Hexagon Composites

Hexagon Composites ASA: Mandatory notification of trade - provisional award of PSUs

23 June 2023: The Board of Directors of Hexagon Composites ASA ("Hexagon

Composites" or the "Company") has resolved to provisionally award up to 73,106

Performance Share Units ("PSUs") to a primary insider. The PSU allocation is in

accordance with the Board of Director's compensation policy for the executive

management. This policy is described in the Company's Guidelines for

remuneration of executive management as approved at the Annual General Meeting

on 28 April 2021.

The PSUs are non-transferable and will vest on 31 March 2026 subject to

satisfaction of the applicable vesting conditions. The actual number of PSUs to

be allocated will depend on 2025 financial performance in addition to the

development of market cap of the Company from award up to vesting. The number of

PSUs will attain minimum zero and maximum 73,106. Each vested PSU will give the

holder the right to receive one share in the Company at an exercise price

corresponding to the par value of the shares being NOK 0.10. The total number of

outstanding PSUs are now provisionally 6,129,326.

Further details of the primary insider's transactions pursuant to the market

abuse regulation article 19 are attached.

For more information:

Ingrid Aarsnes, VP Investor Relations and ESG, Hexagon Composites ASA Telephone:

About Hexagon Composites ASA

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our

solutions enable storage, transportation, and conversion to clean energy in a

wide range of mobility, industrial and consumer applications. Learn more at

www.hexagongroup.com (http://www.hexagongroup.com) (http://www.hexagongroup.com)

and follow @HexagonASA on Twitter and LinkedIn.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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