Norwegian Air Shuttle : NAS - DISCLOSURE OF LARGE SHAREHOLDING

Reference is made to the announcement made by Norwegian Air Shuttle ASA (NAS) on
9 September 2021. After the issuance of new shares in NAS following the
referenced conversion of Dividend Claims, Sundt AS ownership will represent
13.37% of the outstanding shares capital and voting rights in NAS. 

Sundt AS holds 124,003,198 shares in NAS. The foregoing calculations are based
on 927,335,572 outstanding shares in NAS after the issuance of the new shares.

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