Norse Atlantic ASA: Extended maturity of shareholder loan

15 Oct 2024 07:00 CEST

Arendal, 15 October 2024: Reference is made to the stock exchange announcement
published by Norse Atlantic ASA (the "Company") on 12 April 2024 regarding a USD
20 million revolving credit facility (the "Facility") from its two largest
shareholders Scorpio Holdings Limited and B T Larsen & Co Limited.

The Company hereby informs that it has agreed with the lenders to extend the
maturity date under the Facility from 15 October 2024 to 15 December 2024.
Except for the maturity date, the terms of the Facility remain unchanged.

For further information, please contact:

Investors: CFO, Anders Jomaas, Anders.Jomaas@flynorse.com

Media: SVP Communications, Philip Allport, philip.allport@flynorse.com

About Norse Atlantic ASA

Norse Atlantic Airways is an 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, Las Vegas, Los Angeles,
Orlando, Miami, Cape Town, Bangkok, Oslo, Athens, 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 pursuant to Section 5
-12 the Norwegian Securities Trading Act.

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