Norwegian Air Shuttle ASA — Earnings Release 2021

Apr 29, 2021

Norwegian Air Shuttle ASA (NAS) - Trading update for the first quarter 2021

Norwegian Air Shuttle ASA (NAS) - Trading update for the first quarter 2021

Norwegian Air Shuttle ASA reports on its consolidated pre-tax results for the three-month period that ended on 31 March 2021. The company is currently nearing the successful completion of both an examinership process in Ireland and reconstruction process in Norway. A subsequent capital raise is due to close on or about 26th May.

“The impact on our business as a result of international travel restrictions, that have continued throughout this quarter, are as expected. However, during this difficult period Norwegian has continued to reach a number of milestones that will secure our future and ensure that the airline remains a key competitor in the European market. As European vaccination programmes gain momentum and travel restrictions begin to ease, a new Norwegian, with a solid financial foundation, will be ready for our customers as they look to once again take to the skies,” said Jacob Schram, CEO of Norwegian.

“The Q1 results clearly show the continued difficult trading environment that we have been operating in over the last three months. In spite of these challenges, we are now looking to the future with the successful exit of the examinership and reconstruction processes while seeking to raise new capital. Combined, these factors will provide Norwegian with a stable and sustainable financial future,” said Geir Karlsen, CFO of Norwegian

Please find enclosed the result announcement for the three-month period ended on 31 March 2021.

Fornebu 29 April 2021

Norwegian Air Shuttle ASA

This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to the Market Abuse Regulation (MAR) Article 17 no. 1, and was prepared by Tore Østby on behalf of Norwegian Air Shuttle ASA, tel +47 995 46 400.