NORWEGIAN AIR SHUTTLE ASA Reference is made to the following bond issues ofNorwegian Air Shuttle ASA (the "Company"): (i)Norwegian Air Shuttle ASA 2019/2024 senior unsecured 6.375% USD convertible bond loan with ISIN NO 0010868284 in the aggregate amount ofUSD 6,256,000.00 ("USD Convertible Bonds"); and (ii)Norwegian Air Shuttle ASA perpetual 0% USD convertible bond loan with ISIN NO 0010883515 in the aggregate amount ofUSD 69,537,880.00 ("USD Perpetual Bonds"). The USD Convertible Bonds constitute the remaining part of the originalUSD 150 million convertible bond loan issued in Q4 2019. The USD Perpetual Bonds is a part of the Company's subordinated perpetual bond issues as further described in the prospectus dated5 May 2020 (the "Prospectus"). As set out in the Prospectus, the perpetual bonds have been issued on multiple ISINs reflecting different currencies of issue. The Company has received conversion notices from bondholders representing (a)USD 46,000.00 of USD Convertible Bonds; and (b)USD 63,134,169.00 of USD Perpetuals Bonds, which pursuant to standard terms set out in the bond terms are convertible into 1,569,069 new shares in the Company. Following the conversion, the principle amount outstanding amount under the USD Convertible Bonds isUSD 6,210,000.00 and the outstanding amount under USD Perpetual Bonds isUSD 6,403,711.00 . NAS has perpetual bonds in issue in the nominal amount of approximatelyNOK 104 million , including amounts issued in other currencies exchanged into NOK at the fixed exchange rate set out in the applicable perpetual bond agreements and excluding certain perpetual bonds held by the Company. The outstanding amount may in the option of the holders be converted into approximately 245 thousand shares in the Company atNOK 424.919 , subject to anti-dilution provisions as set out in the Prospectus. The Company's share capital is increased byNOK 156,906.90 by issue of 1,569,069 new shares. The increase pertaining to the conversion of the USD Convertible Bonds and USD Perpetual Bonds has today been registered in theNorwegian Register ofBusiness Enterprises (Nw.: Foretaksregisteret). The Company's new share capital isNOK 4,205,247.20 divided into 42,052,472 shares, each with a nominal value ofNOK 0.10 . Issuance of the new shares in the VPS is expected to take place today. Fornebu,3 May 2021 Norwegian Air Shuttle ASA This information is subject of the disclosure requirements according to Market Abuse Regulation (MAR) Article 17 no. 1, and was prepared by Tore Østby, Investor Relations atNorwegian Air Shuttle ASA , tel +47 99546400.
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