Norse Atlantic ASA

Norse Atlantic ASA : New share capital registered

Arendal, 13 November 2023: Reference is made to the stock exchange notice by

Norse Atlantic ASA (the "Company") on 4 November 2023 regarding successful

completion of a private placement of 55,690,500 new shares (conditionally in

respect of tranche 2) 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 49,890,805.00 pertaining to the issuance of

9,978,161 new shares in tranche 1 of the Private Placement has today been

registered with the Norwegian Register of Business Enterprises:

New share capital: NOK 382,496,200.00

New total number of shares: 76,499,240

Nominal value per share: NOK 5

The share capital increase related to the issuance of new shares in tranche 2 of

the Private Placement is proposed resolved by the Company's extraordinary

general meeting to be held on 27 November 2023. For further details, please

refer to the notice of the extraordinary general meeting published by the

Company on 6 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.

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