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2014-04-22

Hexagon Composites ASA: Hexagon Composites awarded new major order in Qatar

Hexagon Composites' wholly-owned subsidiary Hexagon Ragasco has received an
order of USD 12.7 million (around NOK 104 million) for the supply of LPG
cylinders to Qatar. The order is for delivery in the second half of 2014.
This is one of the largest orders for Hexagon Ragasco so far.

To secure growth and improved capacity utilization in the second half of the
year, Hexagon Ragasco has focused on selected markets outside Europe. «This
order is a confirmation that our low-pressure composite cylinders to an
increasing degree are viewed as a preferred alternative to traditional steel
cylinders,» says Skjalg S. Stavheim, Managing Director with Hexagon Ragasco.
«Qatar is an important market for us. It is being invested in composite
cylinders that will help to make domestic use of LPG safer and more
user-friendly.»

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.

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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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