Hexagon Composites ASA: Mandatory notification of trade - provisional award of PSUs

31 Mar 2025 17:45 CEST

31 March 2025: The Board of Directors of Hexagon Composites ASA ("Hexagon
Composites" or the "Company") has resolved to provisionally award up to a
maximum of 6,222,588 Performance Share Units ("PSUs") to executives.

The actual number of PSUs to be allocated will depend on 2027 financial
performance in addition to the development of market cap of the Company from
award up to vesting. The number of PSUs will attain minimum zero and maximum
6,222,588. 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 number of outstanding restricted share units (RSUs)
and PSUs are now 433,554 and provisionally 8,997,551 respectively.

The PSU allocation is in accordance with the Board of Director's remuneration
policy for the executive management. This policy is described in the Company's
Guidelines for remuneration of executive management as approved at the Annual
General Meeting on 17 April 2024. The PSUs are non-transferable and will vest on
or around 31 March 2028 subject to satisfaction of the applicable vesting
conditions.

Of the maximum 6,222,588 provisionally awarded PSUs, maximum 2,807,178 PSUs will
provisionally be awarded to primary insiders. Further details of the primary
insider's transactions pursuant to the market abuse regulation article 19 are
attached.
For additional information:
David Bandele, CFO, Hexagon Composites ASA
Telephone: +47 920 91 483 | david.bandele@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 LinkedIn.

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642679_Notification_of_transactions_31_March_2025.pdf