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Regulatory press release

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

Hexagon Composites
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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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