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Norsk Titanium AS: Last Day of Trading in Subscription Rights

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Oslo, Norway, 14 February 2024: Reference is made to the previous stock exchange announcements from Norsk Titanium AS (the "Company") regarding the partially underwritten rights issue of between 221,343,874 and 273,639,404 new shares in the Company (the "Offer Shares") at a subscription price of NOK 0.82225, raising gross proceeds of up to NOK 225 million (the "Rights Issue"). In addition, the subscribers in the Rights Issue will be allocated one warrant for every two Offer Shares allocated to them and paid by them in the Rights Issue (the "Warrants"). The Company will issue between 110,671,937 and 136,819,702 Warrants.

The trading period in the subscription rights in the Rights Issue (the "Subscription Rights") with ticker "NTIT" expires at close of trading today, 14 February 2024, at 16:30 (CET).

The subscription period for subscribing for new shares in the Rights Issue (the "Subscription Period") expires at 16:30 (CET) on 20 February 2024. Subscription Rights that are not used to subscribe for Offer Shares before the expiry of the Subscription Period, or that are not sold before closed of trading today, 14 February 2024, at 16:30 (CET) will have no value and will lapse without compensation to the holder.

For more information, and the complete terms and conditions of the Rights Issue, please refer to the prospectus dated 5 February 2024 (the "Prospectus"). The Prospectus, including the subscription form, is, subject to applicable local securities laws, available at the websites of the Company (www.norsktitanium.com) and Carnegie AS (www.carnegie.no/ongoing-prospectuses-and-offerings/).

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

For information about the Rights Issue, please contact Carnegie AS (the "Manager"): +47 22 00 93 40

This information is published in accordance with the requirements of the Continuing Obligations for companies listed on Euronext Growth Oslo and section 5-12 of the Norwegian Securities Trading Act.

About Norsk Titanium AS

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

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