Hexagon Composites — Remuneration Information 2020

Feb 17, 2020

Mandatory Notification of Trade - Options

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.

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

| | | |Shares | | | |

| | | |held | | | |

| | | |before | | | |

| | |Shares |shares | | | |

| | |received |received |Shares |Numbers of| |

| | |upon |upon |held after|options |Number |

|Primary |Options |exercise |exercise |exercise |held after|of PSUs |

|insider |exercised |of options|of options|of options|exercise |held |

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

|Jon Erik | | | | | | |

|Engeset |250,000 |62,239 |201,315 |263,554 |120,000 |136,986 |

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

|Michael | | | | | | |

|Kleschinski |150,000 |37,344 |3,700 |41,044 |80,000 |93,286 |

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

|Frank Häberli|100,000 |24,896 |40,365 |65,261 |80,000 |34,982 |

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

|Dan Krick |100,000 |24,896 |0 |24,896 |80,000 |93,286 |

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

|Geir Torset |25,000 |6,224 |40,738 |46,962 |20,000 |0 |

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

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 168,047 treasury shares to the employees as settlement of the

exercised options. This also includes transfer of treasury shares to non-primary

insiders. After the transaction, the Company will hold 1,717,072 treasury

shares.

For more information:

Hiva Ghiri, VP Investor Relations, Hexagon Composites

Telephone: +47 958 66 790 | hiva.ghiri@hexagongroup.com

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.