Norsk Titanium has appointed Fabrizio Ponte new Chief Executive Officer

Oslo, September 9, 2025: Norsk Titanium AS (Euronext: NTI, OTCQX: NORSF), a global leader in additive manufacturing for aerospace-grade structural titanium components using its patented Rapid Plasma Deposition® (RPD®) technology, today announces the appointment of Fabrizio Ponte as Chief Executive Officer.

Mr. Ponte joins Norsk Titanium from the position as Executive Vice President and Head of Thermoplastics Composites at Syensqo SA, a global leader in composites and other high-performance materials (Euronext: SYENS). Mr. Ponte will assume the position as CEO of Norsk Titanium on October 8.

“Fabrizio Ponte brings extensive international experience in scaling businesses alongside demanding customers in highly regulated industries, including aerospace and defense, energy and beyond. Coupled with a strong entrepreneurial mindset, this makes him exceptionally well equipped to lead Norsk Titanium through the successful commercialization of our globally leading technology”, said John Andersen, Jr., Chair of the Board.

Syensqo was formerly a part of Solvay, and during his more than 26 years with Solvay and Syensqo, Mr. Ponte held executive management positions in Italy, China and the US, spanning general management, commercial operations, country leadership, strategy and communications. He holds a degree in Economics and Commerce from the University of Turin and an Executive MBA from Fox Business School at Temple University. Mr. Ponte is an Italian citizen with a permanent US residency. He currently resides with his family in Atlanta, Georgia.

Mr. Carl Johnson will reassume the position as Chief Technology Officer, a position he held for seven years before he was appointed CEO.

“I would like to thank Carl for his significant contributions during his tenure as CEO”, said John Andersen, Jr. “Carl played an instrumental role in qualifying the RPD® technology with key customers, most notably Airbus. As we work to expand our customer base both in the US and internationally, I am very pleased that we can continue to rely on Carl as a highly respected authority on additive manufacturing across all our key market segments”, Mr. Andersen added.

Additional information:

As part of the compensation package, the Board of Directors of Norsk Titanium has resolved to grant Mr. Ponte seven million Performance Share Units (“PSUs”), with each PSU at vesting giving the right to subscribe for one share at par value. The PSUs will vest in full on December 31, 2029, provided that the market capitalization of Norsk Titanium is USD 400 million or higher. 75% of the PSUs will vest at market capitalizations between USD 300 million and USD 399 million, and 50% of the PSUs will vest at market capitalizations between USD 200 million and USD 299 million. No PSUs will vest if the market capitalization is below USD 200 million. The total value of the PSUs granted is capped at USD 4 million.

Contact details:

John Andersen, Jr., Chair of the Board of Norsk Titanium AS

Email: john.andersen@scatec.no

Tel: +47 90 17 40 80

Important notice:

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock exchange announcement was published by Gail Balcerzak, Chief Legal and People Officer, Norsk Titanium, at the time and date stated above in this announcement.