The board of directors of Norsk Titanium AS has received a notification of resignation from the board member Steve D. Geskos with immediate effect. Until recently, Mr. Geskos was a Managing Partner of Rose Park Advisors. Upon his resignation from Rose Park Advisors, Mr. Geskos advised the Company that he would also be resigning from the board of directors of Norsk Titanium.

The remaining board members of Norsk Titanium will constitute the board of directors after Steve Geskos' resignation until the annual general meeting of the company in 2023. Further to the above, Mr. Geskos will not stand for re-election at the upcoming annual general meeting as previously stated in the notice. The nomination committee has been informed of Mr. Geskos resignation and it is sought to present a replacement at the latest in the general meeting.