Norse Atlantic ASA

Earnings Release • Apr 14, 2023

­­Norse March operational update - Norse Atlantic well positioned for a successful summer

­­Norse March operational update - Norse Atlantic well positioned for a successful summer

· Initial winter 2023 flights out for sale - New York to London and Paris, and

London to Orlando, Los Angeles, Fort Lauderdale-Miami, Washington DC, and Boston

are now available to book until March 2024

· Inaugural flights between Paris and New York JFK took off on 26[th] March

with daily flights between the two popular destinations now available through to

March 2024.

· First UK AOC flight operated on 26[th] March between London and New York JFK

- paving the way for Norse Atlantic to become the largest operator from London

Gatwick to the US this summer with seven destinations on sale now.

Arendal, 14 April 2023: Norse Atlantic Airways has released the initial wave of

winter 2023 flights available for sale including services between London to New

York JFK, Orlando, Los Angeles, Fort Lauderdale-Miami, Washington DC and Boston,

and Paris to New York JFK. The airline additionally marked a double celebration

on 26[th] March with the inaugural flights between Paris and New York JFK and

the first London to New York JFK flight operated by the UK AOC. As a consequence

of the operational launch of the UK AOC the company took the decision to

discontinue the London to Oslo route following low overall demand and poor load

factor performance.

"We are very pleased with the continued momentum of forward bookings across our

network following the launch of our full summer schedule in February which saw

multiple sales records broken on consecutive days. With a sustained focus on

ancillary choice throughout the customer journey and by offering a consistent

approach combined with greater passenger numbers we are looking forward to a

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

During March, Norse Atlantic Airways recorded an aggregate load factor for the

month of 60 per cent, including charter operations, up from 50 per cent the

previous month. Norse Atlantic Airways operated a total 223 flights. 73 per cent

of operated flights arrived within 15 minutes of the scheduled arrival time,

compared to 80 per cent the prior month. Norse Atlantic carried 42,143

passengers in March.

Key traffic figures for March are attached.

Contacts:

Investors: CFO, Ben Boiling, ben.boiling@flynorse.com

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

Norse Atlantic Airways is a new airline that offers affordable fares on long

-haul flights 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 will serve destinations including New York, Los Angeles, Fort

Lauderdale, Orlando, Boston, San Francisco, Washington DC, Oslo, London, Rome,

Berlin and Paris. The Company's first flight took off from Oslo to New York on

June 14, 2022.