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

2 July 2026: The Board of Directors of Hexagon Composites ASA ("Hexagon Composites" or the "Company") has resolved to provisionally award 5,451,837 (and up to a maximum of 10,903,674) Performance Share Units ("PSUs") to executives. The actual number of PSUs to be allocated will depend on financial performance in 2026, 2027, and 2028, in addition to the development of the market capitalization of the Company from award and up to vesting. Dependent upon performance, the number of PSUs can range from a minimum of zero and maximum of 10,903,674. 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, including the provisional award stated above, are now 277,000 and provisionally 10,274,038 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 personnel as approved at the Annual General Meeting on 4 June 2026. The PSUs are non-transferable and will vest on or around 30 April 2029 subject to satisfaction of the applicable vesting conditions. Of the maximum 10,903,674 provisionally awarded PSUs, maximum 6,464,946 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: Eirik Løhre, CFO, Hexagon Composites Telephone: +1 704 777 5171 (US Eastern time zone) | eirik.lohre@hexagongroup.com Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com (berit -cathrin.hoyvik@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.