Hexagon Composites - M&A Activity 2022

Hexagon Purus receives withdrawal of nomination from commercial truck OEM for supply of battery packs for zero emission heavy-duty vehicles

Reference is made to the stock exchange announcement made on 31 January 2022

regarding Hexagon Purus' ("the Company") nomination by a commercial truck OEM to

provide battery packs for serial production of battery electric heavy-duty

vehicles.

The Company has received notice of withdrawal of the non-binding nomination from

the OEM. The withdrawal is due to reasons unrelated to Hexagon Purus product

performance and technological capabilities.

While Hexagon Purus regrets the withdrawal of the nomination, this enables the

pursuit of other opportunities in the rapidly expanding zero emission heavy-duty

vehicle space.

Mathias Meidell, Investor Relations Director, Hexagon Purus

Telephone: +47 909 82 242 | [email protected]

Karen Romer, SVP Communications, Hexagon Composites

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

About Hexagon Purus

Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for

a cleaner energy future. Hexagon Purus is a world leading provider of Hydrogen

Type 4 high-pressure cylinders, complete vehicle systems and battery packs for

fuel cell electric and battery electric vehicles (FCEV and BEV) including hybrid

mobility applications on light, medium and heavy-duty vehicles, transit buses,

ground storage, distribution, marine, rail, and aerospace applications.

Learn more at www.hexagonpurus.com (http://www.hexagonpurus.com) and follow

@HexagonPurus on Twitter and LinkedIn.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Ingrid Aarsnes, VP IR & ESG,

Hexagon Composites ASA on 25 May at 01:45 CEST

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