Oslo, Norway, 1 July 2026: Reference is made to the stock exchange announcement
on 12 May 2026 where Norsk Titanium AS ("Norsk Titanium" or the "Company")
announced that the general meeting of the Company had resolved to continue its
long-term incentive program (the "LTIP"). In connection with the LTIP, the board
of directors was authorised to administrate the LTIP and to increase the
Company's share capital in order to execute the LTIP.
According to the authorisation the board of directors resolved to make a new
total grant of 23,993,998 restricted share units ("RSUs") and performance shares
("Performance Shares") in accordance with the LTIP. The total number of RSUs and
Performance Shares granted by the board of directors equals 2.07% of total
shares issued in the Company. Such grants are being made as of 1 July 2026.
The granted RSUs are subject to a time-based vesting. Of the total granted, 50%
will vest rateably on each of the first three anniversaries of the grant date.
Vesting of the Performance Shares is based on the achievement of financial or
other performance goals. The number of Performance Shares that vest will be
decided by the board of directors after year end 2028 with vesting within 30
days. RSUs and Performance Shares are automatically exercised at vesting with an
exercise price corresponding to the par value of the shares being NOK 0.08.
Of the total grant the following was granted to primary insiders:
o Ashar A. Ashary was granted 812,144 RSUs and 812,144 Performance Shares
o Gail A. Balcerzak was granted 852,162 RSUs and 852,162 Performance Shares
o Nicholas Mayer was granted 743,091 RSUs and 743,091 Performance Shares
o Jack Adams was granted 509,818 RSUs and 509,818 Performance Shares
o Khazeem Adesokan was granted 677,847 RSUs and 677,847 Performance Shares
o Anne Lene Gullen Bråten was granted 306,336 RSUs and 306,336 Performance
Shares
Primary insider notifications pursuant to the market abuse regulation article 19
are attached.
For more information, please contact:
Ashar Ashary, CFO of Norsk Titanium AS
Email: Ashar.Ashary@norsktitanium.com
Tel: +1 518 556 8966
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® (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. For
the latest news, go to www.norsktitanium.com or follow us on LinkedIn.
This information is subject to the disclosure requirements pursuant to the
market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading
Act.
market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading\
Act.\