Norwegian Air Shuttle ASA

Capital/Financing Update • May 19, 2025

Norwegian Air Shuttle ASA – Result of bond buy-back

Norwegian Air Shuttle ASA – Result of bond buy-back

19 May 2025 – Reference is made to the stock exchange notice regarding the contemplated fixed price buy-back of up to 50% of the outstanding bonds under the FRN perpetual subordinated convertible bonds with ISIN NO 0010996440, ISIN NO 0010996432, ISIN NO 0011157331 and ISIN NO 0011157356 in the aggregate outstanding amount of NOK 1,501,015,057 (the "Bonds").

The fixed price buy-back offer closed at 16:00 CEST, May 16 2025. Norwegian Air Shuttle ASA (the “Company”) hereby confirms to buy back bonds with a total nominal value of NOK 640,403,733 (the “Buy-Back Amount”) at a price of 140.0426 per cent of the nominal value for each of the Bonds. The Buy-Back Amount includes a nominal value of NOK 615,819,077 from the Norwegian Ministry of Trade, Industry and Fisheries (“NMTIF”), representing 50 per cent of NMTIF’s holding.

Cash settlement for the repurchase is expected to occur on or about 21 May 2025. The acquired Bonds will be cancelled following settlement, and the remaining outstanding Bonds will be subject to redemption pursuant to the call notice submitted to Nordic Trustee 12 May 2025.

DNB Carnegie, a part of DNB Bank ASA, acted as Manager for the buy-back.

Information about Norwegian Air Shuttle ASA, including company financials and stock exchange releases, can be found on the Company’s investor relation website (https://www.norwegian.no/om-oss/selskapet/investor-relations/).

For additional information, please contact:

Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661

Or:

Esben Tuman, SVP External Communications at Norwegian Air Shuttle ASA, Tel: +47 905 08 400

Fornebu, 19 May 2025

Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Teodora Samoila, Financial Analyst at Norwegian Air Shuttle ASA, on 19 May 2025 at 08:00 CEST.