Norsk Titanium AS: Correct number of exercised RSUs and mandatory notification of trade

Oslo, Norway, 22 January 2025: Reference is made to the stock exchange announcement published by Norsk Titanium AS (the "Company") on 17 January 2025 regarding the exercise of Restricted Share Units ("RSU's") under the Company's long-term incentive program (the "LTIP"). In addition to the 996,762 RSU's exercised by the participants in the LTIP, Primary insiders in the Company's LTIP exercised 685,718 RSU's. In total 1,682,480 Restricted Share Units RSUs have been exercised. The Company has resolved to settle 364,319 RSUs with cash consideration to allow the beneficiaries to settle taxes. The remaining 1,381,161 RSUs exercised will be settled by issuance of new shares in the Company, as resolved by the Board of Directors on 17 January 2025. Attached are the primary insider notifications pursuant to the market abuse regulation article 19. This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading Act. 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 and CEO of Norsk Titanium 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 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 700 MT of production capacity, 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.