Norwegian Air Shuttle ASA — Capital/Financing Update 2021

Feb 19, 2021

Norwegian Air Shuttle ASA (NAS) - Completion of the capital reduction

Norwegian Air Shuttle ASA (NAS) - Completion of the capital reduction

Reference is made to extraordinary general meeting of Norwegian Air Shuttle ASA (“NAS”) held 17 December 2020, whereby the general meeting inter alia resolved to reduce the share capital of the NAS with 393,518,723.40 by reducing the nominal value of each share.

The completion of the capital reduction has been subject to a creditor notice period of six weeks. The creditor notice period expired on 28 January 2021 without any objections from creditors being raised. The share capital reduction was registered as completed with the Norwegian Registry of Business Enterprises today. The registration implies that the nominal value of each share is now NOK 0.10 instead of NOK 10.00, but has no impact on the total number of shares issued. The share capital of NAS is thus NOK 3,974,936.60 divided into 39,749,366 shares each with a pair value of NOK 0.1

Tore Østby, EVP, tel+47 99546400

Fornebu 19 February 2021

Norwegian Air Shuttle ASA