Norse Atlantic ASA

72% Load Factor in February Representing Strong Year On Year Improvement of 22 percentage points

February marked another month of continued year on year positive performance.

The month saw an average load factor of 72 per cent, representing an increase of

22 percentage points (p.p.) year on year. During February, Norse Atlantic

Airways had 50,694 passengers across 225 flights, including 30 charter flights.

82 per cent of flights arrived within 15 minutes of their scheduled arrival time

with a completion rate of 100 per cent.

"The ability for Norse to be agile and quickly respond to market demand remains

our core strength and the result of previously adjusted winter capacity has led

to a strong February load factor. Our charter operations continue to grow, with

30 being completed during the month, and we are looking forward to commencing

ACMI operations with Air Peace in April and launching their first flight between

Lagos, Nigeria, and London.

I am also pleased to note that February represented a record month in regards to

average bookings made per day. In addition, we have simplified and relaunched

our website, flynorse.com, to improve the customer experience," said Bjorn Tore

Larsen, CEO and Founder Norse Atlantic Airways.

Key traffic figures for February are attached.

Contacts:

Investors: CFO, Anders Jomaas, [email protected]

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

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,

Jamaica, Barbados, Bangkok, Miami, Oslo, Athens, London, Berlin, Rome and Paris.

The company's first flight took off from Oslo to New York on June 14, 2022.

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