19 May 2025 - Reference is made to the stock exchange notice regarding the
contemplated fixed price buy-back of up to 50% of the outstanding bonds under
the FRN perpetual subordinated convertible bonds with ISIN NO 0010996440, ISIN
NO 0010996432, ISIN NO 0011157331 and ISIN NO 0011157356 in the aggregate
outstanding amount of NOK 1,501,015,057 (the "Bonds").

The fixed price buy-back offer closed at 16:00 CEST, May 16 2025. Norwegian Air
Shuttle ASA (the "Company") hereby confirms to buy back bonds with a total
nominal value of NOK 640,403,733 (the "Buy-Back Amount") at a price of 140.0426
per cent of the nominal value for each of the Bonds. The Buy-Back Amount
includes a nominal value of NOK 615,819,077 from the Norwegian Ministry of
Trade, Industry and Fisheries ("NMTIF"), representing 50 per cent of NMTIF's
holding.

Cash settlement for the repurchase is expected to occur on or about 21 May 2025.
The acquired Bonds will be cancelled following settlement, and the remaining
outstanding Bonds will be subject to redemption pursuant to the call notice
submitted to Nordic Trustee 12 May 2025.

DNB Carnegie, a part of DNB Bank ASA, acted as Manager for the buy-back.

Information about Norwegian Air Shuttle ASA, including company financials and
stock exchange releases, can be found on the Company's investor relation website
(https://www.norwegian.no/om-oss/selskapet/investor-relations/).

For additional information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661
Or: 
Esben Tuman, SVP External Communications at Norwegian Air Shuttle ASA, Tel: +47
905 08 400

Fornebu, 19 May 2025
Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Teodora Samoila, Financial Analyst at Norwegian
Air Shuttle ASA, on 19 May 2025 at 08:00 CEST.