20 August 2024: Reference is made to Hexagon Composites ASA's (the "Company") provisional award of Restricted Share Units ("RSUs") in August 2021 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 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 91,132 RSUs. The transaction is settled in treasury shares, and following the transaction, the Company holds 475,301 treasury shares.

For more information:
Ingrid Aarsnes, VP ESG & Corporate Compliance, Hexagon Composites,
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 and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on X and LinkedIn.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act