NORWEGIAN AIR SHUTTLE ASA Reference is made to the stock exchange announcement on25 May 2022 regarding the Annual General Meeting where it was resolved to grant the Board of Directors an authorisation to issue shares in connection with the company's incentive programs. On30 September 2022 , the grant date, executives in Norwegian were granted a total of 2,499,996 share options inNorwegian Air shuttle ASA (NAS) with a strike price ofNOK 13.50 per share. The share options were granted as follows:Geir Karlsen , Chief Executive Officer (CEO), has been granted 792,548 share options. Following the grant, Karlsen holds 1,797,548 options and 651,478 shares in NAS. Hans-Jørgen Wibstad, Chief Financial Officer (CFO), has been granted 422,692 share options. Following the grant, Wibstad holds 422,692 options and 45,000 shares in NAS. Magnus Thome Maursund, EVP Network, Pricing and Optimisation, has been granted 184,927 share options. Following the grant, Thome Maursund holds 184,927 options and 2,100 shares in NAS.Adrian Dunne , EVP Operations, has been granted 268,536 share options. Following the grant, Dunne holds 268,536 options and 243,019 shares in NAS.Tore Kristian Jenssen , SVP Arctic Aviation Assets, has been granted 190,211 share options. Following the grant, Jenssen holds 191,911 options and zero shares in NAS. Knut Olav Irgens Høeg, EVP IT and Business Services, has been granted 162,032 share options. Following the grant, Irgens Høeg holds 162,032 options and 239,846 shares in NAS.Christoffer Sundby , EVP Sales, Marketing and Customer Care, has been granted 232,480 share options. Following the grant, Sundby holds 232,480 options and 335,943 shares in NAS.Guro H. Poulsen , EVP People, has been granted 140,897 share options. Following the grant, Poulsen holds 140,897 options and 236,808 shares in NAS. Anne-Sissel Skånvik, EVP Communication and Public Affairs, has been granted 105,673 share options. Following the grant, Skånvik holds 106,373 options and 50,095 shares in NAS. The granted share options vests one-third each anniversary from the grant date and vested options may be exercised until expiry seven years following the grant. Each share option corresponds to one share and the strike price isNOK 13.50 per share. Please see attached notifications for persons discharging managerial responsibilities in accordance with Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian Securities Trading Act. For further information, please contact:Jesper M. Hatletveit , Investor Relations atNorwegian Air Shuttle ASA : +47 906 64 401 Fornebu,30 September 2022 Norwegian Air Shuttle ASA This release is an announcement issued pursuant to legal information obligations and is subject of the disclosure requirements pursuant to the Market Abuse Regulation (MAR) Article 19 no. 3 and section 5-12 of theNorwegian Securities Trading Act, and was prepared byJesper M. Hatletveit , Investor Relations atNorwegian Air Shuttle ASA , tel. +47 906 64 401.
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