NORWEGIAN AIR SHUTTL

Nordic Trustee AS has informed Norwegian Air Shuttle ASA ("the Company") about
the results from bondholders' meetings (see attachment below).

The Company is pleased to see very robust support from 3 out of 4 bondholder
groups, approving the Company´s proposals. The proposal to NAS07 did, however,
not receive sufficient support with a vote in favour of 62% (2/3 required). The
Company is however continuing a constructive dialogue with bondholders to assess
whether the required majority for approval of the proposal can be reached.

The Company has furthermore received strong support from lessors for a minimum
conversion to equity of 550 million USD (excluding conversion under the
so-called power-by-the-hour arrangement), which would satisfy the condition set
out in the proposal to the bondholders.

The Company's scheduled extraordinary general meeting will be conducted as
planned on Monday 4 May 2020.

The Company intends to summon a new bondholder meeting planned to be held on
Monday 18 May 2020. The Company will on Monday 4 May 2020 determine the timeline
for the capital raise, which will end on or about 18 May 2020.

"Our dialogue with the bondholders continues with the clear goal of reaching a
solution. Unfortunately, we were not able to reach an agreement within the
deadline. However, the discussion is continuing through the weekend to find a
solution, said CEO Jacob Schram of Norwegian.

Fornebu, 1 May 2020

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