Norsk Titanium AS: Primary insider trading

27 Feb 2023 16:59 CET

Oslo, Norway, 27 February 2023: In connection with the listing of Norsk Titanium
AS (the "Company") on Euronext Growth Oslo, shareholders, individually, entered
into a share lending agreement with NTi Holding AS ("NTi Holding") whereby their
respective shares in the Company have been held on a separate Euronext VPS
account in the name of NTi Holding AS. On 21 December 2022, the Company
announced that a total of 2,774,100 shares were redelivered upon the sole
discretion and instruction by 16 individual shareholders to their respective
accounts with Royal Bank of Canada New York. The Company recently discovered an
administrative error that led to the transfer of 1,156,800 shares in excess of
the number of shares actually authorized to be transferred. As a result,
1,156,800 shares have been transferred back to NTi Holding’s VPS account for the
share lending arrangement.

NTi Holding is not the beneficial owner of the shares and the transfer of shares
does not represent a purchase of shares by NTi Holding. NTi Holding will
consequently neither increase nor decrease its ownership of shares in Norsk
Titanium as a result of the redelivery. NTi Holding is a legal person closely
associated with John Andersen, who is the chairman of the board of Norsk
Titanium.

Attached are the notification of the transaction in accordance with the Market
Abuse Regulation Article 19.

For more information, please contact:

John Andersen, Chairman of Norsk Titanium
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, CFO of Norsk Titanium
Email: Ashar.Ashary@norsktitanium.com
Tel: +1 518 556 8966

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities
Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

583683_NTi Notification of transactions pursuant to the MAR article 19(RBC Return).pdf