Norwegian today reported its fourth quarter 2020 results. As anticipated, these
are heavily impacted by the negative effects of the company's reconstruction
process and fully in line with the company's plan to focus on Nordic operations.
The reconstruction process is continuing and proceeding in accordance with the
timetable as earlier announced. 

Going forward, Norwegian will focus on a strong and profitable Nordic and
European network. The company plans to serve these markets with 53 narrow body
aircraft in 2021 (50 operational and 3 spare).

With respect to timing, the Company is working with the Examiner and the
Reconstructor with a view to commencing the legal steps required to implement
the proposed Restructuring, including the issuance of a scheme of arrangement by
the Examiner as soon as possible, with a view to the Capital Raise commencing in
late March/early April, with the subscription period in mid-April and target
closing end of end April / mid May.

The overall detailed plan supporting the future operations of the company will
be disclosed during the course of next week. 


Fornebu 26 November 2021
Norwegian Air Shuttle ASA

For further information, please contact:
Geir Karlsen, CFO, tel +47 91608332




This information is prepared by Tore Østby, EVP Strategic Development and IR,
Norwegian Air Shuttle ASA, tel. +47 99546400