Hexagon Composites ASA - Mandatory notification of trade

28 Sep 2023 08:39 CEST

28 September 2023: Reference is made to the stock exchange notice published on
27 September 2023 regarding a potential sale of existing shares in Hexagon
Composites ASA (the “Company”) by Flakk Composites AS and Flakk Gruppen AS (the
“Sellers”) through a private placement (the “Placing”).

The Sellers have today sold 5,300,000 shares in the Company through the Placing
(representing approximately 2.63% of the share capital and votes in the Company)
at a price of NOK 28 per share.

Following completion of the Placing, Flakk Composites AS holds 15,213,217 shares
in the Company, representing approximately 7.55% of the share capital and votes
in the Company, and Flakk Gruppen AS holds 1,690,504 share in the Company,
representing approximately 0.84% of the share capital and votes in the Company.
Flakk Composites AS and Flakk Gruppen AS are partially owned and controlled by
Knut Flakk, founder and Chairman of the Board in the Company.

Knut Flakk and related parties hold an additional 5,631,248 shares in the
Company, representing approximately 2.79% of the number of the share capital and
votes in the Company.

The Sellers have entered into a 3-month customary lock-up with the Manager (as
defined below) on the remaining shares in the Company held by the Sellers after
the Placing.

DNB Markets, a part of DNB Bank ASA acted as Sole Bookrunner in connection with
the Placing (the “Manager”).

Please see attached notification forms for further details.

This disclosure is made pursuant to article 19 of the Market Abuse Regulation
and section 5-12 of the Norwegian Securities Trading Act

More information:
Access the news on Oslo Bors NewsWeb site

600450_Flakk Gruppen AS - PDMR.pdf
600450_Flakk Composites AS - PDMR.pdf