Norwegian Air Shuttle ASA (NAS) – Completion of share buy-back

28 Nov 2025 16:30 CET

Reference is made to the stock exchange announcement published by Norwegian Air
Shuttle ASA on 17 November 2025 where it was announced that Norwegian had
engaged DNB Carnegie, a part of DNB Bank ASA, to conduct a buy-back of own
shares in conjunction with the company’s share savings plan and the long-term
incentive programme (LTI) option plan for executive management.

The buy-back programme comprised a purchase of up to 3,000,000 of Norwegian
shares in the period of 17 November 2025 to 28 November 2025.

Aggregated overview of transactions:

Date / Aggregated daily volume / VWAP (NOK) / Transaction value (NOK)

24/11/2025 / 300,000 / 16.1812 / 4,854,360
25/11/2025 / 300,000 / 16.7209 / 5,016,270
26/11/2025 / 300,000 / 17.2406 / 5,172,180
27/11/2025 / 300,000 / 17.2826 / 5,184,780
28/11/2025 / 300,000 / 17.1466 / 5,143,980


Aggregated volume / VWAP (NOK) / Transaction value (NOK)

Previously disclosed buy-back in programme: 1,500,000 / 15.3299 /
22,994,850

Accumulated buy-back in programme: 3,000,000 / 16.1221 / 48,366,420

The share buy-back has now been completed. The company now holds 3,001,685
treasury shares, corresponding to 0.28 percent of total issued share capital.


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


Fornebu, 28 November 2025
Norwegian Air Shuttle ASA

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