Hexagon Composites

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

4 June 2025: The Board of Directors of Hexagon Composites ASA ("Hexagon

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

maximum of 155,956 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

155,956. 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 426,803 and provisionally 7,474,411 respectively.

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

policy for executive personnel. This policy is described in the Company's

Guidelines for remuneration of executive management as approved at the Annual

General Meeting on 5 May 2025. The PSUs are non-transferable and will vest on or

around 31 March 2028 subject to satisfaction of the applicable vesting

conditions.

Further details of the primary insiders' transactions pursuant to the market

abuse regulation article 19 are attached.

For more information:

David Bandele, CFO, Hexagon Composites

Telephone: +47 92 09 14 84 | [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 and industrial applications. Learn more at

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