Reference is made to the previous stock exchange announcement on 17 June 2020 by
Norwegian Air Shuttle ASA (the "Company") regarding the conversion of vendor
debt and convertible bonds to equity by the issue of a total of 108,938,080 new
shares in the Company. 

The Company has today registered the share capital increase pertaining to the
conversion in the Norwegian Register of Business Enterprises (Nw.:
Foretaksregisteret). The Company's new share capital is NOK 322,638,237.40
divided into 3,226,382,374 shares, each with a nominal value of NOK 0.10.

The new shares will be listed on the Oslo Stock Exchange and will be tradable
when recorded in the VPS which is expected to take place today, however so that
54,744,394 of the new shares are subject to lock-up whereof 1/3 of these shares
shall be released from lock-up on each of the 9 August 2020, 9 October 2020 and
9 December 2020.

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The release is not for publication or distribution, in whole or in part directly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 into Australia, Canada, Japan or the United States
(including its territories and possessions, any state of the United States and
the District 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, in the 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 in
the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. 

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

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© Oslo Bors ASA, source Oslo Stock Exchange