Norsk Titanium AS: Primary insider trading

10 Mar 2023 09:00 CET

Oslo, Norway, 10 March 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. A total of 529,800 shares have now been
redelivered upon the sole discretion and instruction by three individual
shareholders to their respective accounts with Saxo Bank.

NTi Holding is not the beneficial owner of the shares and the transfer of shares
does not represent a sale of shares by NTi Holding. NTi Holding will
consequently neither increase nor decrease its ownership to 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 Norsk Titanium AS
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

584863_Norsk Titanium - Primary insider notification - Transfer Out of Share Lending.pdf