Norsk Titanium AS: Notification of transactions by close associates of primary insiders

Reference is made to the stock exchange notice on 30 March 2023 regarding a private placement (the "Private Placement") of shares in Norsk Titanium AS ("Norsk Titanium"). The following close associates to primary insiders in Norsk Titanium, have purchased shares in Norsk Titanium in connection with the Private Placement: - Scatec Innovation 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 subscribed 8,681,750 shares. - Shan Ashary, a director of Norsk Titanium Cayman Ltd. has subscribed 3,472,700 shares. Norsk Titanium Cayman Ltd. is a legal person closely associated with Bart Van Aalst, who is a board member of Norsk Titanium AS. Attached are the notifications 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, Chief Financial Officer of 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.