Trondheim, 13 June 2023: NORBIT ASA announces a joint investment with venture
funds Sarsia and ProVenture in Enua AS, an electric vehicle (EV) charger
company. This underpins NORBIT's commitment to contribute to the green
transition.

Enua provides an innovative portable EV charger that simplifies charging by
offering users freedom and flexibility to meet their changing needs. The NORBIT
R&D team in Trondheim has supported Enua with hardware development and
industrialisation. The joint investment with Sarsia and ProVenture will bring in
expertise, experience, and scalability in Enua.

"In Enua, we believe in a future where technology brings us closer to nature.
Electric freedom is a step towards this. Teaming up with NORBIT, Sarsia and
ProVenture brings in the necessary competence and capabilities to help us
realise this vision" says Torben Aune, CEO in Enua.

Manufacturing of the chargers will be carried out from NORBIT's factory in
Selbu. Related revenues will be reported within NORBIT's Product Innovation and
Realization (PIR) segment.

"We find the electrification trend attractive and see a continued strong demand
for manufacturing capabilities and competence in Europe generally and in Norway
specifically. Enua constitutes a team of innovative and dynamic people
developing new and unconventional solutions, fitting well with NORBIT's core
purpose of exploring more. We look forward to contributing to the industrial
scalability of Enua" says Per Jørgen Weisethaunet, CEO in NORBIT.

For further queries, 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 company providing tailored technology to selected
applications, by solving challenges 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 (PIR). The Oceans segment delivers tailored technology solutions
to global maritime markets. The Connectivity segment provides tailored wireless
solutions for identification, monitoring and tracking. The PIR segment offers
R&D services, proprietary products, and contract manufacturing to key customers.
NORBIT has around 450 employees, with headquarter in Trondheim, R&D and
manufacturing in Norway and Hungary, and a worldwide sales and distribution
platform.

For more information: www.norbit.com (http://www.norbit.com)

About Enua AS
Enua is a technology company developing innovative EV charging solutions, based
in Trondheim, Norway. We have developed an EV charger that users can bring with
them in order to make EV charging flexible and easy to adapt to changing needs,
because driving electric should be an experience of freedom and flexibility. The
company was established in 2021 by ex-Tesla employees. The company has 9
employees.

For more information: www.enua.no (http://www.enua.no)