Norwegian Air Shuttle ASA — Capital/Financing Update 2021

May 3, 2021

Updated key information relating to the preferential rights issue to be carried out by Norwegian Air Shuttle ASA

Updated key information relating to the preferential rights issue to be carried out by Norwegian Air Shuttle ASA

Date on which the terms and conditions of the preferential rights issue were announced: 3 May 2021

Last day including right: 4 May 2021

Ex-date: 5 May 2021

Record Date: 6 May 2021

Date of approval: 17 December 2020

Number of new shares: Up to 63,076,638

Subscription price: NOK 6.26

Ratio preferential rights: 3 preferential rights for each 2 shares held

Subscription ratio: One preferential right gives right to subscribe for one new share

Managers: DNB Markets, a part of DNB Bank ASA and ABG Sundal Collier ASA

Will the rights be listed – yes/no: Yes

International Securities Identification Number (ISIN) for the preferential rights: NO0010989247

Other information: The rights issue is carried out as part of the wider restructuring of Norwegian Air Shuttle ASA (the "Company"). Please refer to the stock exchange announcement of the Company dated 3 May 2021 regarding the terms of the capital raise in the Company for additional details.

This information is published in accordance with the requirements of the Continuing Obligations.