Hexagon Composites – Buyback of shares

In reference to the buyback program announced 7 January 2022, Hexagon Composites ASA ("the Company”) has purchased 924 606 of its own shares. The shares were purchased at an average price of NOK 32,27 per share. The Company has completed this program within the 18 January target date, being thirty-days before the publication of fourth-quarter results, whereby further primary insider transactions are restricted.

Overview of daily purchases:

Date on which the buyback program was announced: 7 January 2022

The duration of the buyback program: 7 January 2022 up to and including 17 January 2022

Size of the buyback program: Up to 1 500 000 shares

Following the transactions, the Company owns 2 148 898 of its own shares, which represents 1,07% of the total shares.

A detailed overview of all transactions made under the buyback program is attached.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act The announcement is made by the contact person.

The announcement is made by the contact person.

For more information:

Hiva Ghiri, VP IR, Hexagon Composites ASA Telephone: +47 958 66 790 | hiva.ghiri@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 Twitter and LinkedIn.

Attachment

• Detailed overview of transactions