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Hexagon Composites ASA : Mandatory notification of trade

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Flakk Holding AS sold the 27 November 2013 6,000,000 shares in Hexagon Composites ASA at a price of NOK 24.50 per share. Flakk Holding AS simultaneously entered into a forward contract to buy back the same shares on 27 May 2014 at a price of 24.959 per share. The share price difference constitutes interest compensation to the counterparty.

The forward contract has the 27 May 2014 been extended to 5 September 2014, forward price NOK 25.237.

Flakk Holding AS is a company controlled by the Chairman of Hexagon Composites ASA, Mr. Knut Flakk. After the sale, Flakk Holding Group holds 44,915,988 shares which constitutes 33.70% of the shares, but retains exposure to the same number of shares as before the sale, namely 50,915,988 shares equal to 38.20% of the shares in Hexagon Composites ASA.

For more information:
Flakk Holding AS, by Knut Flakk
Telephone: +47 997 46 000 | knut.flakk@flakk.no

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

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