Norse Atlantic ASA

Norse Atlantic ASA: Mandatory notifications of trade

Arendal, 27 November 2023: Reference is made to the stock exchange announcement

made by Norse Atlantic ASA (the "Company") earlier today regarding the

completion of an extraordinary general meeting in the Company, where it was

resolved to inter alia approve the issuance of new shares in connection with

settlement of tranche 2 of the private placement announced 3 November 2023 (the

"Private Placement").

The following primary insider and close associate of a primary insider of the

Company have been allocated shares in connection with the issuance of the new

· B T Larsen & Co Limited, a company controlled by Bjørn Tore Larsen, CEO of

the Company, has been allocated 11,060,136 shares at a price of NOK 11.00 per

share. Following the transaction, BT Larsen & CO Limited owns a total of

24,271,225 shares in the Company, equal to approximately 19.86% of the Company's

share capital.

· Ander Jomaas, CFO of the Company, has been allocated 10,171 shares at a

price of NOK 11.00 per share. Following the transaction, Anders Jomaas owns a

total of 20,000 shares in the Company, equal to approximately 0.01% of the

Company's share capital.

See the enclosed forms for further details about the transactions.

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 in Regulation EU

596/2014 (MAR) article 19 number 3 and sections 4-2 and 5-12 of the Norwegian

Securities Trading Act.

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