Norwegian Air Shuttle ASA — M&A Activity 2014

Dec 15, 2014

Contemplated sale of shares of Norwegian Air Shuttle ASA

Contemplated sale of shares of Norwegian Air Shuttle ASA

HBK Invest AS has retained Arctic Securities AS to

explore the sale of up to 703,243 shares in Norwegian

Air Shuttle ASA ("Norwegian" or the "Company")

through an accelerated bookbuilding process

(the "Placing").

The Placing represents up to 2.00 per cent of the

outstanding shares in Norwegian, and assuming all

shares offered in the Placing are sold, HBK Invest AS

will hold 8,795,873 shares equal to 25.02 per cent of

the share capital in the Company. HBK Invest AS is

committed to continue to be a long-term industrial

owner of Norwegian.

The bookbuilding will commence today, 15 December

2014, at 16.30 CET.

HBK Invest AS is represented on Board of Directors of

Norwegian by Bjørn H. Kiese, Chairman of the Board.

Majority owner of HBK Invest AS, Bjørn Kjos, is the

CEO of Norwegian.