Norse Atlantic ASA

Norse Atlantic ASA: Approval and publication of prospectus supplement

Arendal, 24 April 2023: Reference is made to the stock exchange announcement by

Norse Atlantic ASA (the "Company") on 11 April 2023 regarding the approval and

publication of a prospectus, on 12 April 2023 regarding approval and publication

of a prospectus supplement, and on 20 April 2023 regarding the successful

completion of a subsequent offer of new shares in the Company (the "Subsequent

Offering").

The Financial Supervisory Authority of Norway has today approved a prospectus

supplement, dated 24 April 2023 (the "Prospectus Supplement"), to the prospectus

dated 11 April 2023, as supplemented by the prospectus supplement dated 12 April

2023 (together, the "Prospectus"). The Prospectus Supplement has been prepared

due to the publication of audited financial statements as of and for the year

ended 31 December 2022, in accordance with article 23 of the EU Prospectus

Regulation (Regulation (EU) 2017/1129 of the European Parliament and of the

Council of 14 June 2017 and ancillary regulation), as implemented under

Norwegian law. The information contained in the Prospectus Supplement shall be

considered an integral part of, and is to be read together with, the Prospectus.

The Prospectus has been prepared by the Company in connection with the

Subsequent Offering and the contemplated transfer the listing venue of its

shares from Euronext Growth to Euronext Expand, a regulated market being part of

Euronext and operated by Oslo Børs ASA. The first day of trading on Euronext

Expand is, subject to approval by Oslo Børs ASA of the admission, expected to be

28 April 2023.

For further information, please contact:

Ben Boiling, CFO

Phone: +47 912 40 945

About Norse Atlantic ASA:

Norse Atlantic Airways is a new 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, Washington DC, San Francisco, Boston, 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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