Hexagon Composites - M&A Activity 2021

New ownership structure for Hyon

Reference is made to the release from Saga Pure ASA (SAGA), published on 29 June

2021, regarding the acquisition of Hyon and partnering with Nel and Norwegian

Hydrogen.

"Hexagon Purus (HPUR) is pleased to see the re-purposed focus for Hyon AS and

congratulates Saga Pure ASA on the transaction. The new partnership structure

will secure development and supply of a crucial part of the maritime hydrogen

value chain with bunkering solutions," says Morten Holum, CEO Hexagon Purus.

"As announced on 28 June 2021, Hexagon Purus ASA will escalate its efforts in

the maritime sector with its new business area, Hexagon Purus Maritime. At the

same time, as a significant shareholder in Norwegian Hydrogen, we remain

invested in the consortium and look forward to continuing collaborative efforts

with Hyon and partners," concluded Holum.

For more information, please contact:

Salman Alam, VP Corporate Development, Hexagon Purus

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

Karen Romer, SVP Communications, Hexagon Composites ASA

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

About Hexagon Purus ASA

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 applications.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on Twitter and

LinkedIn.

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