Norwegian Air Shuttle ASA — Capital/Financing Update 2018

Jan 24, 2018

Norwegian Air Shuttle ASA - successful placement of tap issue in NAS07

Norwegian Air Shuttle ASA - successful placement of tap issue in NAS07

Reference is made to the press release dated 23 January 2018. Norwegian Air Shuttle ASA (the "Company") has successfully completed a tap issue of EUR 65 million in the outstanding EUR 185 million senior unsecured bonds issue with ISIN NO 001 0753437 and maturity in December 2019 (NAS07). Following the tap issue, the new outstanding amount in NAS07 will be EUR 250 million.

Net proceeds from the tap issue will be used for general corporate purposes and further growth of the Group.

In connection with the placement of the tap issue, the Company has repurchased bonds with nominal value of NOK 169.5 million in the existing bond issue NAS06 (ISIN: NO 001 0736549) with maturity in May 2018.

Danske Bank, Nordea and Pareto Securities acted as managers in the transaction.

For further information, please contact:

Tore Østby, acting CFO, Phone: +47 9954 6400

Stine Klund, Investor Relations Officer, Phone: +47 986 99 259

Fornebu, 24 January 2018

Norwegian Air Shuttle