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NAS: Voluntary redemption and call option notice for NAS13

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

Norwegian Air Shuttle ASA (the "Issuer") has today given notice to Nordic
Trustee AS, as the Bond Trustee in respect of NO0010996390 Norwegian Air Shuttle
ASA FRN senior secured NOK 750,000,000 bonds 2021/2026 of the exercise of a Call
Option for all of the Bonds, in accordance with Clause 10.2 (Voluntary early
redemption - Call Option) of the terms and conditions of the Bonds (the "Bond
Terms").

The Issuer will exercise the Call Option and redeem the Bonds in whole at a
price equal to 105% (one hundred and five per cent) of par, plus accrued
interest on the redeemed Bonds as of the Call Option Repayment Date. The
proposed Call Option Repayment Date shall be 7 September 2023 and the Relevant
Record Date shall be 5 September 2023.
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