NORBIT ASA - Mandatory notification of redelivery of borrowed shares

09 Jul 2024 16:17 CEST

Trondheim, 9 July 2024: Reference is made to the stock exchange announcement by
NORBIT ASA ("NORBIT" or the "Company") (Euronext Oslo Børs trading symbol:
NORBT) on 2 July 2024 (the "Announcement") regarding the successful completion
of a private placement raising gross proceeds of approximately NOK 200 million
(the "Private Placement") at a price per share of NOK 77 (the "Offer Price").
All terms used in this notice shall have the meaning ascribed to such terms in
the Announcement.

Reference is further made to the corrected stock exchange announcement published
on 3 July 2024 regarding, inter alia, the mandatory notification of trade
relating to the share lending by Reitan Kapital, a company closely associated
with the Company's Board member Håkon Kavli, of 2,597,403 existing and
unencumbered shares in the Company to the Managers in connection with the
Private Placement.

Today, following registration of the share capital increase pertaining to the
Private Placement, the Managers have redelivered 2,597,403 shares to Reitan
Kapital as settlement of the borrowed shares described above. Please see the
enclosed form for further details about the transaction.

Following aforementioned redelivery of the borrowed shares Reitan Kapital holds
6,086,781 shares in the Company, representing approximately 9.69% of the issued
share capital and votes.

For further 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 provider of tailored technology to selected applications,
solving challenges and promoting sustainability 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. The Oceans segment delivers tailored technology
solutions to global maritime markets. The Connectivity segment provides wireless
solutions for identification, monitoring and tracking. The Product Innovation &
Realization segment offers R&D services, proprietary products, and contract
manufacturing to key customers. NORBIT is headquartered in Trondheim with
manufacturing in Europe, has around 500 employees, and a worldwide sales and
distribution platform.

For more information: www.norbit.com (http://www.norbit.com)

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities
Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

623324_NORBIT ASA - Mandatory disclosure of transactions by primary insiders and their close associates.pdf