Norsk Titanium AS: Exercise of RSUs and share capital increase

19 Jan 2026 07:00 CET

Oslo, Norway, 19 January 2026: Reference is made to the stock exchange
announcement on 6 May 2025 where Norsk Titanium AS ("Norsk Titanium" or the
"Company") announced that the general meeting of the Company had resolved to
authorize an increase to the Company’s share capital in order to execute the
Company’s long term incentive program (the "LTIP").

Participants in the Company's LTIP have on 17 January 2026 exercised a total of
2,620,439 Restricted Share Units ("RSU's"). Primary insiders in the Company's
LTIP exercised a total of 943,074 RSU's. Attached are the primary insider
notifications pursuant to the market abuse regulation article 19.

Each RSU gives a right to acquire one share in the Company at a subscription
price equal to the nominal value of the shares, being NOK 0.08. The RSUs are
described in note 4.7 in Norsk Titanium's annual financial statements for 2024.
The Company has resolved to settle 599,493 RSUs with cash consideration to allow
the beneficiaries to settle taxes. The remaining 2,020,946 RSUs exercised will
be settled by issuance of new shares in the Company.

Following the exercise, the Board of Directors, pursuant to authorisation
granted by the Company's Annual General Meeting, has decided to increase the
Company’s share capital by NOK 161,675.68 by issuing 2,020,946 new shares, of
par value NOK 0.08. Subsequent to the transaction, Norsk Titanium's share
capital will be NOK 82,357,669.76 divided into 1,029,470,872 shares, each share
having a par value of NOK 0.0.8 and carrying one vote in the Company’s general
meeting.

Ashar Ashary, CFO of 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.

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.

More information:
Access the news on Oslo Bors NewsWeb site

663794_Primary insider notifications - Exercise.pdf