NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES

Norwegian Air Shuttle ASA (the "Company") has today bought bonds with aggregate
nominal value of NOK 412.5 million of the zero-coupon senior unsecured NOK
3,714,318,301 Retained Claims Bonds maturing 30.09.2026 with ISIN 0010996457
(the "Bonds") at a price of 72.50 per cent of par value. DNB Markets (the
"Manager") assisted the Company with its buy-back process.

Bondholders who have not already received this offer from the Company and who
wishes to tender its Bonds may contact DNB Markets at bond.syndicate@dnb.no no
later than 2 February 2023 at 17:00 CET, and the company will, subject to legal
constraints including any filing or registration requirements, offer the same
buy-back price to such bondholders.

Following the buy-back, the Company holds NOK 412.5 million of the bonds. The
purchased bonds will be cancelled.

Important notices: The tender offer contemplated by this announcement and the
distribution of this announcement and other information in connection therewith
may be restricted by law in certain jurisdictions.

The Company and the Manager do not assume any responsibility in the event there
is a violation by any person of such restrictions. Persons into whose possession
this announcement or such other information should come are required to inform
themselves about and to observe any such restrictions.

The tender offer is not being made directly or indirectly in, or by use of the
mails of, or by any means or instrumentality of interstate or foreign commerce
of, or any facilities of a national securities exchange of, the United States of
America, its territories and possessions, any State of the United States and the
District of Columbia (the "United States") or any other jurisdiction in which
this would be unlawful. This includes, but is not limited to, facsimile
transmission, internet delivery, e-mail, telex and telephones. Accordingly,
copies of this release and any related documents are not being, and must not be,
mailed, e-mailed or otherwise distributed or sent in or into the United States
and so doing may invalidate any purported sales offer.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Jesper M. Hatletveit, VP Investor Relations at
Norwegian Air Shuttle ASA, on 30 January 2023 at 19:00 CET. It is issued for
information purposes only, and does not constitute or form part of any offer or
solicitation to purchase or subscribe for securities, in the United States or in
any other jurisdiction. The securities mentioned herein have not been, and will
not be, registered under the United States Securities Act of 1933, as amended
(the "US Securities Act"). The securities may not be offered or sold in the
United States except pursuant to an exemption from the registration requirements
of the US Securities Act.