Hexagon Composites - M&A Activity 2021

Hexagon Purus ASA: Successful completion of the acquisition of Wystrach and issuance of consideration shares

Reference is made to the stock exchange announcement by Hexagon Purus ASA

("Hexagon Purus" or the "Company") on 30 September 2021, regarding Hexagon

Purus' entry into of a share purchase agreement to acquire 100% of Wystrach GmbH

("Wystrach"), a leading European systems and solutions provider for storage and

transport of compressed gases (the "Transaction").

Hexagon Purus is pleased to announce that the Transaction has been successfully

completed. Consequently, the board of directors of the Company has, pursuant to

the authorization granted by the Company's shareholder meeting on 3 November

2020, issued 4,444,430 new shares of Hexagon Purus (the "Consideration Shares")

at a subscription price of NOK 33.4343 per share, to the seller as part

consideration for the shares of Wystrach.

Following registration of the share capital increase pertaining to the

Consideration Shares in the Norwegian Register of Business Enterprises, the

Company will have 233 536 669 shares in issue, each of par value NOK 0.10.

Contacts:

Salman Alam, Vice President Corporate Development, Hexagon Purus

Telephone: +47 476 12 713 | [email protected]

Karen Romer, SVP Communications, Hexagon Composites

Telephone: +47 950 74 950 | [email protected]

About Hexagon Purus:

Hexagon Purus, a Hexagon Composites company, is a world leading provider of

hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems

integration for fuel cell electric and battery electric vehicles. Hexagon Purus

enables zero emission solutions for light, medium and heavy-duty vehicles,

buses, ground storage, distribution, maritime, rail and aerospace. Learn more at

www.hexagonpurus.com

About Wystrach:

Founded in 1988 in Weeze, Germany, Wystrach is a full-service provider of high-

pressure storage and transportation solutions for hydrogen and other gases. Its

portfolio includes stationary bundles; containers of all sizes; tank systems for

trains, buses, and trucks; and storage solutions, e.g. for power-to-gas

applications. The company also offers a mobile hydrogen refueling station, the

WyRefueler, in its range of products. In addition to in-house design and

production capabilities, Wystrach offers end-to-end service packages for

assembly, commissioning, and maintenance, and also provides support on approval

matters. Wystrach is based in the Lower Rhine region of Germany and

employs around 185 people

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