Hexagon Composites

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

31 March 2025: The Board of Directors of Hexagon Composites ASA ("Hexagon

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

maximum of 6,222,588 Performance Share Units ("PSUs") to executives.

The actual number of PSUs to be allocated will depend on 2027 financial

performance in addition to the development of market cap of the Company from

award up to vesting. The number of PSUs will attain minimum zero and maximum

6,222,588. 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 (RSUs)

and PSUs are now 433,554 and provisionally 8,997,551 respectively.

The PSU allocation is in accordance with the Board of Director's remuneration

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 17 April 2024. The PSUs are non-transferable and will vest on

or around 31 March 2028 subject to satisfaction of the applicable vesting

conditions.

Of the maximum 6,222,588 provisionally awarded PSUs, maximum 2,807,178 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:

David Bandele, CFO, Hexagon Composites ASA

Telephone: +47 920 91 483 | [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 and follow @HexagonASA on LinkedIn.

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