Danske Bank A/S : Disclosure of large shareholding - HBK Holding AS

HBK Holding AS (HBK) has today, 13 February 2020, entered into an agreement on a
total return swap (the TRS Agreement) with Danske Bank, Norwegian Branch,
covering 5 million shares in Norwegian Air Shuttle ASA (NAS). The TRS Agreement
will be completed immediately, has a duration of 3 months from today and expires
on 13 May 2020. HBK will after completion of the TRS Agreement hold a total of
19,600,578 shares in NAS, corresponding to 11.98% of the shares in the company,
including shares lent to other parties.

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