Hexagon Composites

Share Issue/Capital Change • Aug 18, 2023

Hexagon Composites ASA: Settlement of Restricted Share Units

Hexagon Composites ASA: Settlement of Restricted Share Units

18 August 2023: Reference is made to the announcement on 29 July 2020, in which

Hexagon Composites ASA (the "Company") announced the provisional award of

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. Each vested RSU 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 program ended at 85,058 RSUs. The transaction is settled in treasury

shares, and following the transaction, the Company holds 9,473 treasury shares.

For more information:

Ingrid Aarsnes, VP IR & ESG, Hexagon Composites Telephone: +47 950 38 364 |

ingrid.aarsnes@hexagongroup.com (mailto:ingrid.aarsnes@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. 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