Norwegian Air Shuttle ASA

Capital/Financing Update • Nov 25, 2024

Norwegian Air Shuttle ASA – Result of bond buy-back

Norwegian Air Shuttle ASA – Result of bond buy-back

November 25, 2024 - Reference is made to the stock exchange release published by Norwegian Air Shuttle ASA (the “Company”) on November 18, 2024, regarding a contemplated buy-back of the zero-coupon senior unsecured NOK 3,229,575,526 bond issue maturing 30.09.2026 (Retained Claims Bonds with ISIN NO0010996457).

The “Reverse Dutch Auction” closed at 16:00 CEST, November 22, 2024. The Company has decided to accept all offers up to and including a price of 92.000% of par value (the “Buy-Back Price”).

The Company hereby confirms to buy back bonds with a total nominal value of NOK 72,656,042 by paying the Buy-Back Price. Cash settlement for the repurchase is expected to occur on November 28, 2024. Following the buy-back, the Company holds zero-coupon Retained Claims Bonds (ISIN: NO0010996457) for a total nominal amount of NOK 73,557,332. The acquired bonds will be cancelled following settlement.

DNB Markets acted as Manager for the buy-back.

For further information, please contact:

Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA Tel: +47 906 64 401

Fornebu, 25 November, 2024

Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jesper M. Hatletveit, VP Investor Relations at Norwegian Air Shuttle ASA, on 25 November 2024 at 08:00 CET.

Important information: The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia) or in any other jurisdiction where such publication or distribution is unlawful. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act.