Oslo, 23 June 2026. Reference is made to the announcement by Norsk Titanium AS
("Norsk Titanium" or the "Company") on 18 June 2026 regarding a successfully
placed private placement of new shares in the Company with gross proceeds of NOK
260,000,000 by the allocation of a total of 260,000,000 new shares (the "Private
Placement"), and the effectuation of a share loan under a share lending
agreement between the Company, its shareholder Scatec Innovation AS, and Arctic
Securities and Pareto Securities as managers in the Private Placement, the
purpose of which is to facilitate delivery-versus-payment settlement in tranche
1 of the Private Placement (the "Share Lending Agreement"). 

The new shares issued by the Company in tranche 1 of the Private Placement shall
be used for re-delivery of shares under the Share Lending Agreement. 

Today, following the registration in the Norwegian Register of Business
Enterprises of the share capital increase pertaining to the Company's board of
directors' resolution on 17 June 2026 to issue 130,460,200 offer shares in
tranche 1 of the Private Placement, 130,460,200 new shares will be re-delivered
to Scatec Innovation AS in accordance with the Share Lending Agreement. Please
see the enclosed forms for further details pursuant to article 19 of the EU
Market Abuse Regulation. 

The Company's new registered share capital is NOK 92,794,485.76 divided into
1,159,931,072 shares, each with 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 

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

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 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 us on LinkedIn.

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities
Trading Act.
ket Abuse Regulation article 19 and section 5-12 of the Norwegian Securities\
Trading Act.\