Hexagon Composites - Remuneration Information 2021

MANDATORY NOTIFICATION OF TRADE - OPTIONS

Reference is made to the announcement on 22 May 2018, in which Hexagon

Composites ASA (the "Company") announced the grant of 1,200,000 share options to

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

20.85 per share. Following the distribution of 15% of the shares in Hexagon

Purus AS as dividend in kind on 14 December 2020, the strike price has been

adjusted by NOK 4.095 to "make whole" the 2018 options holders. The adjusted

strike price is NOK 16.755 per share.

Of the 1,200,000 options, 800,000 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 2020, first quarter of 2021 and second quarter

of 2021.

The Company has offered to settle the economic value of the options by delivery

of shares held in treasury. The table below shows the movements of the primary

insider accounts. After the transaction, the Company holds 1 611 377 shares in

treasury.

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

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

|Chudzick |80 000 |80 000 |0 |80 000 |0 |121 080 |

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

For more information:

Hiva Ghiri, VP Investor Relations, Hexagon Composites

Telephone: +47 958 66 790 | [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.

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