Norwegian Air Shuttle ASA

Major Shareholding Notification • Jun 30, 2022

NAS: Shareholder Disclosure Notification

NAS: Shareholder Disclosure Notification

Pursuant to Section 4-3 of the Norwegian Securities Trading Act and the Securities Trading Act Regulations, we hereby disclose the following information.

Funds managed by Silver Point Capital, L.P. have on 28 June 2022 sold 1,085,000 shares in Norwegian Air Shuttle ASA (the "Company"), following which funds managed by Silver Point Capital, L.P. owned 46,049,500 shares in the Company, equal to approximately 4.952 percent of the total outstanding number of shares of the Company.

Silver Point Capital, L.P is the disclosing party on an aggregated level. The shares and voting rights are effectively held by the following funds managed by Silver Point Capital, L.P . or its affiliates[1]:

• Silver Point Capital Fund, L.P.

• Silver Point Capital Offshore Master Fund, L.P.

• Silver Point Distressed Opportunities Fund, L.P. (the “Distressed Opportunities Fund”)

• Silver Point Distressed Opportunities Offshore Master Fund, L.P. (the “Distressed Opportunities Offshore Fund”)

• Silver Point Distressed Opportunities Institutional Partners, L.P. (the “Distressed Opportunities Institutional Fund”)

• Silver Point Distressed Opportunities Institutional Partners Master Fund (Offshore), L.P. (the “Distressed Opportunities Institutional Offshore Fund”)

This notification is made pursuant to Section 4-2 of the Norwegian Securities Trading Act.

[1] Silver Point Distressed Opportunities Management, LLC (“Distressed Opportunities Management”) is the investment manager of the Distressed Opportunities Fund, the Distressed Opportunities Offshore Fund, the Distressed Opportunities Institutional Fund and the Distressed Opportunities Institutional Offshore Fund (collectively, the “Distressed Funds”) and by virtue of such status may be deemed to be the beneficial owner of the securities held by the Distressed Funds. Silver Point Capital, L.P. is the sole owner of Distressed Opportunities Management.