Norsk Titanium AS: Correct number of exercised RSUs and mandatory notification of trade

22 Jan 2025 17:48 CET

Oslo, Norway, 22 January 2025: Reference is made to the stock exchange
announcement published by Norsk Titanium AS (the "Company") on 17 January 2025
regarding the exercise of Restricted Share Units ("RSU's") under the Company's
long-term incentive program (the "LTIP").

In addition to the 996,762 RSU's exercised by the participants in the LTIP,
Primary insiders in the Company's LTIP exercised 685,718 RSU's. In total
1,682,480 Restricted Share Units RSUs have been exercised.
The Company has resolved to settle 364,319 RSUs with cash consideration to allow
the beneficiaries to settle taxes. The remaining 1,381,161 RSUs exercised will
be settled by issuance of new shares in the Company, as resolved by the Board of
Directors on 17 January 2025.

Attached are the primary insider notifications pursuant to the market abuse
regulation article 19.

This information is subject to the disclosure requirements pursuant to the
market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading
Act.

For more information, please contact:
John Andersen, Chairman of Norsk Titanium AS
Email: John.Andersen@scatec.no
Tel: +47 90 17 40 80

Carl Johnson, President and CEO of Norsk Titanium
Email: Carl.Johnson@norsktitanium.com
Tel: +1 518 324 4010

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

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 700 MT of production capacity, 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.

More information:
Access the news on Oslo Bors NewsWeb site

636956_Primary insider notifications - Exercise.pdf