Hexagon Composites - Remuneration Information 2022

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

2 May 2022: The Board of Directors of Hexagon Composites ASA ("Hexagon

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

2,808,616 Performance Share Units ("PSUs") to executives. 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 28 February

2025 subject to satisfaction of the applicable vesting conditions.

The actual number of PSUs to be allocated will depend on 2022 and 2023 financial

performance and attain minimum zero and maximum 2,808,616. 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 restricted share units and PSUs are now 208,852 and

provisionally 7,904,640 respectively. Of the maximum 2,808,616 provisionally

awarded PSUs, maximum 904,688 PSUs will provisionally be awarded to primary

insiders.

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

abuse regulation article 19 are attached.

For additional information:

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

Telephone: +47 950 38 364 | [email protected]

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) 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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