NORWEGIAN AIR SHUTTLE ASA: DISCLOSURE OF SHAREHOLDING

On 27 November 2020, AerCap Holdings N.V. ("AerCap") has, through its wholly
owned subsidiary  Ballyfin Aviation Limited, sold 47,846,873 shares in Norwegian
Air Shuttle ASA ("NAS"). Following this transaction, AerCap has, through certain
of its indirect wholly owned subsidiaries as well as certain other companies in
which AerCap has an interest (collectively the "Relevant Entities"), an interest
in a total of 114,791,646 ordinary shares, representing 3.1% of the share
capital and voting rights in NAS.



In addition, certain of the Relevant Entities hold an interest in perpetual
bonds in NAS. Such perpetual bonds can be converted into 219,498,267 ordinary
shares in NAS, representing in total 5.9% of the share capital and voting rights
in NAS.



This information is subject to the disclosure requirements set out in section
4-3 of the Norwegian Securities Trading Act.

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