Oslo, Norway, 27 August 2025: Reference is made to the stock exchange
announcement by Norsk Titanium AS (the "Company") on 21 August regarding the
completion of a private placement raising gross proceeds of approximately NOK
183 million (the "Private Placement"), and the effectuation of a share loan
under a share lending agreement between the Company, its shareholder Scatec
Innovation AS, and Arctic Securities and Pareto Securities as managers in the
Private Placement, the purpose of which is to facilitate delivery-versus-payment
settlement in tranche 1 and tranche 2 of the Private Placement (the "Share
Lending Agreement").

The new shares issued by the Company in tranche 1 of the Private Placement shall
be used for re-delivery of shares under the Share Lending Agreement. 

Today, following the registration in the Norwegian Register of Business
Enterprises of the share capital increase pertaining to the Company's board of
directors' resolution on 21 August 2025 to issue 77,717,000 offer shares in
tranche 1 of the Private Placement, of which Scatec Innovation AS subscribed for
30,410,945 offer shares,  47,306,055 new shares will be redelivered to Scatec
Innovation AS in accordance with the Share Lending Agreement. Please see the
enclosed forms for further details pursuant to article 19 of the EU Market Abuse
Regulation. 

The Company's new registered share capital is NOK 70,493,562.08 divided into
881,169,526 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 

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

This information is published in accordance with the requirements of the
Continuing Obligations for companies listed on Euronext Growth Oslo,  section
5-12 of the Norwegian Securities Trading Act and article 19 of the EU Market
Abuse Regulation. 

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 installed production capacity to generate annual revenues of
approximately USD 300 million, 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. For the latest
news, go to www.norsktitanium.com or follow us on LinkedIn..com or follow the
Company on LinkedIn.