NTI: Norsk Titanium lists on Euronext Growth after successful USD 38 million capital raise

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OSLO, NORWAY - May 18, 2021 - Norsk Titanium AS ("Norsk Titanium"), a global
leader in the additive manufacturing of aerospace-grade titanium components,
today has its first day of trading on Euronext Growth in Oslo, Norway, a
multilateral trading facility operated by the Oslo Stock Exchange, under the
ticker code NTI.

The listing follows a successful share capital increase through a private
placement that raised approximately USD 38 million . Leading shareholders
represented on the Board of Directors participated in the private placement with
USD 15 million, and the Norwegian family-owned investment company Ferd AS
participated with USD 10 million. Norsk Titanium intends to use the proceeds
from the private placement to fund planned growth initiatives. 

"This is a momentous day for Norsk Titanium," said Michael Canario, Norsk
Titanium's CEO. 

"The funding enabled through the Euronext Growth listing will support our
ongoing development activities with our commercial customers as well as
assisting the transition of our technology into new markets such as defense and
industrial applications. I would like to thank our advisors and the
extraordinary team at Norsk Titanium that made this possible."

"Norsk Titanium is innovating the future of metal and is uniquely positioned to
disrupt the titanium manufacturing industry. We are addressing a large market
opportunity, and the listing on Euronext Growth provides access to the capital
required to industrialize our technology at scale," says John Andersen, Chairman
of Norsk Titanium AS and CEO of Scatec Innovation AS.

Please find enclosed the Admission Document and a brief Company Presentation.

About Norsk Titanium:
Norsk Titanium AS was founded in 2007 in Norway, and has pioneered the use of
its patented additive manufacturing process, Rapid Plasma DepositionTM (RPDTM).
Through its New York based subsidiary, Norsk Titanium US Inc., it has been
supplying flight qualified structural components since 2017.

The company is distinguished in the aviation industry by its proprietary RPDTM
technology that transforms titanium wire into complex components suitable for
structural and safety-critical applications. Norsk Titanium is a supplier to
Boeing, Spirit AeroSystems, Leonardo and GKN and is committed to cost-reducing
aerostructures and jet engines for the world's premier aerospace manufacturers.
RPDTM is the world's first FAA-approved process for manufacturing 3D-printed,
structural titanium, delivering substantial lead-time and cost savings for
aerospace, defense and commercial customers.

For the latest news, go to www.norsktitanium.com or follow us on Twitter
(https://twitter.com/norsktitanium) and LinkedIn
(https://www.linkedin.com/company/norsk-titanium-components-as). 

Advisors:

Carnegie AS and Skandinaviska Enskilda Banken AB (publ) (the "Managers") acted
as Joint Global Coordinators and Joint Bookrunners in connection with the
private placement and listing. Advokatfirmaet Selmer AS acted as legal advisor
to Norsk Titanium, while Advokatfirmaet Wiersholm AS acted as legal advisor to
the Managers.

For more information, please contact: 

John Andersen, Chairman of Norsk Titanium 
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

For more information regarding Euronext Growth, please visit www.euronext.com. 

Important notice:

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. Copies of
this announcement are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act.

In any EEA Member State, this communication is only addressed to and is only
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Prospectus Regulation, i.e., only to investors who can receive the offer without
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Regulation" means Regulation (EU) 2017/1129 as amended (together with any
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in the United Kingdom that are (i) investment professionals falling within
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Matters discussed in this announcement may constitute forward-looking
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similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believe that these assumptions were reasonable
when made, these assumptions are inherently subject to significant known and
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events may differ significantly from any anticipated development due to a number
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Such risks, uncertainties, contingencies and other important factors could cause
actual events to differ materially from the expectations expressed or implied in
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guarantee that the assumptions underlying the forward-looking statements in this
announcement are free from errors nor does it accept any responsibility for the
future accuracy of the opinions expressed in this announcement or any obligation
to update or revise the statements in this announcement to reflect subsequent
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The information, opinions and forward-looking statements contained in this
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