Norse Atlantic ASA

Norse Atlantic ASA: Announcement of investor meetings related to convertible bond

Arendal, Norway, 19 August 2025 - Norse Atlantic ASA (the "Company") has

mandated Arctic Securities, Pareto Securities and SpareBank 1 Markets as joint

bookrunners to arrange a series of investor calls commencing today, 19 August

A new 2-year senior unsecured convertible bond issue with an issue amount of USD

30 million (the"Bond Issue") will follow, subject to inter alia market

conditions. The Bond Issue is guaranteed in full by a consortium consisting of

Songa Capital AS, B T Larsen & Co and funds managed by Borea Asset Management.

The net proceeds of the Bond Issue will be applied towards refinancing of

existing debt and general corporate purposes.

Completion of the contemplated Bond Issue will be conditional upon the

extraordinary general meeting (the "EGM") approving the authorisation for the

board of directors to complete the Bond Issue.

A notice for the EGM, to be held on 9 September 2025, will be announced

separately. The Company has received irrevocable voting undertakings from Songa

Capital AS and B T Larsen & Co, the Company's two largest shareholders, to vote

in favour of the proposed resolutions at the EGM.

Contacts:

Investors: CFO, Anders Hall Jomaas, [email protected]

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 MAR article 17 and the Norwegian Securities Trading Act section 5

-12.

This stock exchange announcement was published by Anders Hall Jomaas on the time

and date provided.

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