Notice of Extraordinary General Meeting – Election of new Chair of the Board

28 Oct 2025 14:00 CET

Norwegian Air Shuttle ASA will hold an extraordinary general meeting on 20
November 2025 at 14:00 CET.

Svein Harald Øygard, Chair of the Board of Norwegian Air Shuttle ASA, has
informed the Nomination Committee of his decision to resign as Chair and member
of the Board of Directors. The Nomination Committee has proposed that an
extraordinary meeting be held on 20 November 2025 to elect Dag Mejdell as new
Chair of the Board.

“The Nomination Committee would like to express our gratitude to Svein Harald
Øygard for his pivotal work during his tenure as Chair of Norwegian from the
reconstruction in 2021 to a strong and leading Nordic airline today. His strong
commitment and dedication has greatly benefited the company’s development. The
committee is pleased to propose Dag Mejdell as the new Chair. Mr. Mejdell has
extensive experience as CEO of Dyno Nobel and Posten and board member in
domestic and international companies, including serving as the Chair of
Gjensidige Forsikring and Elopak. He has previously served as Chair of Norsk
Hydro and vice Chair of SAS. We believe he will compliment the current board
very well,” said Nils Bastiansen, chair of the Nomination Committee.

“I would like to thank the Nomination Committee for proposing me as Chair and
look forward to taking on the role. Norwegian has a rich company history and
plays a pivotal role in connecting people across the Nordics and beyond. I have
much respect for the work Svein Harald Øygard, the rest of the Board and all
colleagues across the group have done to bring Norwegian into the strong
position it holds today,” said nominated Chair, Dag Mejdell.

“When I started as Chair of Norwegian in June of 2021, Norwegian was emerging
from reconstruction and navigating the final phases of the pandemic,” said Svein
Harald Øygard, current Chair of the Board of Norwegian. “Since then, the company
has built robust and growing earnings, operating a modern fleet of 95 aircraft,
and ranks among Europe’s leading airlines on operational performance. The
accretive acquisition of Widerøe has further strengthened Norwegian’s position
as the industry leader in the Nordics.”

“Recently, the company reached three major targets I had set for myself,
securing a positive nominal return for the Norwegian taxpayers for the
pandemic-era rescue loan, paying the first shareholder dividend in company
history and lastly delivering the best ever quarterly result. I would like to
thank all the employees, management and especially CEO Geir Karlsen for the
tremendous job they have been doing. I also wish the next Chair best of luck in
the next phase for Norwegian,” said Øygard.

The extraordinary general meeting will be held digitally through Lumi. It will
not be possible to attend in person. For digital participation, please use the
link https://dnb.lumiconnect.com/100-788-837-934. Reference and PIN codes to the
meeting are available on VPS Investor Services, or in the form attached to the
notice to the individual shareholder. Shareholders may also submit a proxy, with
or without voting instructions, by 18 November 2025 at 16:00 (CET).

The notice is attached, and all relevant documents can be found at
https://www.norwegian.no/om-oss/selskapet/investor-relations/annual-general/.


For further information, please contact:
Nils Bastiansen, Chair of the Nomination Committee, Tel: +47 922 98 122
Jesper M. Hatletveit, Investor Relations, Norwegian Air Shuttle ASA, Tel: +47
906 64 401
Esben Tuman, Media Relations, Norwegian Air Shuttle ASA, Tel: +47 905 08 400


Fornebu, 28 October 2025
Norwegian Air Shuttle ASA


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

More information:
Access the news on Oslo Bors NewsWeb site

658120_NAS notice of EGM November 2025.pdf