6.2.2024 20:41:25 CET | Tekna Holding ASA | Additional regulated information
required to be disclosed under the laws of a member state

(Arendal, NORWAY / Sherbrooke QC, CANADA) Tekna Holding ASA (Tekna, OSE: TEKNA),
a world-leading provider of advanced materials to industry, makes a provision of
CAD 4.0 million in the fourth quarter 2023 related to one joint venture. This
provision for bad debt on receivables is considered non-recurring. The expense
will be excluded from Tekna's Adjusted EBITDA and will have no cash effect.

The 50/50 joint venture was established with a business partner in 2020 to
produce and market nickel alloy powders. The entry into this market has proven
less profitable than anticipated due to the market conditions, and the joint
venture has been loss making since the inception. The losses have been funded by
the joint venture partners. Tekna has reported its share of these losses, an
accumulated total of CAD 5.6 million, as loss on associated company.

Even though no formal decision has been made by the joint venture partners,
Tekna considers it unlikely that the business activities of the joint venture
will continue unchanged. Tekna expects that the contemplated changes will have a
positive impact on cash flow going forward.

To accelerate the path to profitability and improve cash flow further, Tekna is
focusing its efforts to produce and market the higher margin products of
titanium and aluminum as well as the development of nano nickel powders for the
high-end multi-layer ceramic capacitator (MLCC) industry.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Arina Van Oost, Investor Relations | VP Corporate Strategic Development &
   Innovation, Tekna Holding ASA, +14388856330, +33670115190,
   investors@tekna.com 

ABOUT TEKNA HOLDING ASA

Tekna is a world-leading provider of advanced materials to industry,
headquartered in Sherbrooke, Canada.

Tekna produces high-purity metal powders for applications such as 3D printing in
the aerospace, medical and automotive sectors, as well as optimized induction
plasma systems for industrial research and production. With its unique,
IP-protected plasma technology, the company is well positioned in the growing
market for advanced nanomaterials within the electronics and batteries
industries.

Building on 30 years of delivering excellence, Tekna is a global player
recognized for its quality products and its commitment to its large base of
multinational blue-chip customers. Tekna's powder products increase productivity
and enable more efficient use of materials, thereby paving the way towards a
more resilient supply chain and circular economy.

https://www.tekna.com



ATTACHMENTS

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