NORBIT - New registered share capital

14 Apr 2023 13:48 CEST

Trondheim, 14 April 2023: NORBIT ASA (the "Company") refers to the announcement
on 8 April 2023 and the share capital increase in relation to the acquisition of
the business and certain assets from Seahorse Geomatics Inc as described
therein. This share capital increase was registered with the Norwegian Register
of Business Enterprises on 14 April 2023, and the Company's new registered share
capital is NOK 5,946,486.80, divided into 59,464,868 shares, each with a par
value of NOK 0.10.

For more information, please contact:
Per Jørgen Weisethaunet, CEO, +47 959 62 915
Per Kristian Reppe, CFO, +47 900 33 203

About NORBIT ASA
NORBIT is a global company providing tailored technology to selected
applications by solving challenges through innovative solutions, in line with
its mission to Explore More. The company is structured in three business
segments to address its key markets: Oceans, Connectivity and Product Innovation
& Realization (PIR). The Oceans segment delivers tailored technology solutions
to global maritime markets. The Connectivity segment provides tailored wireless
solutions for identification, monitoring and tracking. The PIR segment offers
R&D services, proprietary products, and contract manufacturing to key customers.
NORBIT has around 450 employees, with headquarter in Trondheim, R&D and
manufacturing in Norway and Hungary, and a worldwide sales and distribution
platform.

For more information: www.norbit.com

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

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