Hexagon Composites — Director's Dealing 2021

Feb 18, 2021

Mandatory Notification of Trade - Options

Mandatory Notification of Trade - Options

Reference is made to the announcement on 22 May 2018, in which Hexagon

Composites ASA (the "Company") announced the grant of 1,200,000 share options to

employees under its employee share option program, each at a strike price of NOK

20.85 per share. Following the distribution of 15% of the shares in Hexagon

Purus AS as dividend in kind on 14 December 2020, the strike price has been

adjusted by NOK 4.095 to "make whole" the 2018 options holders. The adjusted

strike price is NOK 16.80 per share.

Of the 1,200,000 options, 800,000 options were granted to senior executives and

managers listed as primary insiders.

The options may be exercised in part or in full within three weeks following the

official announcement of the financial results for the fourth quarter of 2020,

first quarter of 2021 and second quarter of 2021.The Company has offered to

settle the economic value of the options by delivery of shares held in treasury.

The table below shows the movements of the primary insider accounts. The Company

has additionally transferred 58 640 shares to non-primary insiders. After the

transaction, the Company holds 1,724,832 shares in treasury.

+-----------+------------+----------+----------+----------+----------+---------+

| | | |Shares | | | |

| | | |held | | | |

| | | |before | | | |

| | |Shares |shares | | | |

| | |received |received |Shares |Numbers of| |

| | |upon |upon |held after|options | |

|Primary |Options |exercise |exercise |exercise |held after|Number of|

|insider |exercised |of options|of options|of options|exercise |PSUs held|

+-----------+------------+----------+----------+----------+----------+---------+

|Skjalg | | | | | | |

|Sylte | | | | | | |

|Stavheim |80,000 |68,251 |104,155 |172,406 |0 |121,080 |

+-----------+------------+----------+----------+----------+----------+---------+

To settle their tax obligation resulting from the option exercise, the following

individuals have sold some of their shares:

+---------------------+-------------------+----------------+-------------------+

| |Number of shares |Share price sold|Total shares held |

|Primary insider |sold | |after the sale |

+---------------------+-------------------+----------------+-------------------+

| | |  | |

|Skjalg Sylte Stavheim|36,000 |58,53 |136,406 |

+---------------------+-------------------+----------------+-------------------+

For more information:

Hiva Ghiri, VP Investor Relations, Hexagon Composites

Telephone: +47 958 66 790 | hiva.ghiri@hexagongroup.com

About Hexagon Composites

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our

solutions enable storage, transportation and conversion to clean energy in a

wide range of mobility, industrial and consumer applications.