Oslo, Norway, 26 January 2024: Reference is made to the stock exchange
announcement by Norsk Titanium AS (the "Company") on 19 January 2024 regarding
the transfer of 76,334,916 shares from Norsk Titanium Cayman Ltd. to White
Crystals Ltd., representing White Crystals Ltd.'s pro rata portion of the
Company's common shares owned by Norsk Titanium Cayman Ltd.

The transaction was completed today, on 26 January 2024. 

Norsk Titanium Cayman Ltd. is a legal person closely associated with Shan
E-Abbas Ashary and Bart van Aalst, who are both board members of Norsk Titanium
Cayman Ltd., and also board members of Norsk Titanium. 

Attached is the notification of the transaction in accordance with the Market
Abuse Regulation Article 19. 

For more information, please contact: 

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

Carl Johnson, President & CEO Norsk Titanium AS
Email: Carl.Johnson@norsktitanium.com
Tel: +1 518 324 4010

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

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act.