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Regulatory press release

Norwegian Air Shuttle ASA - Defeasance of the NOK 3,156 million Zero-Coupon Bonds

Norwegian Air Shuttle
Norwegian Air Shuttle (the "Company") has decided to exercise its defeasance
option under the terms of its zero-coupon senior unsecured NOK 3,156,018,194
bond issue (ISIN: NO0010996457), maturing on 30 September 2026 (the "Bonds").
The defeasance will take effect from 11 August 2025, relieving the Company from
certain information covenants and all general covenants, including the
restriction on dividend payments.

As part of the defeasance, the Company will deposit an amount equal to the
outstanding amount under the Bonds as security for its payment obligations. The
Bonds remain outstanding until they have been redeemed in full, and all other
terms and conditions of the Bonds continue to apply.


For further information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661


Fornebu, 11 July 2025
Norwegian Air Shuttle ASA
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