NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S
REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY
OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.


Reference is made to the stock exchange announcements of Norwegian Air Shuttle
ASA (the "Company" or the "Group") dated 14 January 2021 and 19 February 2021
wherein the board of directors of the Company reported on indicative plans for
the Company's emergence from its ongoing restructuring processes and the stock
exchange announcement dated 11 March 2021 announcing that  Mr Kieran Wallace of
KPMG Ireland as Examiner of the Company and a number of Irish subsidiaries of
the Group (the "Examinership Companies") had proposed schemes of arrangement for
the financial restructuring the Company and the Examinership Companies (together
the "Restructuring Proposals"). 

Following the formulation of the Restructuring Proposals the Examiner convened
meetings of the relevant classes of members and creditors of the Company and the
Examinership Companies to consider and vote upon the Restructuring Proposals.
Those meetings initially took place over the course of 18 - 20 March 2021, with
certain inquorate meetings adjourned to 22 March 2021 and 23 March 2021. 

The Restructuring Proposals were approved by the shareholders of NAS and by a
majority of meetings of Creditors of NAS and by a majority of the meetings of
the creditors of the Examinership Companies. 

Today the Examiner presented the Restructuring Proposals to the Irish High Court
for consideration and confirmation. The judge of the High Court approved the
scheme for an exit of the Examinership.

Following the ruling by the Irish High Court the Norwegian Reconstructor Håvard
Wiker at Ro Sommernes advokatfirma DA will open the voting process in Norway on
the NAS restructuring proposal to be concluded on or about 9 April 2021.  

In the event the voting process in Norway on the NAS restructuring is approved,
the Company will move forward with the Capital Raise commencing in April and
target closing in May 2021.


For more information, please contact: 
Geir Karlsen, CFO, phone +47 916 08 332 

Press contact: 
Esben Tuman, SVP External Communications, phone +47 905 08 400 

Fornebu, 26 March 2021 
Norwegian Air Shuttle ASA 


This information is subject of the disclosure requirements according to the
Market Abuse Regulation (MAR) Article 17 no. 1, and was prepared by EVP Tore
Østby at Norwegian Air Shuttle ASA, tel +47 995 46 400.



Important information 
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, the Hong Kong Special
Administrative Region Of The People's Republic Of China, South Africa, New
Zealand, Japan or the United States (including its territories and possessions,
any state of the United States and the District of Columbia). 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 announcement is an advertisement and is not a prospectus for the purposes
of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14
June 2017 on prospectuses to be published when securities are offered to the
public or admitted to trading on a regulated market, and repealing Directive
2003/71/EC (as amended) as implemented in any Member State. 
Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.

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© Oslo Bors ASA, source Oslo Stock Exchange