Hexagon Composites - Major Shareholding Notification 2014

HEXAGON COMPOSITES ASA - MANDATORY NOTIFICATION OF TRADE

On 18 September 2014, the shareholders meeting of

Flakk Holding AS, holding 39,115,988 shares in

Hexagon Composites ASA, resolved a demerger. Pursuant

to, and subject to completion of the demerger, Flakk

Holding AS' shares in Hexagon Composites ASA will be

demerged into Flakk Holding I AS. 98.7% of the shares

of Flakk Holding AS are owned by Knut Flakk. Flakk

Holding I AS is wholly owned by Flakk Gruppen AS,

which is owned 98.7% by Knut Flakk. After, and

subject to, completion of the demerger, Knut Flakk

and close associates, including Flakk Holding I AS

and Nødingen AS, will own 45,729,038 of the shares of

Hexagon Composites ASA, equal to approximately 34.31%

of the shares of Hexagon Composites ASA, and also

hold a forward contract over 6 million shares of

Hexagon Composites ASA as announced on 5 September

2014. Oslo Børs has, as the competent authority,

pursuant to section 6-2 (3) of the Norwegian

Securities Trading Act, granted an exemption from

mandatory offer obligations in respect of the

demerger. The demerger is expected to take place at

the end of Q4 2014.

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