NORBIT ASA - Minutes from NORBIT ASA's Annual General Meeting 2025

06 May 2025 17:05 CEST

Trondheim, 6 May 2025: The annual general meeting of NORBIT ASA was held today,
6 May 2025.

All proposals on the agenda were approved by the general meeting, including the
board's proposed dividend distribution of NOK 3.00 per share. The dividend will
be paid on or about 16 May 2025 to the shareholders of NORBIT ASA as of 6 May
2025. The shares will trade exclusive the right to receive dividend from and
including 7 May 2025.

The deputy chair of the board, Bente Avnung Landsnes, director Trond Tuvstein
and deputy director Tom Solberg were elected for terms which expire this year.
Bente Avnung Landsnes and Trond Tuvstein were re-elected in their positions for
a period of two years, while Tom Solberg was elected as deputy director to the
board for a period of one year.

Following these elections, the board has the following composition:

Finn Haugan (Chair)
Bente Avnung Landsnes (Deputy Chair, elected until 2027)
Trond Tuvstein (director, elected until 2027)
Christina Hallin (director)
Håkon Kavli (director)
Tom Solberg (deputy director, elected until 2026)

The minutes from the meeting are attached to this announcement.

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 and North America, has around 600 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 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

645435_NORBIT ASA - Minutes from the annual general meeting 2025.pdf