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:

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.

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