Norsk Titanium AS: Mandatory notification of trade by a close associate to primary insiders

06 Jun 2024 15:47 CEST

Oslo, Norway, 6 June 2024: Reference is made to the stock exchange announcement
by Norsk Titanium AS (the "Company") on 21 February 2024 regarding the issuance
of 164,519,363 warrants (the "Warrants") issued in connection with the Company'
rights issue completed in February 2024, raising approx. NOK 188.3 million
(equivalent to approx. USD 18 million) in gross proceeds (the "Rights Issue").
Each Warrant gives the holder a right to subscribe for one new share in the
Company.

Today, Norsk Titanium Cayman Ltd. has executed a sale of Warrants. Norsk
Titanium Cayman Ltd. is a company closely associated with Shan E-Abbas Ashary
and Bart Van Aalst, who are both board members of Norsk Titanium Cayman Ltd. and
board members of the Company.

Please see the attached notification of trade for information regarding the
exercise of Warrants by close associates to primary insiders.

For more information, please contact:

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 article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

620911_Norsk Titanium - Primary insider notification - MAR - Disposal of warrants.pdf