagon Composites ASA - Secondary placement of shares completed

Changed category to Disclosure of Large Shareholding *

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR

INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES, CANADA OR JAPAN,

OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR

RELEASE WOULD BE UNLAWFUL

Hexagon Composites ASA - Secondary placement of shares

completed

Reference is made to the announcement on 10 November

2016, where Flakk Investment AS ("Flakk Investment"),

represented by Knut Trygve Flakk, Chairman of the

Board of Directors of Hexagon Composites ASA

(the "Company" or "Hexagon Composites", OSE-

ticker "HEX") and Skjalg Sylte Stavheim, Managing

Director of Hexagon Ragasco, announced a potential

sale of 5.50 million shares in Hexagon Composites.

Flakk Investment and Skjalg Sylte Stavheim have agreed

to sell 5,500,000 shares in Hexagon Composites,

representing 3.30% of the share capital and voting

rights in the Company, at a price of NOK 27 per share

(the "Placement"). Of the 5,500,000 shares sold in

Hexagon Composites, Flakk Investment has agreed to

sell 5,380,000 shares, representing 3.23% of the share

capital and voting rights in Hexagon Composites,

whereas Skjalg Sylte Stavheim has agreed to sell

120,000 shares, representing 0.07% of the share

capital and voting rights in Hexagon Composites.

Following the completion of the secondary placement,

Flakk Investment, closely related persons and

affiliated companies will hold 30,715,717 shares,

corresponding to 18.43% of the Company, while Skjalg

Sylte Stavheim will hold 24,715 shares, corresponding

to 0.01% of the Company.

Flakk Investment, Knut Trygve Flakk, Skjalg Sylte

Stavheim and companies controlled by any of these have

undertaken not to dispose of any additional shares in

the Company within 180 days following completion of

the placement without the prior written consent of DNB

Markets.

The trade date for the Placement is 11 November 2016,

with settlement expected to occur on 15 November 2016.

DNB Markets acted as Bookrunner in connection with the

Placement.

DNB Markets acted as Bookrunner in connection with the

Placement.