Norwegian Air Shuttle ASA (NAS) – Initiates share buy-back in conjunction with employee share saving programme and LTI option plan

17 Nov 2025 08:20 CET

Norwegian Air Shuttle ASA has today engaged DNB Carnegie, a part of DNB Bank
ASA, to conduct a buy-back of own shares. The buy-back is being conducted under
the company’s employee share savings plan and the long-term incentive programme
(LTI) option plan for executive management.

The buy-back programme comprises a repurchase of up to 3,000,000 of Norwegian
shares for a total value of up to NOK 50 million. It will be conducted in the
period 17 November 2025 to 28 November 2025.

The buy-back will be conducted on the basis of the authorisation granted at the
Annual General Meeting on 14 May 2025 to purchase up to 96,384,620 shares at a
minimum share price of NOK 0.10 and a maximum share price of NOK 200.
Additionally, shares reserved for both the employee share saving programme and
the LTI programme may on an annual basis not exceed 2 percent of the company’s
issued share capital, corresponding to 21,127,778 shares. The authorisation has
not been utilised to date, and the company currently holds 1,685 treasury
shares.

The share buyback program will be carried out in accordance with Regulation (EU)
No 596/2014 (the "Market Abuse Regulation") and Commission Delegated Regulation
(EU) No 2016/1052 (the "Safe Harbour Regulation").


For further information, please contact, Jesper M. Hatletveit, Investor
Relations:
Tel: +47 906 64 401
Email: jesper.hatletveit@norwegian.com


Fornebu, 17 November 2025
Norwegian Air Shuttle ASA


This release is an announcement issued pursuant to legal information obligations
and is subject of the disclosure requirements pursuant to the Market Abuse
Regulation (MAR) Article 5 and section
3-2 of the Norwegian Securities Trading Act.

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