Oslo, Norway ,19 January 2024 : Reference is made to the stock exchange announcement byNorsk Titanium AS (the "Company") on3 November 2023 .Norsk Titanium Cayman Ltd. has completed the process for transfer of shares in the Company toWhite Crystals Ltd. White Crystals Ltd. is a shareholder inNorsk Titanium Cayman Ltd. A total of 76,334,196 shares has been transferred fromNorsk Titanium Cayman Ltd. toWhite Crystals Ltd. , representingWhite Crystals Ltd.'s pro rata portion of the Company's common shares owned byNorsk Titanium Cayman Ltd. Norsk Titanium Cayman Ltd. is a legal person closely associated with Shan E-Abbas Ashary andBart van Aalst , who are both board members ofNorsk Titanium Cayman Ltd. , are also board members of Norsk Titanium. Attached is the notification of the transaction in accordance with the Market Abuse Regulation Article 19. 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 This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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