Norsk Titanium AS: Share capital increase registered

04 Jul 2024 16:20 CEST

Oslo, Norway, 4 July 2024: Reference is made to the stock exchange announcement
by Norsk Titanium AS (the "Company") on 25 June 2024 regarding the final results
of the first exercise period for the warrants ("Warrants"), which resulted in an
issuance of 28,722,823 new shares in the Company ("New Shares") to investors
exercising Warrants.

The share capital increase pertaining to the New Shares is now registered with
the Norwegian Register of Business Enterprises. After this, the Company's new
registered share capital is NOK 53,307,026.00 divided into 666,337,825 shares,
each with a nominal value of NOK 0.08.

For more information, please contact:

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

For information about the Warrants, please contact Carnegie AS (the "Manager"):
Tel: +47 22 00 93 40

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 installed production capacity to generate annual revenues of
approximately USD 300 million, 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.

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