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2014-04-23

Hexagon Composites ASA: Hexagon Composites awarded major order in Iraq

Hexagon Composites' wholly-owned subsidiary Hexagon Ragasco has received an
order of USD 13.6 million (around NOK 82 million) for the supply of LPG
cylinders to Iraq. The order is for delivery in the second half of 2014 and
comes in addition to the order to Qatar at EUR 12.7 million (approximately
NOK 104 million) reported yesterday, 22 April.

These two orders provide high capacity in the second half of the year, which
has been a prioritized objective. "We are very pleased with the performance
of Hexagon Ragasco and in particular sales to markets outside Europe. This
provides enhanced confidence that we can take a higher share of the global
market for LPG cylinders. We have a very good product and an organization in
the driving seat", comments Jon Erik Engeset, CEO of Hexagon Composites.

For further information:
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | E-mail:solveig.saether@hexagon.no

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

Hexagon Ragasco LPG cylinders
http://hugin.info/132600/R/1778907/607663.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via Globenewswire

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