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

Oslo, Norway, 19 January 2024: Reference is made to the stock exchange announcement by Norsk Titanium AS (the "Company") on 3 November 2023. Norsk Titanium Cayman Ltd. has completed the process for transfer of shares in the Company to White Crystals Ltd. White Crystals Ltd. is a shareholder in Norsk Titanium Cayman Ltd. A total of 76,334,196 shares has been transferred from Norsk Titanium Cayman Ltd. to White Crystals Ltd., representing White Crystals Ltd.'s pro rata portion of the Company’s common shares owned by Norsk Titanium Cayman Ltd. Norsk Titanium Cayman Ltd. is a legal person closely associated with Shan E-Abbas Ashary and Bart van Aalst, who are both board members of Norsk Titanium Cayman Ltd., are also board members of 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 AS Email: John.Andersen@scatec.no Tel: +47 90 17 40 80 Carl Johnson, President & CEO Norsk Titanium AS 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 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.