Norwegian Air Shuttle ASA ("Norwegian" or "Company"), following the interim
protection granted by the Irish courts on 18th  November 2020, was yesterday on
7th December 2020 successfully made subject to the examinership process which is
a cornerstone of the reorganization plan. Following this determination,
Norwegian will now enter into a supplementary Norwegian reconstruction process
which enhances the outcome of the Irish process with a view to resize its
balance sheet. The dual track process will be coordinated by the Company and
will not have an impact on the current business. The Company will continue to
operate its route network. Both its bonds and shares will continue to trade as
normal on the Oslo Stock Exchange (Oslo Børs). <br />
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As earlier stated, Norwegian Reward will continue as normal honouring and
earning Cash-Points for its members. <br />
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For further information, please contact:<br />
Geir Karlsen, CFO, tel. +47 91608332<br />
Tore Østby, EVP, +47 99546400<br />
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Fornebu, 8 December 2020<br />
Norwegian Air Shuttle ASA