Reference is made to the following perpetual bond issues (the "Perpetual Bonds")
of Norwegian Air Shuttle ASA (the "Company"):

(i) Norwegian Air Shuttle ASA perpetual 0% EUR convertible bond loan with ISIN
NO 0010883416 in the aggregate amount of EUR 7,617,931;

(ii) Norwegian Air Shuttle ASA perpetual 0% USD convertible bond loan with ISIN
NO 0010883515 in the aggregate amount of USD 80,956,203; and

(iii) Norwegian Air Shuttle ASA perpetual 0% SEK convertible bond loan with ISIN
NO 0010883473 in the aggregate amount of SEK 13,593,553.


On 9 December 2020, the Company applied for the Perpetual Bonds to be admitted
to stock exchange listing on Oslo Børs, subject to approval by the Norwegian
Financial Supervisory Authority ("NFSA") of a listing prospectus. Since such
date, certain amounts of Perpetual Bonds have been converted into 1,414,987
shares in the Company (the "Shares"), which have been placed on a separate ISIN
NO0010914823, pending approval of a listing prospectus pertaining to listing of
the Perpetual Bonds and listing of the Shares (the "Listing Prospectus") as set
out in the Company's stock exchange notices dated 11 December 2020 and 23
December 2020. 

The NFSA has today approved the Listing Prospectus.  For more information,
please refer to the Listing Prospectus which will, subject to regulatory
restrictions in certain jurisdictions, be available at the Company's website,
www.norwegian.no.  The Listing Prospectus has been prepared for the purpose of
listing of the Perpetual Bonds and the Shares only, and no securities are being
offered pursuant to the Listing Prospectus.

The Shares will be transferred to and registered on the Company's ordinary ISIN
NO0010196140 and become freely tradable on Oslo Børs tomorrow, 15 January 2021,
under the trading symbol "NAS". The Perpetual Bonds are expected to commence
trading on Oslo Børs on Monday 18 January 2021.

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



Important information 

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES
DESCRIBED HEREIN.

The release is not for publication or distribution, in whole or in part directly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

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© Oslo Bors ASA, source Oslo Stock Exchange