Norwegian Air Shuttle ASA

Capital/Financing Update • Jul 11, 2025

Norwegian Air Shuttle ASA – Defeasance of the NOK 3,156 million Zero-Coupon Bonds

Norwegian Air Shuttle ASA – Defeasance of the NOK 3,156 million Zero-Coupon Bonds

Norwegian Air Shuttle (the “Company”) has decided to exercise its defeasance option under the terms of its zero-coupon senior unsecured NOK 3,156,018,194 bond issue (ISIN: NO0010996457), maturing on 30 September 2026 (the “Bonds”). The defeasance will take effect from 11 August 2025, relieving the Company from certain information covenants and all general covenants, including the restriction on dividend payments.

As part of the defeasance, the Company will deposit an amount equal to the outstanding amount under the Bonds as security for its payment obligations. The Bonds remain outstanding until they have been redeemed in full, and all other terms and conditions of the Bonds continue to apply.

For further information, please contact:

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

Fornebu, 11 July 2025

Norwegian Air Shuttle ASA