22 March 2024: Reference is made to the announcement on 2 May 2021, in which Hexagon Composites ASA (the "Company") announced the provisional award of up to 1 734 990 Performance Share Units ("PSUs") to senior executives and entitled employees. 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 program ended at 813 421 PSUs of which 225 411 PSUs have been awarded to primary insiders.

The transaction is settled in treasury shares, following the transaction, the Company holds 566 433 treasury shares. Further details of the primary insiders' transactions pursuant to the market abuse regulation article 19 are attached.

For more information:

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