The Board of Directors in Devold AMT AS and Managing Director Johan Fausa have agreed that Mr. Fausa  will retire from his position as  Managing  Director end of March 2010.  The parties have different perspectives on strategic direction for the company and the plans that the Hexagon Corporation wants to implement in future.  Mr. Fausa has been Managing Director since 2003 and the Board of Directors wishes to thank him for his strong efforts in his period as Managing Director.

Lars Ivar Flydal has been contracted  as new  Managing Director and he will lead the company in an interim period.

For further information :
Erik Espeset
President
HEXAGON COMPOSITES ASA
Phone: +47 70116445  Cell:  + 47 90 52 00 33

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)hexagon

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