Hexagon Composites — M&A Activity 2014

May 6, 2014

Hexagon Lincoln announces joint venture agreement with Agility Fuel Systems

Hexagon Lincoln announces joint venture agreement with Agility Fuel Systems

Hexagon Composites' wholly-owned subsidiary Hexagon Lincoln, Inc has entered

into an agreement with Agility Fuel Systems to establish a 50/50 joint venture

to supply CNG high-pressure cylinders for fuel systems to support the growing

heavy duty natural gas truck market in North America.

"This joint venture will enable Agility and us to integrate and optimize our

value chains and be of even better service to the end customers. We are very

pleased to have reached this agreement, which will further strengthen our

position as the global market leader in Type 4 cylinders for Compressed Natural

Gas (CNG)", says Jon Erik Engeset, President and CEO of Hexagon Composites ASA.

Please see the enclosed Press Release for further information.

For further information:

Jon Erik Engeset, CEO, Hexagon Composites ASA

Telephone: +47 916 30 550 | jon.erik.engeset@hexagon.no

David Bandele, CFO, Hexagon Composites ASA

Telephone: +47 920 91 483 | david.bandele@hexagon.no

Solveig D Saether, Communication Manager, Hexagon Composites ASA

Telephone: +47 906 34 977 | solveig.saether@hexagon.no

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1783083]