Trondheim, 27 July 2023: NORBIT ASA (the “Company”) refers to the announcement made on 4 July 2023 regarding a share issue in connection with incentive share purchase programs to employees. The share capital increase related to the share issue has now been registered in the Norwegian Register of Business Enterprises. The Company’s new share capital is NOK 5,982,074.70, divided into 59,820,747 shares, each with a par value of NOK 0.10

For more information, please contact:

Per Jørgen Weisethaunet, CEO, +47 959 62 915

Per Kristian Reppe, CFO, +47 900 33 203

About NORBIT ASA

NORBIT is a global provider of tailored technology to selected applications, 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. The Oceans segment delivers tailored technology solutions to global maritime markets. The Connectivity segment provides wireless solutions for identification, monitoring and tracking. The Product Innovation & Realization segment offers R&D services, proprietary products, and contract manufacturing to key customers. NORBIT is headquartered in Trondheim with manufacturing in Europe, 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 the Norwegian Securities Trading Act.