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Regulatory press release

Norwegian Air Shuttle ASA (NAS) - Result of Bond Buy-Back

Norwegian Air Shuttle
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES

February 3, 2023 - Reference is made to the stock exchange release published by
Norwegian Air Shuttle ASA (the "Company") on 19:00 CET, January 30, 2023,
regarding a buy-back, and an offer to buy-back, the zero-coupon senior unsecured
NOK 3,714,318,301 Retained Claims Bonds maturing September 30, 2026 with ISIN
0010996457 (the "Bonds") at a price of 72.50 per cent of par value (the
"Buy-Back Price").

The offer expired at 17:00 CET, February 2, 2022, and the Company has bought
bonds with aggregate nominal value of NOK 72,242,775 at the Buy-Back Price.

The Company is satisfied with the results of the buy-back, which helps to
optimise the capital structure at an attractive price, and it will also reduce
the finance cost for the Company.

Together with the buy-back announced on January 30, 2023, the Company now holds
bonds with aggregate nominal value of NOK 484,742,775. The purchased bonds will
be cancelled.

DNB Markets assisted the Company in the buy-back process.
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