Norse Atlantic ASA

Earnings Release • Aug 10, 2023

­­Norse Atlantic July operational update - 85 per cent load factor and  continued strong summer demand with robust operational performance

­­Norse Atlantic July operational update - 85 per cent load factor and  continued strong summer demand with robust operational performance

· 85 per cent load factor for the month of July marks fifth consecutive month on

month increase.

· Norse Atlantic surpassed the milestone of one million booked passengers,

clearly demonstrating the strong demand for long haul low cost travel.

· Announcement of expanded winter schedule with new direct flights from Paris

and Berlin to Miami.

Arendal, 10[th] July 2023: During July, Norse Atlantic Airways recorded an

aggregate load factor for the month of 85 per cent, an increase of two per

centage points compared to the previous month and the fifth month in row that

the company has recorded an increase in load factor. Norse Atlantic Airways

operated a total 524 flights, an increase of 173 flights compared to the

previous month. 62.5 per cent of operated flights arrived within 15 minutes of

the scheduled arrival time. The company operated 100 per cent of scheduled

flights for the third consecutive month. Norse Atlantic carried 150,621

passengers in July, an increase of 53,594 compared to the previous month.

Norse Atlantic Airways announced the launch of new direct flights connecting

Paris to Miami from 11th December 2023 and Berlin to Miami from 15th December

2023 as part of its upcoming winter schedule. With the addition of these new

routes, Norse Atlantic Airways continues to strengthen its position as a leading

carrier for European passengers seeking affordable winter sun destinations.

During the month Norse Atlantic surpassed the milestone of one million booked

passengers since the launch of ticket sales in April 2023.

"Norse Atlantic achieved a number of record figures in July including 524 flown

flights - the largest number of flights operated in our history, and over

150,000 passengers flown in a month - marking the first time that Norse Atlantic

has carried over 100,000 passengers, all while maintaining a high load factor of

85 per cent. These figures clearly demonstrate the demand for long haul low cost

travel and the success of our summer route network. I am especially proud of our

track record of operating 100 per cent of scheduled flights for the third

consecutive month.

For the winter season we will continue to focus on winter sun destinations and I

am pleased that we are now able to offer direct flights between Paris and Berlin

to Miami.

In July we celebrated surpassing one million booked passengers since our launch

in April 2023 and I would like to thank each one of our customers for choosing

to fly with Norse. Our brand presence and awareness continue to grow on both

sides of the Atlantic and we look forward to building on this momentum in the

months ahead," said Bjorn Tore Larsen, CEO Norse Atlantic Airways.

Key traffic figures for July are attached.

Contacts:

Investors: CFO, Anders Jomaas, Anders.Jomaas@flynorse.com

Media: SVP Communications, Philip Allport, philip.allport@flynorse.com

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, Fort

Lauderdale, Orlando, Boston, Washington, San Francisco, Boston, Jamaica,

Barbados, Miami, Oslo, London, Berlin, Rome and Paris. The company's first

flight took off from Oslo to New York on June 14, 2022.