NORBIT - Share issue in connection with the 2024 incentive program to employees

01 Oct 2024 07:00 CEST

Trondheim, 1 October 2024: The Board of Directors of NORBIT ASA (the 'Company')
has decided to approve an incentive share purchase program for employees in the
NORBIT group of companies.  In total, 209 employees participated in the program.

The share purchase program is structured as a share matching program where
participants are offered the opportunity to acquire shares at market value, and
in turn, obtain a right to receive compensation in new shares equivalent to
their invested amount after 24 months if certain conditions are met.

In this year's program a total of 135,430 shares have been subscribed for. Upon
allocation, the subscription price of the shares was set to NOK 88.7128, which
corresponds to the five-day average volume weighted price of NORBIT ASA's share
prior to 23 June 2024.

In connection with the share issue, the Board of Directors of the Company has
resolved to increase the Company's share capital by NOK 13,543.00 through the
issuance of 135,430 new shares, each with a par value of NOK 0.10. The
resolution is based on the authorization to increase the share capital granted
by the Company's general meeting on 6 May 2024.

Following registration of the share capital increase with the Norwegian Register
of Business Enterprises, the Company will have a share capital of NOK
6,375,002.70, divided into 63,750,027 shares, each with a par value of NOK 0.10.

For further details on shares subscribed for by primary insiders and related
parties of the Company, please see the attached forms.

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 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 550 employees, 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 the Norwegian Securities Trading Act.

More information:
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628815_241001 NORBIT - PDMR attachment share subscriptions.pdf