Hexagon Composites ASA achieved operating income in the first quarter of 2014 of NOK 410.5 million (305.9) and had an operating profit before depreciation (EBITDA) of NOK 85.1 million (47.9). The operating profit (EBIT) was NOK 67.1million (34.2), and the profit before tax for continuing operations was NOK 57.5 million (34.5). The results are presented after the sale of the composites reinforcement business Hexagon Devold in January 2014.

Important events since the previous report:

* Record EBITDA of NOK 85.1 million

* Hexagon Lincoln Inc entered into a joint venture agreement with Agility Fuel Systems

* High production efficiency

* Sale of Hexagon Devold completed

* Hexagon Ragasco post end of first quarter received two new large orders from Qatar and Iraq to supply LPG cylinders

* Dividend of NOK 0.33 per share was paid on 5(th) May

For more information:

Jon Erik Engeset, CEO, Hexagon Composites ASA
Telephone: +47 916 30 550 | jon.erik.engeset@hexagon.no

David Bandele, CFO, Hexagon Composites ASA
Telephone: +47 920 91 483 | david.bandele@hexagon.no

Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | solveig.saether@hexagon.no

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