Norwegian Air Shuttle ASA

M&A Activity • Sep 15, 2023

Update on regulatory approval relating to the transaction agreement to acquire Widerøe

Update on regulatory approval relating to the transaction agreement to acquire Widerøe

Reference is made to the stock exchange announcements dated 6 July 2023 on the agreement by Norwegian Air Shuttle ASA ("Norwegian") to acquire Widerøe AS ("Widerøe").

The Norwegian Competition Authority (“NCA”) has today notified Norwegian that it will continue its review (“Phase II”) of the proposed acquisition of Widerøe by Norwegian. The NCA will now continue with its assessment into the potential effects of the proposed transaction to determine whether it is likely to significantly impede effective competition. The NCA has until 17 November 2023 to present its preliminary view for the parties’ comments. The final deadline for the NCAs review will expire on 3 January 2024. The NCA may however at any stage during its continued review close its investigation if it finds that the criteria for intervention are not met. Both Norwegian and Widerøe will continue to cooperate closely with the NCA and provide all relevant information in order to have the transaction approved as soon as possible.

“We take note of today’s decision by the Norwegian Competition Authority to continue its review of the acquisition and understand that the NCA wishes to use more time on examining the consequences of the transaction. Having operated side by side for many years, we believe that by acquiring Widerøe, we will be able to create a streamlined and more comprehensive offer for air travel across Norway and abroad. We strongly believe on a positive outcome in this matter,” said Geir Karlsen, CEO of Norwegian.

For further information, please contact:

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

Fornebu, 15 September 2023

Norwegian Air Shuttle ASA

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