Hexagon Purus ASA: Adjustment of conversion price for the convertible bonds

(Oslo, Norway, 10 December 2024) Reference is made to (i) the convertible bond with ISIN NO0012851858 (the "First Convertible Bonds") and (ii) the convertible bond with ISIN NO0013106732 (the "Second Convertible Bonds"), both issued by Hexagon Purus ASA (the "Company").

Reference is further made to a series of notices by the Company on Newsweb.no, whereby the Company has informed of a private placement which was approved by an extraordinary general meeting of the Company on 22 November 2024. The Company has received notice from Nordic Trustee AS, in the capacity as Bond Trustee for both the First Convertible Bonds and the Second Convertible Bonds, that the conversion prices of the First Convertible Bonds and the Second Convertible Bonds have been adjusted according to the respective Bond Terms Clause 13.1, as set out in the notices attached hereto.

For more information

Salman Alam, CFO, Hexagon Purus
Telephone: +47 476 12 713 | salman.alam@hexagonpurus.com

Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com

About Hexagon Purus

Hexagon Purus enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel cell electric and battery electric vehicles. Hexagon Purus' products are used in a variety of applications including light, medium and heavy-duty vehicles, buses, ground storage, distribution, refueling, maritime, rail and aerospace.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on X and LinkedIn

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

Attachment

• Notice of CB conversion price adjustments