Norwegian Air Shuttle ASA

Legal Proceedings Report • Mar 2, 2023

Update regarding EU ETS obligations for 2020

Update regarding EU ETS obligations for 2020

Reference is made to stock exchange announcement dated 16 December 2022 in which Norwegian Air Shuttle ASA (the “Company”) was notified that the Ministry of Climate and Environment maintained that the Company is liable to pay a fee for the failure to meet its EU ETS obligations for 2020, in a period when the Company was under reconstruction and was thereby prevented to meet these obligations.

Norwegian authorities have notified the Company that suspension of payment will not be granted despite the fee being subject to legal proceedings. The Company disagrees with the authorities’ decision to enforce payment prior to a conclusion being reached through legal proceedings given the principled nature of the matter. Still, to avoid enforcement, the Company has made a payment corresponding to the fee amount of close to NOK 400 million. The Company will seek a return of this amount plus interest following a final conclusion.

For further information, please contact:

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

Norwegian Air Shuttle ASA

Fornebu, 2 March 2023

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.