NORBIT - Award and exercise of restricted stock units

15 May 2025 07:00 CEST

Trondheim, 15 May 2025

The Board of Directors of NORBIT ASA (the "Company") has resolved to award a
total of 135,676 restricted stock units ("RSUs") to members of its executive
management based on the financial year 2024 in accordance with the terms for the
RSU program described in the Company's report on remuneration to the senior
executives as approved by the Company's Annual General Meeting on 6 May 2025.
The Company's board of directors has further resolved to issue a total of
56,615 shares at par value as a result of exercise of the vested portion of such
RSUs. The remaining half of the RSUs will vest at the time of the Annual General
Meeting in 2026 and the last portion at the time of the Annual General Meeting
in 2027.

Furthermore, and with reference to the stock exchange notices dated 5 June 2023
and 23 May 2024, the Board of Directors has resolved to issue a total of
142,053 shares at par value as a result of the vested portion of the RSUs
awarded for the financial years 2022 and 2023.

Following registration of the share capital increase related to the exercise of
the RSUs with the Norwegian Register of Business Enterprises, the Company's new
share capital will be NOK 6,394,869.50, divided into 63,948,695 shares, each
with a par value of NOK 0.10.

Certain of the members of the executive management have agreed with the Company
that the Company will purchase a portion of the shares subscribed as a
consequence of the exercise of the RSUs to cover tax liabilities. In aggregate,
the Company will purchase 57,460 shares at a price of NOK 170.20 per share.

Following completion of the above-mentioned transactions, the relevant members
of the Company's executive management, together with their related parties, will
hold the following number of shares and RSUs in the Company:

Per Jørgen Weisethaunet, Group Chief Executive Officer: 7,139,157 shares and
38,616 RSUs
Per Kristian Reppe, Group Chief Financial Officer: 97,075 shares and 29,325 RSUs
Julie Dahl Benum, Director of Strategy & ESG: 12,769 shares and 18,846 RSUs
Peter Eriksen, Business Unit Director Oceans: 869,629 shares and 45,590 RSUs
Arild Søraunet, Group Chief Technical Officer: 711,893 shares and 20,237 RSUs
Asbjørn Dahl, Commercial Director Connectivity & PIR: 14,689 shares and 2,656
RSUs
Astrid Stevik: Group Chief Operating Officer: 2,789 shares and 1,364 RSUs

For further details on RSUs awarded to and exercised by primary insiders of the
Company and the share sales to 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 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 and Article 19 of the European
Market Abuse Regulation.

More information:
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646413_NORBIT - PDMR attachment share sales.pdf
646413_NORBIT - PDMR attachment share subscriptions.pdf
646413_NORBIT - PDMR attachment RSU awards.pdf