Norsk Titanium AS: Exercise of warrants by primary insiders

Oslo, Norway, 20 November 2024: Reference is made to the stock exchange announcement published by Norsk Titanium AS (the "Company") on 18 November 2024 regarding the commencement of the final exercise period for warrants (the "Warrants") issued in connection with the Company`s rights issue completed in February 2024 (the "Rights Issue"). Today, the Company has been informed that all of the primary insiders who participated in the Rights Issue have exercised their Warrants. The amounts exercised by each are listed below: • 14,329 Warrants have been exercised by Carl Johnson, Chief Executive Officer and President • 10,000 Warrants have been exercised by Ashar Ashary, Chief Financial Officer • 5,000 Warrants have been exercised by Gail Balcerzak, Chief Legal and People Officer • 6,000 Warrants have been exercised by Nicholas Mayer, Vice President, Commercial • 27,644 Warrants have been exercised by Khazeem Adesokan, Vice President, Quality • 8,081 Warrants have been exercised by Anne Lene Gullen Bråten, Director Finance Please see the attached notifications of trade for information regarding the primary insiders' exercise of the Warrants issued in connection with the Rights Issue. This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act. For more information, please contact: Ashar Ashary, CFO Norsk Titanium AS Email: Ashar.Ashary@norsktitanium.com Tel: +1 518 556 8966