NORWEGIAN AIR SHUTTL

NAS
Real-time Estimate Quote. Real-time Estimate  - 09/24 04:19:23 am
0.945NOK -5.50%

Norwegian Air Shuttle ASA : (NAS) - Additional conversion of convertible bonds - New share capital registered

08/03/2020 | 07:58am

Reference is made to Norwegian Air Shuttle ASA (the "Company") convertible bond
loan with ISIN NO 0010868284 in the aggregate amount of USD 6,486,000 (the
remaining part of the original USD 150 million convertible bond loan issued in
Q4 2019). The Company has received additional conversion notices from
convertible bondholders representing USD 230 000 in this bond issue, which
pursuant to standard terms set out in the bond terms are convertible into 571
201 new freely tradable shares in the Company. After the conversion, the
remaining principal outstanding under the convertible bond loan amounts to USD
6,256,000
.

The share capital increase pertaining to the conversion of convertible bonds has
today been registered in the Norwegian Register of Business Enterprises (Nw.:
Foretaksregisteret). The Company's new share capital is NOK 356,763,292.20
divided into 3,567,632,922 shares, each with a nominal value of NOK 0.10.

The new shares will be listed on the Oslo Stock Exchange and will be tradeable
from 3 August 2020.

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


Fornebu 3 August 2020
Norwegian Air Shuttle ASA



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The release is not for publication or distribution, in whole or in part directly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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