Norse Atlantic ASA

Norse Atlantic ASA: New share capital registered

Arendal, 29 November 2023: Reference is made to the stock exchange announcement

made by Norse Atlantic ASA (the "Company") on 27 November 2023 regarding the

completion of an extraordinary general meeting in the Company (the "EGM"), and

the stock exchange announcement made on 4 November 2023 regarding the successful

completion of a private placement of 55,690,500 new shares in the Company

raising gross proceeds of USD 55 million (equal to approx. NOK 613 million) (the

"Private Placement").

The share capital increase of NOK 228,561,695.00 pertaining to the issuance of

45,712,339 new shares in tranche 2 of the Private Placement, as resolved by the

EGM, has today been registered with the Norwegian Register of Business

Enterprises:

Share capital: 611,057,895.00

Total number of shares: 122,211,579

Nominal value per share: NOK 5

42,386,285 of the new shares issued in tranche 2 will be issued on a separate

ISIN and will not be tradable on Euronext Expand Oslo until a prospectus has

been approved by the Financial Supervisory Authority of Norway and published by

the Company. For further details, please refer to the stock exchange

announcement made by the Company on 4 November 2023 and the minutes of the EGM

published by the Company on 27 November 2023.

For further information, please contact:

Investors: CFO, Anders Jomaas, [email protected]

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

About Norse

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,

Boston, Washington, Boston, Jamaica, Barbados, Bangkok, Miami, 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 pursuant to Section 5

-12 the Norwegian Securities Trading Act and the Oslo Rule Book II.

AI Terminal