Norsk Titanium AS: Share capital increase registered

Oslo, Norway, 28 April 2023: Reference is made to the stock exchange notice by Norsk Titanium AS ("Norsk Titanium" or the "Company") published on 30 March 2023 regarding a share capital increase following a successfully completed private placement in the Company.

Issuance of 3,472,700 new shares resolved by the extraordinary general meeting on 11 April 2023 has been registered with the Norwegian Register of Business Enterprises. Following registration, the share capital of Norsk Titanium is NOK 21,581,452.32 divided into 269,768,154 shares, each share having a par value of NOK 0.08 and carrying one vote in the Company's general meeting.

For more information, please contact:

John Andersen, Chairman of Norsk Titanium AS

Email: John.Andersen@scatec.no

Tel: +47 90 17 40 80

Mike Canario, President and CEO of Norsk Titanium

Email: Michael.Canario@norsktitanium.com

Tel: +1 518 324 4010

Ashar Ashary, VP Finance Norsk Titanium AS

Email: Ashar.Ashary@norsktitanium.com

Tel: +1 518 556 8966

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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