Hexagon Composites ASA - Mandatory notification of trade

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