Norse Atlantic ASA

Norse Atlantic ASA: Mandatory notifications of trade - granting of share options to primary insiders

23 November 2023: Reference is made to the stock exchange notice by Norse

Atlantic ASA (the "Company") on 8 May 2023 regarding the Company's share option

program for members of the Company's senior management and selected key

employees. The further details of the share option program are set out in the

Company's report for the third quarter of 2023.

The Company's board of directors has resolved to grant a total of 1,250,000 new

share options under the share option program, each at a strike price of NOK

12.38. Each share option granted under the program carries the right to acquire

one share in the Company. Following the new grant, the total number of

outstanding share options in the Company is 4,093,750, equal to approximately

5.4% of the shares currently outstanding in the Company.

The following primary insiders have been granted share options:

· Anders Hall Jomaas (Chief Financial Officer) has been granted 500,000 share

options. Following the grant, Anders holds 20,000 shares and 500,000 share

options in Norse.

· Bjørn Christian Heimdal Larsen (advisor to the CEO) has been granted 750,000

share options. Following the grant, Bjørn holds 50,000 shares and 750,000 share

options in Norse.

See the enclosed forms for further details about the transactions of the primary

insiders.

For further information, please contact:

Investors: CFO, Anders Jomaas, [email protected]

Media: SVP Communications, Philip Allport, [email protected]

About Norse

Norse Atlantic Airways is an airline that offers affordable fares on long-haul

flights, primarily between Europe and the United States. The company was founded

by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has a fleet

of 15 modern, fuel-efficient and more environmentally friendly Boeing 787

Dreamliners that serve destinations including New York, Los Angeles, Orlando,

Boston, Washington, Boston, Jamaica, Barbados, Bangkok, Miami, Oslo, London,

Berlin, Rome and Paris. The company's first flight took off from Oslo to New

York on June 14, 2022.

This information is subject to the disclosure requirements in Regulation EU

596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities

Trading Act.

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