Oslo, September 9, 2025: Norsk Titanium AS (Euronext: NTI, OTCQX: NORSF), a
global leader in additive manufacturing for aerospace-grade structural titanium
components using its patented Rapid Plasma Deposition® (RPD®) technology, today
announces the appointment of Fabrizio Ponte as Chief Executive Officer.

Mr. Ponte joins Norsk Titanium from the position as Executive Vice President and
Head of Thermoplastics Composites at Syensqo SA, a global leader in composites
and other high-performance materials (Euronext: SYENS). Mr. Ponte will assume
the position as CEO of Norsk Titanium on October 8.

"Fabrizio Ponte brings extensive international experience in scaling businesses
alongside demanding customers in highly regulated industries, including
aerospace and defense, energy and beyond. Coupled with a strong entrepreneurial
mindset, this makes him exceptionally well equipped to lead Norsk Titanium
through the successful commercialization of our globally leading technology",
said John Andersen, Jr., Chair of the Board.

Syensqo was formerly a part of Solvay, and during his more than 26 years with
Solvay and Syensqo, Mr. Ponte held executive management positions in Italy,
China and the US, spanning general management, commercial operations, country
leadership, strategy and communications. He holds a degree in Economics and
Commerce from the University of Turin and an Executive MBA from Fox Business
School at Temple University. Mr. Ponte is an Italian citizen with a permanent US
residency. He currently resides with his family in Atlanta, Georgia.

Mr. Carl Johnson will reassume the position as Chief Technology Officer, a
position he held for seven years before he was appointed CEO. 

"I would like to thank Carl for his significant contributions during his tenure
as CEO", said John Andersen, Jr. "Carl played an instrumental role in qualifying
the RPD® technology with key customers, most notably Airbus. As we work to
expand our customer base both in the US and internationally, I am very pleased
that we can continue to rely on Carl as a highly respected authority on additive
manufacturing across all our key market segments", Mr. Andersen added.

Additional information: 

As part of the compensation package, the Board of Directors of Norsk Titanium
has resolved to grant Mr. Ponte seven million Performance Share Units ("PSUs"),
with each PSU at vesting giving the right to subscribe for one share at par
value. The PSUs will vest in full on December 31, 2029, provided that the market
capitalization of Norsk Titanium is USD 400 million or higher. 75% of the PSUs
will vest at market capitalizations between USD 300 million and USD 399 million,
and 50% of the PSUs will vest at market capitalizations between USD 200 million
and USD 299 million. No PSUs will vest if the market capitalization is below USD
200 million. The total value of the PSUs granted is capped at USD 4 million.

Contact details: 
John Andersen, Jr., Chair of the Board of Norsk Titanium AS 
Email: john.andersen@scatec.no 
Tel: +47 90 17 40 80 

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.

Important notice: 

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. The stock
exchange announcement was published by Gail Balcerzak, Chief Legal and People
Officer, Norsk Titanium, at the time and date stated above in this announcement.