Norsk Titanium AS: Exercise of Warrants by one of the Company's largest shareholders

18 Nov 2024 19:24 CET

Oslo, Norway, 18 November 2024: Reference is made to the stock exchange
announcements by Norsk Titanium AS (the "Company") on 14 November 2024 regarding
pre-commitments for warrants exercise and on 18 November 2024 regarding the
commencement of the final exercise period for warrants (the "Warrants") issued
in connection with the Company' rights issue completed in February 2024.

The Company has been notified that Scatec Innovation AS has exercised all its
20,279,518 Warrants. Scatec Innovation AS is a company closely associated with
John Andersen, who is the chairman of the Company's board of directors. Please
see the attached notification of trade for information regarding the
transaction.

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

632564_NTi - MAR form Scatec Innovation AS exercise of warrants.pdf