Norsk Titanium AS: Primary insider trading

It is referred to the stock exchange notices on 6 May 2021 regarding a successful private placement (the "Private Placement") and on 18 May 2021 regarding the successful listing of Norsk Titanium AS' ("Norsk Titanium") shares on Euronext Growth Oslo. Settlement of the Private Placement has been completed for the following close associates to primary insiders in Norsk Titanium, have purchased shares in Norsk Titanium: - NTi Holding AS, that is a legal person closely associated with John Andersen Jr., who is the chairman of the board of directors of Norsk Titanium, has acquired 3,828,125 shares in the Private Placement. - Norsk Titanium Cayman Ltd., that is a legal person closely associated with Bart van Aalst, who is a board member of Norsk Titanium, has has acquired 3,828,125 shares in Norsk Titanium. - Disruptive Innovation Fund, L.P., that is a legal person closely associated with Steve D. Geskos, who is a board member of Norsk Titanium, has acquired 3,828,125 shares in 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 Email: John.Andersen@scatec.no Tel: +47 90 17 40 80 Mike Canario, President and CEO of Norsk Titanium Email: Michael.Canario@norsktitanium.com Tel: +1 518 324 4010 Ashar Ashary, VP Finance Norsk Titanium AS Email: Ashar.Ashary@norsktitanium.com Tel: +1 518 556 8966 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.