Update regarding EU ETS obligations for 2020

02 Mar 2023 16:30 CET

Reference is made to stock exchange announcement dated 16 December 2022 in which
Norwegian Air Shuttle ASA (the “Company”) was notified that the Ministry of
Climate and Environment maintained that the Company is liable to pay a fee for
the failure to meet its EU ETS obligations for 2020, in a period when the
Company was under reconstruction and was thereby prevented to meet these
obligations.

Norwegian authorities have notified the Company that suspension of payment will
not be granted despite the fee being subject to legal proceedings. The Company
disagrees with the authorities’ decision to enforce payment prior to a
conclusion being reached through legal proceedings given the principled nature
of the matter. Still, to avoid enforcement, the Company has made a payment
corresponding to the fee amount of close to NOK 400 million. The Company will
seek a return of this amount plus interest following a final conclusion.


For further information, please contact:
Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA Tel: +47
906 64 401


Norwegian Air Shuttle ASA
Fornebu, 2 March 2023


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

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