AERCAP HOLDINGS N.V.

AER
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NORWEGIAN AIR SHUTTLE ASA: NOTIFICATION OF LARGE SHAREHOLDING

07/22/2020 | 01:53am

Reference is made to the stock exchange notice on 21 July 2020, regarding the
share issuance by Norwegian Air Shuttle ASA ("NAS") through the conversion of
vendor debt to equity. Following the completion of the share issuance, AerCap
Holdings N.V.
holds, through certain of its indirect wholly owned subsidiaries
as well as certain other companies in which AerCap Holdings N.V. has an interest
(collectively the "Relevant Entities"), an interest in a total of 487,915,559
ordinary shares, representing 13.7% of the share capital and voting rights in
NAS.

In addition, certain of the Relevant Entities hold an interest in perpetual
bonds in NAS. Such perpetual bonds can be converted into 219,498,267 ordinary
shares in NAS, representing in total 6.2% of the share capital and voting rights
in NAS. The conversion rights under the perpetual bonds may be exercised as
follows: (i) one third of the bonds may be converted into shares from 9 August
2020
, (ii) one third may be converted into shares from 9 October 2020 (such
third to be in addition to the bonds in item (i)), and (iii) one third may be
converted into shares from 9 December 2020 (such third to be in addition to the
bonds in item (i) and (ii)). The conversion period under the perpetual bonds
expires after 5 years from issuance, provided that NAS has the right to extend
the expiry date by five years prior to each expiry date.

The principal Relevant Entities through which AerCap Holdings N.V. will hold an
interest in the above shares and perpetual bonds include Ballyfin Aviation
Limited
.

This notification is made pursuant to Section 4-3 of the Norwegian Securities
Trading Act.


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© Oslo Bors ASA, source Oslo Stock Exchange

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