Norse Atlantic ASA: Mandatory notifications of trade of close associates

21 Apr 2023 13:40 CEST

21 April 2023: Reference is made to the stock exchange notice by Norse Atlantic
ASA (the "Company") on 20 April 2023 regarding the completion of the subsequent
offering of 60,000,000 new shares in the Company (the "Subsequent Offering"), at
a subscription price of NOK 2.50 per share (the "Offer Price").

Vineta Ltd, a company wholly owned by Terje Bodin Larsen, chairperson of the
board of directors of the Company, was allocated 200,000 shares in the
Subsequent Offering at the Offer Price. Following the transaction, Terje Bodin
Larsen and related parties will control 300,000 shares in the Company.

Furthermore, to facilitate an appropriate share capital before the share
consolidation so that the total amount of shares may be divided in the ratio
4:1, B T Larsen & Co Limited, a company controlled by Bjørn Tore Larsen, CEO of
the Company, has subscribed for 2 new shares in the Company, at a subscription
price of NOK 4.00. Following the transaction, Bjørn Tore Larsen and related
parties will control 52,850,313 shares in the Company.

See the enclosed forms for further details about the transactions of the close
associates of primary insiders.

For further information, please contact:

Ben Boiling, CFO

Phone: +47 912 40 945

Email: ben.boiling@flynorse.com

About Norse Atlantic ASA:

Norse Atlantic Airways is a new airline that offers affordable fares on long
-haul flights, primarily between Europe and the United States. The company was
founded by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has
a fleet of 15 modern, fuel-efficient and more environmentally friendly Boeing
787 Dreamliners that serve destinations including New York, Los Angeles, Fort
Lauderdale, Orlando, Oslo, London, Berlin, Rome and Paris. The Company's first
flight took off from Oslo to New York on June 14, 2022.

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities
Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

588207_Norse_Atlantic_ASA_Disclosure_of_transations_by_PDMRS_and_PCAS_17382936_1_.pdf