Oslo, Norway ,9 January 2024 : Reference is made to the stock exchange announcements published byNorsk Titanium AS (the "Company") on14 December 2023 and8 January 2024 regarding a proposed partially underwritten rights issue of shares with preferential rights for existing shareholders in the Company (the "Rights Issue") The extraordinary general meeting of the Company has today, on9 January 2024 , approved all items as proposed by the Board of Directors including the Rights Issue and the issuance of warrants. The minutes from the annual general meeting are enclosed hereto and will also be available on the Company's website (www.norsktitanium.com), in the Investors section. The full terms and conditions for the Rights Issue will be included in a prospectus, which will be published prior to the commencement of the subscription period for the Rights Issue. The subscription period is expected to take place from6 February 2024 09:00 hours (CET) to20 February 2024 at 16:30 (CET).Carnegie AS is acting as manager for the Rights Issue.Advokatfirmaet Selmer AS is acting as legal counsel to the Company, whileAdvokatfirmaet Wiersholm AS is acting as legal advisor to the Manager. For more information, please contact:John Andersen , Chairman ofNorsk Titanium AS Email: John.Andersen@scatec.no Tel: +47 90 17 40 80Carl Johnson , President & CEONorsk Titanium AS Email: Carl.Johnson@norsktitanium.com Tel: +1 518 324 4010Ashar Ashary , CFO Norsk Titanium AS Email: Ashar.Ashary@norsktitanium.com Tel: +1 518 556 8966 AboutNorsk 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 approximatelyUSD 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. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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