Hexagon Composites ASA: Changes in Executive Management

11 November 2025: David Bandele, CFO of Hexagon Composites ASA, has decided to
seek opportunities outside of Hexagon. David joined Hexagon in 2014 and has
guided the company through different growth phases and several acquisitions,
including Agility Fuel Solutions in 2019. The Board thanks David for his
dedication and valuable commitment to Hexagon over the past decade.

Eirik Løhre has been appointed interim CFO. Eirik joined Hexagon in 2021 and has
served as EVP Corporate Development on the Executive Team. He has been essential
in Hexagon's ongoing cost reduction program and strategic initiatives, including
M&A and long-term portfolio alignment. Eirik brings broad experience from
corporate finance and strategy, and deep knowledge of Hexagon's core markets and
operations.

The change is effective as of today and the transition will be supported by
David.

For more information:

Media enquiries:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

Analysts/investor meetings:
Emily Cherry, Communications Manager, Hexagon Composites
Tel: +47 480 90 239, emily.cherry@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 and industrial applications. Learn more at
www.hexagongroup.com and follow @HexagonASA on LinkedIn.