DISCLOSURE OF SHAREHOLDING

Reference is made to the announcement by Hexagon
Composites ASA ("Hexagon") on 29 February 2016, where
Hexagon announced the proposed issue of 33,333,000 new
shares. After, and subject to, completion of the issue
of new shares, Nødingen AS' unchanged shareholding of
6,940,045 shares in Hexagon will amount to 4.16%
(previously 5.21%) of the new total number of shares
and votes of Hexagon.