Arendal, Norway, 19 August 2025 - Norse Atlantic ASA (the "Company") has mandated Arctic Securities, Pareto Securities and SpareBank 1 Markets as joint bookrunners to arrange a series of investor calls commencing today, 19 August 2025.

A new 2-year senior unsecured convertible bond issue with an issue amount of USD 30 million (the"Bond Issue") will follow, subject to inter alia market conditions. The Bond Issue is guaranteed in full by a consortium consisting of Songa Capital AS, B T Larsen & Co and funds managed by Borea Asset Management.

The net proceeds of the Bond Issue will be applied towards refinancing of existing debt and general corporate purposes.

Completion of the contemplated Bond Issue will be conditional upon the extraordinary general meeting (the "EGM") approving the authorisation for the board of directors to complete the Bond Issue.

A notice for the EGM, to be held on 9 September 2025, will be announced separately. The Company has received irrevocable voting undertakings from Songa Capital AS and B T Larsen & Co, the Company's two largest shareholders, to vote in favour of the proposed resolutions at the EGM.

Contacts:

Investors: CFO, Anders Hall Jomaas, anders.jomaas@flynorse.com       

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and the Norwegian Securities Trading Act section 5-12.

This stock exchange announcement was published by Anders Hall Jomaas on the time and date provided.