Reference is made to the previous stock exchange announcement on 6 August 2020
by Norwegian Air Shuttle ASA (the "Company") regarding the agreement that has
been reached with one of the Company's operating lessors to convert
approximately USD 24.0 million of lease debt into 55,070,783 new shares at a
conversion price of NOK 4.24919. 

The Company has today registered the share capital increase pertaining to the
lease conversion in the Norwegian Register of Business Enterprises (Nw.:
Foretaksregisteret). 

The Company's share capital is increased by NOK 5,507,078.30 by issue of
55,070,783 new shares. The Company's new share capital is NOK 362,270,370.50
divided into 3,622,703,705 shares, each with a nominal value of NOK 0.10. The
new shares will be listed on the Oslo Stock Exchange and admitted to trading
when recorded in the VPS which is expected to take place today, however so that
the new shares are subject to lock-up whereof 1/3 of these shares shall be
released from lock-up on each of 9 August 2020, 9 October 2020 and 9 December
2020.

For further information, please contact: 
Tore Østby, EVP Strategic Development, phone: +47 995 464 00



Important information 

The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan or the United States
(including its territories and possessions, any state of the United States and
the District of Columbia) or in any other jurisdiction where such publication or
distribution is unlawful. This release is an announcement issued pursuant to
legal information obligations, and is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. 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. 

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

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© Oslo Bors ASA, source Oslo Stock Exchange