Norse Atlantic ASA

Report Publication Announcement • Apr 28, 2023

Norse Atlantic ASA: First day of trading on Euronext Expand

Norse Atlantic ASA: First day of trading on Euronext Expand

· Oslo Børs has approved the admission of Norse Atlantic ASA´s shares to trading

on Euronext Expand

· 28 April 2023: Norse Atlantic Airways first day of listing on Euronext

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Photo: Thomas Brun/NTB

Arendal, 28 April 2023: As of today, 28 April 2023, the shares of Norse Atlantic

ASA (the "Company" or "Norse") with ticker code "NORSE" start trading on the

Oslo Stock Exchange regulated market Euronext Expand, moving up from the MTF

market Euronext Growth.

Ahead of the first day of trading, the company satisfies the admission

requirements for Euronext Expand as stipulated by Oslo Børs.

Reference is further made to the stock exchange announcement published by Norse

on 20 April 2023 regarding the successful completion of a subsequent offer of

60,000,000 new shares ("Offer Shares") in the Company (the "Subsequent

Offering"). The Offer Shares will be tradable on Euronext Expand on 2 May 2023.

The record date in the reverse share split is today, 28 April 2023, and is

expected to be fully completed and reflected in the VPS on 2 May 2023.

Bjørn Tore Larsen, CEO of Norse Atlantic Airways, said: "Moving to the regulated

markets of Oslo Børs has been a key objective for us, so today marks an

important milestone for Norse Atlantic Airways in our pursuit to become a leader

in the international low-cost, long-haul market. Since listing the company on

Euronext Growth when we established Norse about two years ago, we have made good

progress in our goal to become the first sustainable low-cost, long-haul

airline. We are excited to continue our growth journey, and we look forward to

welcoming new investors on board."

Eirik Høiby Ausland, Head of Listing Nordics at Oslo Stock Exchange, said: "It

is a pleasure to congratulate Norse Atlantic Airways with their uplisting from

Euronext Growth Oslo to Euronext Expand. The company now have the best

conditions to make the most of their listing. We look forward to exploring this

journey together with the company going forward."

Advisors

Pareto Securities AS and SpareBank 1 Markets AS are acting as joint global

coordinators and joint bookrunners in the Subsequent Offering. Wikborg Rein

Advokatfirma AS is acting as legal advisor to the Company.

For further information, please contact:

Ben Boiling, CFO

Phone: +47 912 40 945

Email:ben.boiling@flynorse.com

About Euronext

Euronext is the leading pan-European market infrastructure, connecting European

economies to global capital markets, to accelerate innovation and sustainable

growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the

Netherlands, Norway and Portugal. With close to 1,930 listed issuers and around

Euro 6.8 trillion in market capitalization as of end March 2023, it has an unmatched

blue-chip franchise and a strong diverse domestic and international client base.

Euronext operates regulated and transparent equity and derivatives markets, one

of Europe's leading electronic fixed income trading markets and is the largest

center for debt and funds listings in the world. Its total product offering

includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds,

Derivatives, Commodities, and Indices. The Group provides a multi-asset clearing

house through Euronext Clearing, and custody and settlement services through

Euronext Securities central securities depositories in Denmark, Italy, Norway,

and Portugal. Euronext also leverages its expertise in running markets by

providing technology and managed services to third parties. In addition to its

main regulated market, it also operates a number of junior markets, simplifying

access to listing for SMEs.

Christina Carare

Communications Manager

media@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, Washington, 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.