Hexagon Composites — Remuneration Information 2020

Jul 29, 2020

Hexagon Composites ASA: Mandatory notification of trade - Restricted Stock Unit Program new awards

Hexagon Composites ASA: Mandatory notification of trade - Restricted Stock Unit Program new awards

The Board of Directors of Hexagon Composites ASA ("Hexagon Composites" or the

"Company") has decided to provisionally award up to 70 000 Restricted Share

Units ("RSUs") under a Long-Term Incentive Program (LTIP) to align the interests

of the participating employees with those of the Company's shareholders.

The RSU allocation is in accordance with the Board of Director's compensation

policy for the senior executive management. This policy is described in

"Declaration to the Annual General Meeting of Hexagon Composites ASA concerning

determination of Salary and other remuneration to the CEO and other Management",

which were approved at the Annual General Meeting on 22 April 2020 (the "AGM").

The RSUs are non-transferable and will vest on 28 July 2023 given that the

participants are still rendering services to the company throughout the period

from Grant date to Vesting date.

Each vested RSU 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 options, RSUs and PSUs are now

1 200 000, 219 994 and 4 582 675, respectively.

Of the maximum 70 000 awarded RSUs, 7 000 RSUs has provisionally been awarded to

primary insiders as listed below:

+----------------+----------------+--------------+--------------+--------------+

|Primary insider:|Title | | Holding | |

| | |Number of RSUs| Options |Holding Shares|

+----------------+----------------+--------------+--------------+--------------+

|Salman Alam |Director of | | | |

| |Finance | 7 000|  |  |

+----------------+----------------+--------------+--------------+--------------+

For more information:

David Bandele, CFO, Hexagon Composites ASA

Telephone: +47 920 91 483 | david.bandele@hexagongroup.com

Karen Romer, SVP Communications, Hexagon Composites ASA

Telephone: +47 950 74 950 | karen.romer@hexagongroup.com

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, including light-,

medium- and heavy-duty vehicles, ground storage, distribution, marine, rail and

backup power solutions.

Learn more at 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