Arendal, Norway, 12 April 2024: Norse Atlantic ASA (the "Company" or "Norse")
has secured a USD 20 million revolving credit facility (the "Facility") from its
two largest shareholders Scorpio Holdings Limited and B T Larsen & Co Limited,
currently holding 21.22% and 18.88% of the Company's issued shares,
respectively. B T Larsen & Co Limited is ultimately controlled by Bjørn Tore
Larsen, CEO of Norse. The Facility demonstrates the continuing strong support
the Company has from its two largest shareholders.

The Facility will provide Norse with a liquidity buffer prior to moving into the
more cash generative late spring and summer seasons. The buffer provided by the
Facility is in addition of the Company's existing cash position, which as stated
the company's 2023 Annual report stands at USD 32.6 million per 31 March 2024.

The Facility is available for use until 15 October 2024 and contains customary
event of default provisions. The Company may draw on the Facility from today
onwards. The Facility is on market terms, is unsecured, has no covenants, will
not be amortizing and any drawn amounts are to be repaid on or before 15 October
2024. Amounts drawn under the Facility will carry interest at a rate of 15% per
annum. A commitment fee of 4.5% per annum will apply on any undrawn part of the
Facility.

Forward looking business continues to improve. Year-to-date revenue from
segments sold have increased substantially compared to the previous year and
Norse is poised for a promising summer season. Moreover, charter revenues booked
and under negotiation significantly surpass those achieved in 2023.

Contacts:

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

Media: SVP Communications, Philip Allport, philip.allport@flynorse.com

Norse Atlantic Airways is an airline that offers affordable fares on long-haul
flights, primarily between Europe and the United States. The company was founded
by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has a fleet
of 15 modern, fuel-efficient and more environmentally friendly Boeing 787
Dreamliners that serve destinations including New York, Los Angeles, Orlando,
Jamaica, Barbados, Bangkok, Miami, Oslo, Athens, London, Berlin, Rome and Paris.
The company's first flight took off from Oslo to New York on June 14, 2022.

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