Oslo, Norway - 16 July 2026 - Norsk Titanium AS (Euronext Growth Oslo: NTI,
OTCQX: NORSF) today announced that it has received a purchase order from
Hittech, with an estimated revenue for Norsk Titanium of approx. USD 1.5 million
covering deliveries through the end of Q1 2027. In addition, Hittech has
provided a non-binding forecast under the companies' expanded semiconductor
collaboration, indicating annual revenues from semiconductor deliveries
exceeding USD 2.8 million in 2027 as production continues to scale.

The purchase order and non-binding forecast together reflect continued demand
from leading customers in the semiconductor equipment supply chain, particularly
in advanced lithography-related applications, where precision, material
integrity, and repeatable performance are critical. The sales forecast is
expected to be converted to purchase orders on a rolling quarter-by-quarter
basis to support efficient planning, raw material sourcing, and production
readiness as volumes increase.

This follows Norsk Titanium's announcement on 7 May 2026 that the company and
Hittech have expanded their semiconductor collaboration to support AI-driven
semiconductor growth through 2027. 

Norsk Titanium's proprietary Rapid Plasma Deposition® technology has replaced
legacy titanium forged blocks in the manufacturing of large titanium carrier
trays for Hittech and its end-customer. The near-net-shape RPD® performs reduce
machining requirements, improve material utilization, and support a more
efficient and scalable production model. Norsk Titanium and Hittech are also
collaborating to assume selected initial machining operations currently
performed downstream, allowing Hittech to further streamline operations and
increase throughput, and enabling Norsk Titanium to capture additional value in
the manufacturing process. 

"We are encouraged by the continued growth outlook in our semiconductor
collaboration with Hittech," said Fabrizio Ponte, CEO of Norsk Titanium. "The
purchase order and 2027 forecast provide further visibility into the expected
scale-up of semiconductor-related deliveries and support our expectation that
this market will become a significant and revenue contributor for Norsk
Titanium."

With reference to Norsk Titanium AS' ongoing subsequent offering, a supplement
to the national prospectus dated 8 July 2026 prepared in accordance with chapter
7 of the Norwegian Securities Trading Act will be drawn up and published
separately. 

For more information, please contact:
Fabrizio Ponte
CEO, Norsk Titanium AS
Email: Fabrizio.Ponte@norsktitanium.com
Tel: +1 404 426 2270
About Norsk Titanium

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® technology
and installed production capacity to generate annual revenues of approximately
USD 300 million, 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
prime defense contractors and industrial customers. For the latest news, go to
www.norsktitanium.com or follow us on LinkedIn.

Important information

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 A. Balcerzak, Chief Legal and People
Officer of Norsk Titanium AS, at the time and date stated above in this
announcement.

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities. The distribution of this
announcement and other information may be restricted by law in certain
jurisdictions. Copies of this announcement are not being made and may not be
distributed or sent into any jurisdiction in which such distribution would be
unlawful or would require registration or other measures. Persons into whose
possession this announcement or such other information should come are required
to inform themselves about and to observe any such restrictions. 

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although Norsk Titamium AS believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its control.


The information, opinions and forward-looking statements contained in this
announcement speak only as at its date and are subject to change without notice.
Norsk Titanium AS undertakes no obligation to review, update, confirm, or to
release publicly any revisions to any forward-looking statements to reflect
events that occur or circumstances that arise in relation to the content of this
announcement, other than as required by law. 

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of Norsk Titanium AS. Neither Norsk
Titanium AS nor its advisors accept any liability arising from the use of this
announcement. 
o buy or sell any securities of Norsk Titanium AS. Neither Norsk\
Titanium AS nor its advisors accept any liability arising from the use of this\
announcement. \