Hexagon Purus ASA: Award of restricted share units and performance share units - notification of trade

03 Apr 2023 22:40 CEST

Hexagon Purus ASA ("Purus" or "the Group") has decided to provisionally award up
to 132,702 Restricted Share Units ("RSUs") and 1,804,312 Performance Share Units
("PSUs", collectively, the "Units") which may result in an award of maximum
3,741,326 shares to executive management and other leading employees of the
Group under the 2023 Long-Term Incentive Program (the "LTIP").

The purpose of the program is to align the interests of the participants with
those of the Company's shareholders. The number of shares the participants may
receive under the PSUs depends on the share price development of the Purus share
and is capped at 3,608,624 shares. Each vested PSU will give the holder the
right to receive up to two shares in the Company, and each vested RSU will give
the holder the right to receive up to one share in the Company. All Units have
an exercise price corresponding to the par value of the shares (NOK 0.10).

The awards are in accordance with the Board of Directors' remuneration policy
for executive management. The Units are non-transferable and will vest in March
2026 (one year after the 2022 LTIP), subject to satisfaction of the applicable
vesting conditions.

Of the grants, 631,500 Units were granted to PDMRs, as further specified in the
attached form.

For more information:

Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com
(mailto:mathias.meidell@hexagonpurus.com)


About Hexagon Purus

Hexagon Purus enables zero emission mobility for a cleaner energy future. The
company is a world leading provider of hydrogen Type 4 high-pressure cylinders
and systems, battery systems and vehicle integration solutions for fuel cell
electric and battery electric vehicles. Hexagon Purus' products are used in a
variety of applications including light, medium and heavy-duty vehicles, buses,
ground storage, distribution, refueling, maritime, rail and aerospace.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on Twitter and
LinkedIn

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

More information:
Access the news on Oslo Bors NewsWeb site

587069_Notification of PDMRs 3 April 2023.pdf