Oslo, Norway ,29 February 2024 : Reference is made to the stock exchange announcement byNorsk Titanium AS (the "Company") on21 February 2024 regarding the final results of the partially underwritten rights issue of 229,038,787 new shares in the Company (the "Offer Shares ") raising approx.NOK 188.3 million (equivalent to approx.USD 18 million ) in gross proceeds (the "Rights Issue"). The subscribers in the Rights Issue were allocated one warrant for every twoOffer Shares allocated to them and paid by them in the Rights Issue (the "Warrants"). The Rights Issue resulted in the issuance of 114,519,363 Warrants. The share capital increase relating to the Rights Issue and the issuance of Warrants are now registered with theNorwegian Register ofBusiness Enterprises . The Company's new registered share capital isNOK 41,329,200.16 divided into 516,615,002 shares, each with a nominal value ofNOK 0.08 . Each share represents one vote in the Company's general meeting. The Offer Shares and the Warrants are expected to be delivered to investors and be tradable on or about1 March 2024 and on or about4 March 2024 , respectively. Trading in the Offer Shares on Euronext Growth Oslo with ordinary T+2 settlement may accordingly commence now. 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 For information about the Rights Issue, please contactCarnegie AS (the "Manager"): +47 22 00 93 40 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. 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 the Company on LinkedIn.
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