Hexagon Composites - Remuneration Information 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon

Composites ASA (the "Company") announced the grant of 1,640,000 share options to

employees under its employee share option program, each at a strike price of NOK

27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior

executives and managers listed as primary insiders.

The options may be exercised in part or in full within three weeks following the

official announcement of the financial results for the fourth quarter of 2019,

first quarter of 2020 and second quarter of 2020.

Pursuant to the grant, an entitled employee in said share option program has

exercised a total number of 20,000 of said options. The Company has resolved to

settle the economic value of the exercised options through transfer of shares

held in treasury and has therefore initiated the transfer of 9,200 treasury

shares to the employee as settlement of the exercised options. After the

transaction, the Company will hold 1,871,346 treasury shares.

For more information:

David Bandele, CFO, Hexagon Composites

Telephone: +47 920 91 483 |[email protected]

About Hexagon Composites

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.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

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