Hexagon Composites — Regulatory Filings 2016

Nov 10, 2016

Hexagon Ragasco enters strategic partnership with Lipigas in Chile

Hexagon Ragasco enters strategic partnership with Lipigas in Chile

Hexagon Composites' subsidiary Hexagon Ragasco enters the Chilean market through

Empresas Lipigas S.A.

Lipigas, one of the leading providers of LPG in Chile for the residential,

industrial and leisure sectors, yesterday launched the Hexagon Ragasco cylinder

in the Santiago metropolitan area.

Chile is a well-established LPG market, with strong focus on secure handling and

safety. Bottled LPG is the primary energy source for Chilean homes.

"We are proud to bring to Chile the greatest innovation in the LPG market, in

the last 40 years. We are delivering to our clients a technology that is used in

other countries", says Angel Mafucci, General Manager at Lipigas.

"Lipigas is one of the leading LPG marketers in South America, active in Chile,

Peru and Colombia. Following the launch of our cylinder in Uruguay earlier this

year, the partnership with Lipigas represents a new milestone in our growth

strategy for South America," says Skjalg S. Stavheim, Managing Director of

Hexagon Ragasco.

https://www.lipigas.cl/nuevolipigasplus/

For more information:

Skjalg S. Stavheim, Managing Director, Hexagon Ragasco AS

Phone: +47 977 95 565 | skjalg.stavheim@hexagonragasco.com

Investor Relations:

David Bandele, CFO, Hexagon Composites ASA

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

Media:

Solveig D Saether, Communication Manager, Hexagon Composites ASA

Phone: +47 906 34 977 | solveig.saether@hexagon.no

About Hexagon Composites Group

Hexagon Ragasco is the world's leading manufacturer of composite LPG cylinders

with more than 11 million units in commercial use. The high-volume, highly

automated production facility in Raufoss, Norway, is the most advanced of its

kind world-wide. Hexagon Ragasco's products are unique and provide many

advantages over traditional steel cylinders in terms of safety and user-

friendliness.

Hexagon Ragasco is a wholly-owned subsidiary of Hexagon Composites ASA, a

leading global supplier of composite pressure cylinders and systems for gas

applications. Hexagon Composites ASA is a publicly listed company with its

headquarters in Aalesund, Norway.

Follow us on Twitter: @HexagonASA

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.