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

04 Jun 2025 21:31 CEST

4 June 2025: The Board of Directors of Hexagon Composites ASA ("Hexagon
Composites" or the "Company") has resolved to provisionally award up to a
maximum of 155,956 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
155,956. 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 426,803 and provisionally 7,474,411 respectively.

The PSU allocation is in accordance with the Board of Director's remuneration
policy for executive personnel. This policy is described in the Company's
Guidelines for remuneration of executive management as approved at the Annual
General Meeting on 5 May 2025. The PSUs are non-transferable and will vest on or
around 31 March 2028 subject to satisfaction of the applicable vesting
conditions.

Further details of the primary insiders' transactions pursuant to the market
abuse regulation article 19 are attached.

For more information:
David Bandele, CFO, Hexagon Composites
Telephone: +47 92 09 14 84 | 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 and industrial applications. Learn more at
www.hexagongroup.com and follow @HexagonASA on LinkedIn.

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648416_Notification_of_transaction_4_June_2025.pdf