Norsk Titanium AS: Share Capital Increase Registered

Oslo, Norway, 12 December 2024: Reference is made to the stock exchange announcement by Norsk Titanium AS (the "Company") on 2 December 2024 regarding the final results of the final exercise period for the warrants ("Warrants"), which resulted in an issuance of 135,298,647 new shares in the Company to investors having exercised Warrants, as well as the resolution by the Board of Directors of the Company to issue 497,893 new shares pursuant to the additional commitment provided by Global Portfolio Investments, as described in the stock exchange announcement from the Company on 14 November 2024.

The share capital increase pertaining to the issuance of the new shares is now registered with the Norwegian Register of Business Enterprises. After this, the Company's new registered share capital is NOK 64,170,749.20 divided into 802,134,365 shares, each with a nominal value of NOK 0.08.

For more information, please contact:

Ashar Ashary, CFO Norsk Titanium AS
Email: Ashar.Ashary@norsktitanium.com
Tel: +1 518 556 8966

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