NORBIT – New registered share capital

Trondheim, 8 February 2023: NORBIT ASA (the "Company") refers to the announcement on 1 February 2023 and the share capital increase in relation to the acquisition of CPS AS as described therein. This share capital increase was registered with the Norwegian Register of Business Enterprises on 2 February 2023, and the Company's new registered share capital is NOK 5,919,919.80, divided into 59,199,198 shares, each with a par value of NOK 0.10.

For more information, please contact:
Per Jørgen Weisethaunet, CEO, [phone]
Per Kristian Reppe, CFO, [phone]

About NORBIT ASA
NORBIT is a global provider of tailored technology to selected niches, solving challenges and promoting sustainability through innovative solutions, in line with its mission to Explore More. The company is structured in three business segments to address its key markets: Oceans, Connectivity and Product Innovation & Realization (PIR). The Oceans segment delivers tailored technology solutions to global maritime markets. The Connectivity segment provides wireless solutions for identification, monitoring and tracking. The PIR segment offers R&D services, proprietary products, and contract manufacturing to key customers. NORBIT is headquartered in Trondheim with manufacturing in Norway, has around 450 employees, and a worldwide sales and distribution platform.

For more information: www.norbit.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.