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Norsk Titanium AS: Engaged BNP Paribas to Advise on Strategic Alternatives

Oslo, Norway, September 8, 2023: Reference is made to the stock exchange announcement of 30 August 2023 and Norsk Titanium’s First Half 2023 report, regarding the Company’s evaluation of additional investments and other strategic alternatives to secure necessary funding for continued operations. In furtherance of this objective, Norsk Titanium has engaged BNP Paribas to assist in the exploration of strategic alternatives, which could include a full range of strategic, business and financial alternatives, including, but not limited to, investments, mergers and acquisitions, and joint ventures, strategic partnerships or alliances with well-established companies who are interested in leveraging Norsk Titanium’s unique capabilities in Directed Energy Deposition (DED) additive manufacturing for aerospace grade titanium components.

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For more information, please contact:

Mike Canario, President and CEO, Norsk Titanium

Email: Michael.Canario@norsktitanium.com

Tel: +1 518 324 4010

Ashar Ashary

Chief Financial Officer, Norsk Titanium

Email: Ashar.Ashary@norsktitanium.com

Tel: +1 518 556 8966

About Norsk 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 700 MT of production capacity, 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

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