Oslo, Norway, 25 January 2024: Reference is made to the stock exchange notice by
Norsk Titanium AS ("Norsk Titanium" or "Company") published on 17 January 2024
regarding a share capital increase in connection with exercise of restricted
share units according to the Company's long term incentive program.

The issuance of 653,238 new shares has been registered with the Norwegian
Register of Business Enterprises. Following registration, the share capital of
Norsk Titanium is NOK 21,653,711.36 divided into 270,671,392 shares, each share
having a par value of NOK 0.08 and carrying one vote in the Company's general
meeting.

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 and CEO of Norsk Titanium 
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 

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 Euronext
Growth Oslo Rule Book - Part II.