Norsk Titanium AS: Change of board composition

08 Dec 2022 17:15 CET

Oslo, Norway, 8 December 2022: The board of directors of Norsk Titanium AS
("Norsk Titanium" or the "Company") has received a notification of resignation
from the board member Jeremy Barnes with immediate effect.

Jeremy Barnes runs the commercial aircraft company Falko, previously owned by
Fortress. Until Falko's exit from Fortress earlier in 2022, Falko had been part
of Triangle Holding together with Norsk Titanium and two other companies within
the aircraft business. After the exit from Falko, the ownership of Norsk
Titanium remains with Fortress. Jeremy Barnes has therefore, after an interim
period following Fortress' sale of Falko where he inter alia has continued in
the board of directors of the Company in order to provide continuity, resigned
from the board of directors of the Company with immediate effect.

The remaining board members of Norsk Titanium will constitute the board of
directors after Jeremy Barnes resignation until the annual general meeting of
the company in 2023 before which the Company's nomination committee will assess
the board composition and make a proposal for the general meeting.

For more information, please contact:
John Andersen, Chairman of Norsk Titanium AS
Email: John.Andersen@scatec.no
Tel: +47 90 17 40 80

Mike Canario, President and CEO of Norsk Titanium
Email: Michael.Canario@norsktitanium.com
Tel: +1 518 324 4010

Ashar Ashary, VP Finance Norsk Titanium AS
Email: Ashar.Ashary@norsktitanium.com
Tel: +1 518 556 8966

About Norsk Titanium:
Norsk Titanium is a global leader in metal 3D printing, innovating the future of
metal manufacturing by enabling a paradigm shift to a clean and sustainable
manufacturing process. With its proprietary Rapid Plasma Deposition® (RPD®)
technology and 700 MT of production capacity, Norsk Titanium offers
cost-efficient 3D printing of value-added metal parts to a large addressable
market. RPD® technology uses significantly less raw material, energy, and time
than traditional energy-intensive forming methods, presenting customers with an
opportunity to better manage input costs, logistics, and environmental impact.
RPD® printed parts are already flying on commercial aircraft, and Norsk Titanium
has gained significant traction with large defense and industrial customers. For
the latest news, go to www.norsktitanium.com or follow us on LinkedIn.

This information is subject to the disclosure requirements pursuant to Euronext
Growth Oslo Rule Book - Part II.

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