Hexagon Composites

Hexagon Composites ASA: Initiation of share buyback program to fulfil incentive programs obligations

18 August 2023: Hexagon Composite ASA has decided to initiate a buyback of up to

2,000,000 of its own shares for an amount up to NOK 50 million. The buyback

program may be carried out in the period from this announcement and until 31

October 2023. The[DB1] purpose of the program is to fulfil the Company's

obligations under its incentive programs.

Hexagon Composites has engaged a third party to carry out the share buybacks in

the market. The third party will make its trading decisions independently of,

and uninfluenced by the Company. The share buybacks will be made in accordance

with the authorization granted to the Board of Directors by the Company's Annual

General Meeting held on 26 April 2023.

Transactions will be conducted in accordance with the Market Abuse Regulation

(EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052

("Safe Harbour Regulation").

Hexagon Composites holds 9,473 own shares as of the date of this announcement.

For more 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 and follow @HexagonASA on Twitter and LinkedIn.

This information is made public by Hexagon Composites pursuant to the EU Market

Abuse Regulation and subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

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@Ingrid Aarsnes (mailto:[email protected]) - can we put a future

date that already goes into MAR 30 day/ 14 day (Q1/Q3) close period? [DB1]

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