Oslo, Norway ,24 June 2021 : Reference is made to the stock exchange notice byNorsk Titanium AS ("Norsk Titanium" or the "Company") published on16 June 2021 regarding a share capital increase following the exercise of the greenshoe option in connection with the private placement as further described in the stock exchange notice published by the Company on6 June 2021 . The issuance of 1,233,135 new shares has been registered with theNorwegian Register ofBusiness Enterprises . Following registration, the share capital of Norsk Titanium isNOK 16,951,710.80 divided into 211,896,385 shares, each share having a par value ofNOK 0.08 and carrying one vote in the Company's general meeting. For more information, please contact:John Andersen , Chairman ofNorsk Titanium AS Email: John.Andersen@scatec.no Tel: +47 90 17 40 80Mike Canario , President and CEO of Norsk Titanium Email: Michael.Canario@norsktitanium.com Tel: +1 518 324 4010Ashar Ashary , VP Finance Norsk Titanium AS Email: Ashar.Ashary@norsktitanium.com Tel: +1 518 556 8966 About Norsk Titanium:Norsk Titanium AS was founded in 2007 inNorway , and has pioneered the use of its patented additive manufacturing process, Rapid Plasma DepositionTM (RPDTM). Through itsNew York based subsidiary,Norsk Titanium US Inc. , it has been supplying flight qualified structural components since 2017. The company is distinguished in the aviation industry by its proprietary RPDTM technology that transforms titanium wire into complex components suitable for structural and safety-critical applications. Norsk Titanium is a supplier toBoeing ,Spirit AeroSystems , Leonardo and GKN and is committed to cost-reducing aerostructures and jet engines for the world's premier aerospace manufacturers. RPDTM is the world's first FAA-approved process for manufacturing 3D-printed, structural titanium, delivering substantial lead-time and cost savings for aerospace, defense and commercial customers. This information is subject to the disclosure requirements pursuant to Euronext Growth Oslo Rule Book - Part II.
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