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: [phone] | [e-mail]

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