NORBIT - Award and exercise of restricted stock units

Trondheim, 15 May 2025 The Board of Directors of NORBIT ASA (the "Company") has resolved to award a total of 135,676 restricted stock units ("RSUs") to members of its executive management based on the financial year 2024 in accordance with the terms for the RSU program described in the Company's report on remuneration to the senior executives as approved by the Company's Annual General Meeting on 6 May 2025. The Company's board of directors has further resolved to issue a total of 56,615 shares at par value as a result of exercise of the vested portion of such RSUs. The remaining half of the RSUs will vest at the time of the Annual General Meeting in 2026 and the last portion at the time of the Annual General Meeting in 2027. Furthermore, and with reference to the stock exchange notices dated 5 June 2023 and 23 May 2024, the Board of Directors has resolved to issue a total of 142,053 shares at par value as a result of the vested portion of the RSUs awarded for the financial years 2022 and 2023. Following registration of the share capital increase related to the exercise of the RSUs with the Norwegian Register of Business Enterprises, the Company's new share capital will be NOK 6,394,869.50, divided into 63,948,695 shares, each with a par value of NOK 0.10. Certain of the members of the executive management have agreed with the Company that the Company will purchase a portion of the shares subscribed as a consequence of the exercise of the RSUs to cover tax liabilities. In aggregate, the Company will purchase 57,460 shares at a price of NOK 170.20 per share. Following completion of the above-mentioned transactions, the relevant members of the Company's executive management, together with their related parties, will hold the following number of shares and RSUs in the Company: Per Jørgen Weisethaunet, Group Chief Executive Officer: 7,139,157 shares and 38,616 RSUs Per Kristian Reppe, Group Chief Financial Officer: 97,075 shares and 29,325 RSUs Julie Dahl Benum, Director of Strategy & ESG: 12,769 shares and 18,846 RSUs Peter Eriksen, Business Unit Director Oceans: 869,629 shares and 45,590 RSUs Arild Søraunet, Group Chief Technical Officer: 711,893 shares and 20,237 RSUs Asbjørn Dahl, Commercial Director Connectivity & PIR: 14,689 shares and 2,656 RSUs Astrid Stevik: Group Chief Operating Officer: 2,789 shares and 1,364 RSUs For further details on RSUs awarded to and exercised by primary insiders of the Company and the share sales to the Company, please see the attached forms. For more information, please contact: Per Jørgen Weisethaunet, CEO, +47 959 62 915 Per Kristian Reppe, CFO, +47 900 33 203 About NORBIT ASA NORBIT is a global provider of tailored technology to selected applications, solving challenges and promoting sustainability through innovative solutions, in line with its mission to Explore More. The company is structured in three business segments to address its key markets: Oceans, Connectivity and Product Innovation & Realization. The Oceans segment delivers tailored technology solutions to global maritime markets. The Connectivity segment provides wireless solutions for identification, monitoring and tracking. The Product Innovation & Realization segment offers R&D services, proprietary products, and contract manufacturing to key customers. NORBIT is headquartered in Trondheim with manufacturing in Europe and North America, has around 600 employees, and a worldwide sales and distribution platform. For more information: www.norbit.com This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and Article 19 of the European Market Abuse Regulation.