Norwegian Air Shuttle ASA - M&A Activity 2017

Norwegian Board of Directors approves the launch of Norwegian Air Argentina

Today the Norwegian Group Board of Directors approved the

launch of Norwegian Air Argentina's plans of operation. The

commencement of routes is dependent on government approvals.

"Argentina is an interesting market with great potential

that fits Norwegian's global strategy very well, combining

affordable domestic and international flights. I am looking

forward to continue working on realizing our plans of

establishing new bases, hiring many new colleagues in

Argentina and not least offering low fares to the people,"

said Ole Christian Melhus, CEO of Norwegian Air Argentina.

"We have been very well received by Argentinian authorities

and look forward to a fruitful relationship going forward,"

he added.

The Norwegian Group established an Argentinian subsidiary in

January 2017 and has applied for an Argentinian Air

Operator's Certificate, which is currently pending approval

before the Argentinian government. In the application,

Norwegian outlines plans for a considerable operation,

including domestic and international flights. Following

today's board approval, Norwegian will immediately begin to

hire administrative staff in Argentina. Recruitment of crew

will commence in late summer.

Pending government approval, the first new routes will be

announced and available for sale by year-end 2017.

Media Contact:

Lasse Sandaker-Nielsen, Deputy Chief Communications Officer,

tel. +47 45 45 60 12

Tore Østby, Vice President Investor Relations,

tel. +47 99 54 64 00

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