Norsk Titanium AS: Mandatory notification of trade

Oslo, 18 June 2026. Reference is made to the announcement by Norsk Titanium AS ("Norsk Titanium" or the "Company") on 18 June 2026 regarding the completion of a private placement of new shares in the Company with gross proceeds of NOK 260,000,000 (the "Private Placement") by the allocation of a total of 260,000,000 new shares in the Company (the "Offer Shares") each at a subscription price of NOK 1.00 per Offer Share (the "Subscription Price").

In connection with the Private Placement, the following close associates of persons discharging managerial responsibilities were allocated Offer Shares at the Subscription Price, as set out below:

• Scatec Innovation AS, a legal person closely associated with John Andersen, chairman of the board of the Company, was allocated 42,705,000 Offer Shares;
• White Chrystals Ltd, a legal person closely associated with Tarek Hegazy, a board member of the Company, was allocated 42,705,000 Offer Shares.

Reference is further made to the stock exchange announcement made by the Company today regarding the settlement of 130,460,200 Offer Shares in tranche 1 in the Private Placement ("Tranche 1" and the "Tranche 1 Offer Shares") through a share lending agreement entered into between the Company, the Managers, and Scatec Innovation AS as the lender (the "Share Lender") (the "Share Lending Agreement"). The Share Lender has today, pursuant to the Share Lending Agreement and in connection with the Private Placement, lent out 130,460,200 ordinary shares in order to facilitate DVP settlement of the Tranche 1 Offer Shares in the Private Placement (the "Share Lending").

The Share Lending is made solely for settlement purposes and will be returned upon registration of the share capital increase for issuance of the Tranche 1 Offer Shares in the Private Placement.

Please find the enclosed form of notifications pursuant to the Market Abuse Regulation article 19.

For more information, please contact:

John Andersen, Chairman of Norsk Titanium AS

Email: John.Andersen@scatec.no

Tel: +47 90 17 40 80

Fabrizio Ponte, President and CEO of Norsk Titanium

Email: Fabrizio.ponte@norsktitanium.com

Tel: +1 404 426 2270

Ashar Ashary, CFO 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.