Ministry of Climate and Environment files appeal regarding EU ETS obligations for 2020

29 Jan 2025 20:00 CET

Reference is made to the stock exchange announcement dated 20 December 2024, in
which Norwegian Air Shuttle ASA (“Norwegian”) announced that the Oslo District
Court ruled in full favour of Norwegian regarding the EU ETS obligations for
2020, in a period where Norwegian was subject to reconstruction in the Norwegian
courts. The Oslo District Court ruled that Norwegian was fully entitled to
fulfil its EU ETS obligations by offering dividend corresponding to the
allowance obligations and that that the penalty for the failure to meet the EU
ETS obligations for 2020 was unlawful. Thus, Norwegian is entitled to a full
refund of the penalty amount of close to NOK 400 million with interest,
currently amounting to NOK 88.1 million, should the decision become final and
enforceable.

Norwegian was today notified that the Ministry of Climate and Environment have
filed an appeal to the Court of Appeal to challenge the decision of the Oslo
District Court. The hearing of the appeal is expected to be held later in 2025.

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, 29 January 2025


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

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