Disclosure of large shareholding

On 26 August 2016, the shareholders meeting of Flakk Investment AS resolved to
demerge certain assets to Flakk Composites AS, included in which are 34 282 667
shares in Hexagon Composites ASA. After, and subject to, completion of the
demerger, Flakk Composites AS will be incorporated as a wholly owned subsidiary
of Flakk Gruppen AS and will hold 34 282 667 shares (20.57%) in Hexagon
Composites ASA. Mr. Knut Flakk, who is Chairman of the Board in Hexagon
Composites ASA, owns 98.7% of the shares in Flakk Gruppen AS. Flakk Investment
AS will not hold any shares in Hexagon Composites ASA directly, but its
subsidiary Flakk Invest AS will continue to hold 1,000,000 shares.

The total holding of Knut Flakk and his close associates, including Flakk
Composites AS and Flakk Invest AS, remains unchanged at 36 095 717 shares in
Hexagon Composites ASA. The demerger is expected to take place at the end of Q4
2016.


This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.