Norsk Titanium AS: Registration of national prospectus and launch of Subsequent Offering

08 Jul 2026 18:23 CEST

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THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Oslo, Norway, 8 July 2026: Reference is made to the stock exchange announcement
by Norsk Titanium AS (the "Company") on 18 June 2026 regarding the completion of
a private placement raising gross proceeds of approximately NOK 260 million (the
"Private Placement") and a potential subsequent offering (the "Subsequent
Offering") of up to 45,000,000 new shares (the "Offer Shares") at a subscription
price of NOK 1.00 per share (the "Subscription Price"). The Subscription Price
is equal to the subscription price in the Private Placement.

The Company has resolved to proceed with the Subsequent Offering, which may
raise total gross proceeds of up to NOK 45,000,000. The Subsequent Offering will
be directed towards existing shareholders in the Company as of 17 June 2026, as
registered in VPS on 19 June 2026 (the "Record Date"), who (i) were not
allocated shares in the Private Placement and (ii) are not resident in
jurisdictions where such offering would be unlawful or (in jurisdictions other
than Norway) would require a prospectus or similar action (the "Eligible
Shareholders").

Each Eligible Shareholder will be granted 0.107836 non-transferable subscription
rights for each existing share registered as held by each such Eligible
Shareholder as of the Record Date, rounded down to the nearest whole
subscription right (the "Subscription Rights"). Each Subscription Right will
give the right to subscribe for, and be allocated, one (1) share in the
Subsequent Offering. Over-subscription will be permitted, but the Subsequent
Offering is limited to 45,000,000 Offer Shares and there can be no assurance
that Offer Shares will be allocated for such over-subscriptions. Subscription
without Subscription Rights will not be permitted.

The subscription period for the Subsequent Offering commences on 9 July 2026 at
09:00 hours (CEST) and ends on 22 July 2026 at 16:30 hours (CEST) (the
"Subscription Period"). The Company, in consultation with the Managers (as
defined below), reserves the right to extend the Subscription Period for the
Subsequent Offering at any time and without any prior written notice and at its
sole discretion.

The Subscription Rights must be used to subscribe for Offer Shares prior to the
expiry of the Subscription Period on 22 July 2026 at 16:30 hours (CEST).
Subscription Rights that are not used to subscribe for Offer Shares before the
expiry of the Subscription Period will have no value and will lapse without
compensation to the holder.

The terms and conditions for the Subsequent Offering are set out in a national
prospectus prepared by the Company in accordance with the rules in the
Securities Trading Act chapter 7 (the "Prospectus"). The Prospectus has been
registered with the Norwegian Register of Business Enterprises (the "NRBE")
today and will be made available at the Managers' websites
(www.arctic.com/offerings) and (www.paretosec.com/transactions). The Prospectus
is a national prospectus (Nw. nasjonalt prospekt) and neither the Financial
Supervisory Authority of Norway (Nw. Finanstilsynet) nor any other public
authority has carried out any form of review, control or approval of the
Prospectus.

The due date for payment of the Offer Shares is expected to be 27 July 2026. The
Offer Shares will, after registration of the share capital increase in the NRBE
pertaining to the Offer Shares, be registered in the VPS in book-entry form and
are expected to be delivered to the applicant's VPS account on or about 31 July
2026. The Offer Shares will have equal rights and rank pari passu with the
Company's other shares.

The completion of the Subsequent Offering is subject to (i) all necessary
corporate resolutions being validly made by the Company, including the board of
directors resolving to consummate the Subsequent Offering and issue and allocate
the Offer Shares, (ii) due payment of the Offer Shares by the subscribers, (iii)
registration of the share capital increase pertaining to the Subsequent Offering
with the NRBE, and (iv) the allocated Offer Shares being validly issued and
registered in the VPS.

Arctic Securities AS and Pareto Securities AS are acting as joint bookrunners
(together, the "Managers"). Advokatfirmaet Selmer AS is acting as legal advisor
to Norsk Titanium.

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

Fabrizio Ponte, President and CEO of Norsk Titanium AS
Email: Fabrizio.ponte@norsktitanium.com
Tel: +1 404 426 2270

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

This information is published in accordance with the requirements of the
Continuing Obligations for companies listed on Euronext Growth Oslo and section
5-12 of the Norwegian Securities Trading Act.

About Norsk Titanium AS:
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 installed production capacity to generate annual revenues of
approximately USD 300 million, 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 the Company on
LinkedIn.com.

Important Notices:
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. Copies of
this announcement are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression "Prospectus
Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of
the Council, of 14 June 2017, as amended, on the prospectus to be published when
securities are offered to the public (together with any applicable implementing
measures in any EEA Member State).

In the United Kingdom, this communication is only addressed to and is only
directed at persons in the United Kingdom that are "qualified investors" as
defined in paragraph 15 of Schedule 1 to the Public Offers and Admissions to
Trading regulations 2024, and that are (i) investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only to
relevant persons and will only be conducted with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict, and are beyond their
control. Actual events may differ significantly from any anticipated development
due to a number of factors, including without limitation, changes in public
sector investment levels, changes in the general economic, political and market
conditions in the markets in which the Company operates, the Company's ability
to attract, retain and motivate qualified personnel, changes in the Company's
ability to engage in commercially acceptable acquisitions and strategic
investments, and changes in laws and regulation and the potential impact of
legal proceedings and actions. Such risks, uncertainties, contingencies and
other important factors could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements. The Company does not make any guarantee that the assumptions
underlying the forward-looking statements in this announcement are free from
errors nor does it accept any responsibility for the future accuracy of the
opinions expressed in this announcement or any obligation to update or revise
the statements in this announcement to reflect subsequent events. You should not
place undue reliance on the forward-looking statements in this announcement.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement.

Neither the Managers nor any of their affiliates make any representation as to
the accuracy or completeness of this announcement and none of them accepts any
responsibility or liability for the contents of this announcement or any matters
referred to herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the
Managers nor any of their affiliates accept any liability arising from the use
of this announcement.

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.

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