Reference is made to the previous stock exchange announcements byNorwegian Air Shuttle ASA (the "Company"), regarding the public offering of new shares in the Company, and the conversion of bond, lease and vendor debt into equity in the Company and convertible perpetual bonds as further described in the Company's prospectus dated5 May 2020 (the "Prospectus") and subsequent announcements. Certain amounts of shares and perpetual bonds that have been issued as described in the abovementioned announcements are subject to lock-up regulations that expire on9 October 2020 or9 December 2020 . Accordingly, 897,345,343 Company shares shall on9 October 2020 be released from lock-up and transferred to the Company's ordinary ISIN NO0010196140. In addition, perpetual bonds in a nominal amount ofNOK 739,236,984 (including amounts issued in other currencies exchanged into NOK at the fixed exchange rate set out in the applicable perpetual bond agreements) shall on9 October 2020 be released from lock-up. Such perpetual bonds shall become transferrable and may in the option of the holder be converted into approximately 173,971,269 ordinary shares in the Company, subject to certain adjustment provisions including Euro-market standard anti-dilution provisions. See section 5.5 of the Prospectus and the stock exchange announcement of the Company dated30 September 2020 for a further description of the perpetual bonds. For further information, please contact: Tore Østby, EVP Strategic Development, phone: +47 995 464 00 Important information The release is not for publication or distribution, in whole or in part directly or indirectly, in or intoAustralia ,Canada ,Japan orthe United States (including its territories and possessions, any state ofthe United States and theDistrict of Columbia ) or in any other jurisdiction where such publication or distribution is unlawful. This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, inthe United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold inthe United States except pursuant to an exemption from the registration requirements of the US Securities Act.
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