NORBIT - Award and exercise of restricted stock units

27 May 2026 08:00 CEST

Trondheim, 27 May 2026

The Board of Directors of NORBIT ASA (the "Company") has resolved to award a
total of 95,600 restricted stock units ("RSUs") to current and former members of
the executive management team based on the financial year 2025 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 20 May 2026. The Company's Board of Directors has further
resolved to issue a total of 31,864 shares at par value as a result of exercise
of the vested portion of such RSUs. The remaining half of the RSUs will vest
equally at the time of the Annual General Meeting in 2027 and the Annual General
Meeting in 2028.

Furthermore, and with reference to the stock exchange notices dated 23 May 2024
and 15 May 2025, the Board of Directors has resolved to issue a total of
117,103 shares at par value as a result of the vested portion of the RSUs
awarded for the financial years 2023 and 2024.

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 6,409,766.20, divided into 64,097,662 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, inter alia, cover tax liabilities.
In aggregate, the Company will purchase 60,335 shares at a price of NOK 190.70
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: 7,012,635 shares and
22,660 RSUs
Per Kristian Reppe, Group Chief Financial Officer: 97,075 shares and 18,444 RSUs
Julie Dahl Benum, CSO and Acting Chief Commercial Officer PIR: 21,965 shares and
12,309 RSUs
Peter Eriksen, Business Unit Director Oceans: 891,926 shares and 27,764 RSUs
Astrid Stevik, Group Chief Operating Officer: 5,060 shares and 7,169 RSUs
Lino Morgione, Chief Commercial Officer Connectivity: 7,129 shares and 1,617
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 700 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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674550_NORBIT - PDMR attachment RSU awards.pdf
674550_NORBIT - PDMR attachment share subscriptions.pdf
674550_NORBIT - PDMR attachment share sales.pdf