Norsk Titanium AS — Director's Dealing 2021

Sep 9, 2021

Norsk Titanium AS: Primary insider trading

Norsk Titanium AS: Primary insider trading

Oslo, Norway, 9 September 2021: Disruptive Innovation Fund, L.P. ("Disruptive"), that is a legal person closely associated with Steve D. Geskos, who is a board member of Norsk Titanium AS ("Norsk Titanium"), has on 9 September 2021 acquired 1,944,600 shares in Norsk Titanium (the “Transaction”). The seller is MB Precision Investment Holdings LLC ("MB Precision"). Following the Transaction, Disruptive Innovation Fund, L.P. holds 15,629,325 shares in Norsk Titanium.

The Transaction is entered into directly between Disruptive and MB Precision. In connection with the listing of Norsk Titanium on Euronext Growth Oslo, MB Precision entered into a share lending agreement with NTi Holding AS ("NTi Holding") whereby its shares have been held on a separate Euronext VPS account in the name of NTi Holding. In the Transaction, the shares are redelivered upon the sole discretion and instruction by MB Precision. NTi Holding is not the beneficial owner of the shares and not a seller in the Transaction and will consequently neither increase nor decrease its ownership to shares in Norsk Titanium as a result of the Transaction. NTi Holding is a legal person closely associated with John Andersen, who is the chairman of the board of Norsk Titanium.

Attached are the notifications of the transaction in accordance with the Market Abuse Regulation Article 19.

For more information, please contact:

John Andersen, Chairman of Norsk Titanium

Email: John.Andersen@scatec.no

Tel: +47 90 17 40 80

Mike Canario, President and CEO of Norsk Titanium

Email: Michael.Canario@norsktitanium.com

Tel: +1 518 324 4010

Ashar Ashary, VP Finance Norsk Titanium AS

Email: Ashar.Ashary@norsktitanium.com

Tel: +1 518 556 8966

This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities Trading Act.