Hexagon Composites — M&A Activity 2016

Oct 3, 2016

Hexagon Composites ASA: Closing of the Agility Fuel Solutions transaction

Hexagon Composites ASA: Closing of the Agility Fuel Solutions transaction

Reference is made to stock exchange release dated 14 June 2016 related to the

announced merger of Agility Fuel Systems and Hexagon Composites to create

Agility Fuel Solutions. The closing of the transaction was completed on 3

October.

The new entity Agility Fuel Solutions is owned equally by Hexagon Composites and

Agility's current investors and will continue to transform the global medium-

and heavy-duty vehicle industry with clean fuel technologies. As of fourth

quarter 2016 the entity will be reported under the equity method in the Group's

financial statements.

For more information:

David Bandele, CFO, Hexagon Composites ASA

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

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.