The Company has today notified Nordic Trustee AS that it will exercise the call
option to redeem all outstanding bonds under the FRN perpetual subordinated
convertible bond loan with ISIN NO 0010996440, ISIN NO 0010996432, ISIN NO
0011157331 and ISIN NO 0011157356 in the aggregate outstanding amount of NOK
1,501,015,057 (the "Bonds"). 

The Bonds with ISIN NO 0010996440 and ISIN NO 0010996432 (Ordinary Conversion
Bonds and Early Conversion Bonds, respectively) were issued on 26 May 2021,
while the Bonds with ISIN NO 0011157331 and ISIN NO 0011157356 (PIK Bonds) were
issued on 1 December 2021, all of which are subject to the same Bond Terms and
with no scheduled maturity. 

The entire bond issue will be repaid at a price equal to 103 per cent of the
Nominal Value, plus accrued and unpaid interest on the redeemed amount, with
repayment date on 11 June 2025 (the "Call Option Repayment Date"). 

Bondholders who want to exercise its Conversion Right must submit a Conversion
Notice substantially in the form titled "Template Conversion Notice" attached to
this stock announcement (and transfer their respective Bonds to the Paying Agent
(DNB Bank ASA) through VPS Euronext Securities Oslo) in accordance with the
procedures set out in Clause 12.2 "Procedure for exercise of Conversion Rights"
of the Bond Terms prior to expiry of the Conversion Period, which is the date
falling on the 10th Business Day prior to the Call Option Repayment Date, i.e.
on 26 May 2025.

Reference is made to the attached notice from Nordic Trustee AS for further
information about the Call Option.

For additional information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661
Or: 
Esben Tuman, SVP External Communications at Norwegian Air Shuttle ASA, Tel: +47
905 08 400


Fornebu, 12 May 2025
Norwegian Air Shuttle ASA


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Teodora Samoila, Financial Analyst at Norwegian
Air Shuttle ASA, on 12 May 2025 at 08:00 CEST.