Norwegian Air Shuttle ASA — Earnings Release 2015

Feb 11, 2016

Norwegian: Fourth quarter anf full year 2015 report

Norwegian: Fourth quarter anf full year 2015 report

Norwegian's 2015 results are characterized by high

load factor, continued fleet renewal and moderate

capacity growth. The company reported high load factor

throughout 2015, which averaged at 86 percent. The pre-

tax result improved by 1.7 BNOK, compared with last

year.

In 2015, the company reported a net profit of 75 MNOK.

The figure was heavily influenced by an unrealized

loss on fuel hedging for 2016 and 2017, which makes up

800 MNOK. Adjusted for such unrealized hedging the

2015 pre-tax results was 875 MNOK. This was a strong

improvement compared to -1.168 MNOK the previous year.

For further information please see the enclosed report.

Fornebu, 11 February 2016

Norwegian Air Shuttle ASA

This information is subject to the disclosure

requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act.