BILLIGE FLYBILLETTER OG GODE TILBUD Bestill billige flybilletter, hotell og leiebil. Velg blant mer enn 100 destinasjoner verden over, og finn våre beste priser med

Lavpriskalenderen.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change. NORWEGIAN AIR SHUTTLE ASA Q32020 norwegian.com Norwegian Air Shuttle ASA Third quarter 2020 financial report 16,486 20,658 27,534 28,482 1,705 Q3 16 Q3 17 Q3 18

Q3 19 Q3 20

COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". NORWEGIAN AIR SHUTTLE ASA TRAFFIC FIGURES MARCH 2021 Norwegian Air Shuttle ASA Norwegian’s traffic figures for March are heavily influenced by the travel restrictions and soft demand. The capacity was 97% lower FOR NORWEGIAN AIR SHUTTLE ASA 6.375 PER CENT. SENIOR BOND TERMS FOR Execution version Norwegian Air Shuttle ASA 6.375 per cent. senior unsecured convertible USD 150,000,000 bonds 2019/2024

ISIN NO 001 0868284

NORWEGIAN AIR SHUTTLE ASA Norwegian Air Shuttle ASA – 29.08 2012 Registration Document Page 4 of 24 1. Risk factors The Company's activities expose it to a variety

of risks.

BILLIGE FLYBILLETTER OG GODE TILBUD Bestill billige flybilletter, hotell og leiebil. Velg blant mer enn 100 destinasjoner verden over, og finn våre beste priser med

Lavpriskalenderen.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change. NORWEGIAN AIR SHUTTLE ASA Q32020 norwegian.com Norwegian Air Shuttle ASA Third quarter 2020 financial report 16,486 20,658 27,534 28,482 1,705 Q3 16 Q3 17 Q3 18

Q3 19 Q3 20

COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". NORWEGIAN AIR SHUTTLE ASA TRAFFIC FIGURES MARCH 2021 Norwegian Air Shuttle ASA Norwegian’s traffic figures for March are heavily influenced by the travel restrictions and soft demand. The capacity was 97% lower FOR NORWEGIAN AIR SHUTTLE ASA 6.375 PER CENT. SENIOR BOND TERMS FOR Execution version Norwegian Air Shuttle ASA 6.375 per cent. senior unsecured convertible USD 150,000,000 bonds 2019/2024

ISIN NO 001 0868284

NORWEGIAN AIR SHUTTLE ASA Norwegian Air Shuttle ASA – 29.08 2012 Registration Document Page 4 of 24 1. Risk factors The Company's activities expose it to a variety

of risks.

BILLIGE FLYBILLETTER OG GODE TILBUD Bestill billige flybilletter, hotell og leiebil. Velg blant mer enn 100 destinasjoner verden over, og finn våre beste priser med

Lavpriskalenderen.

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA H12020 norwegian.com Norwegian Air Shuttle ASA First half year 2020 financial report 26,315 31,979 45,628 50,531 15,524 H1 16 H1 17 H1 18

H1 19 H1 20

2020 NO. 366 COS IN THE MATTER OF AND IN THE MATTER OF 3 substance of the Proposals in full under Norwegian law. 3 Summary of the Proposals' Effect on Shareholders and Creditors Shareholders 3.1 The interests of the single class of Shareholders are impaired by the

Proposals.

NORWEGIAN AIR SHUTTLE ASA 1 Avanza Bank AB Sweden 5,466,291 13.5 % 2 Nordnet Bank AB. Norway 4,077,828 10.1 % 3 MG Aviation Limited United Kingdom 3,257,450 8.0 % NORWEGIAN AIR SHUTTLE ASA 2 IMPORTANT INFORMATION This prospectus (the "Prospectus") has been prepared in connection with (i) the Offering and (ii) the listing of the New Shares on the Oslo Stock Exchange (the "Listing"), and is based on the simplified disclosure regime for secondary issuances, cf. Article 14 of Regulation (EU) 2017/1129 of the European Parliament and

of the Council of

NORWEGIAN AIR SHUTTLE ASA IMPORTANT INFORMATION This Securities Note (the “Securities Note”) has been prepared in connection with listing on Oslo Børs (the “Listing”) of (i) new shares each with a par value of NOK 10 (“Shares”) issued by Norwegian Air Shuttle ASA (“Norwegian”, the “Company” or the “Issuer”, and together with its direct and indirect subsidiaries, the FOR NORWEGIAN AIR SHUTTLE ASA 6.375 PER CENT. SENIOR BOND TERMS FOR Execution version Norwegian Air Shuttle ASA 6.375 per cent. senior unsecured convertible USD 150,000,000 bonds 2019/2024

ISIN NO 001 0868284

ANNUAL REPORT 2017

norwegian annual report 2017 v5.indd created: 09.10.2014 modified: 16.04.2018 : 11:15 all rigths reserved 2018 teigens design ipdf user

guide

HANDLING ADVICE FOR UNACCOMPANIED MINOR ERKLÆRING Handling Advice for Unaccompanied Minor Erklæring for barn som reiser alene Passenger details/Informasjon om passasjer: Family or

Surname/Etternavn

ENTRY RESTRICTIONS

Important information! It’s your responsibility to check entry and transit requirements with the authorities in your destination well before travel.; Requirements can change rapidly, information below is provided as guidance only and is accurate at the time of publishing.Keep updated on the latest entry regulations here (IATA).; Mandatory documentation may need to be completed some days NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change.

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019 NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

ENTRY RESTRICTIONS

Important information! It’s your responsibility to check entry and transit requirements with the authorities in your destination well before travel.; Requirements can change rapidly, information below is provided as guidance only and is accurate at the time of publishing.Keep updated on the latest entry regulations here (IATA).; Mandatory documentation may need to be completed some days NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change.

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019 NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

INFOIDCASHPOINTSSPEND For hver 1 000 NOK du bruker på flybilletter og tilleggsprodukter (skatter og avgifter inkludert), kan du bruke opptil 500 CashPoints.

For eksempel:

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM NORWEGIAN AIR SHUTTLE ASA Q42020 norwegian.com Norwegian Air Shuttle ASA Fourth quarter 2020 financial report 15,109 19,704 26,058 21,018 939 Q4 16 Q4 17 Q4 18 Q4

19 Q4 20 ASK

REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA H12020 norwegian.com Norwegian Air Shuttle ASA First half year 2020 financial report 26,315 31,979 45,628 50,531 15,524 H1 16 H1 17 H1 18

H1 19 H1 20

2020 NO. 366 COS IN THE MATTER OF AND IN THE MATTER OF 3 1. Definitions In these Proposals, unless inconsistent with the subject or context, the following expressions bear the following meanings: "2019 Convertible Bonds", Norwegian Air PROJECT NEW NORWEGIAN (NN) 6 NAS is targeting a lean and simplified narrow-body operation • Short-haul only and focused on core Nordic markets • Selected established, proven routes in the portfolio • Simpler flying patterns allow for increased utilization • Long-term, predictable planning of both network & operations • Stable baseline fleet, adding aircraft only if positive on full-year basis

INTERIM REPORT

Q22019 norwegian.com Interim report Norwegian Air Shuttle ASA – second quarter and first half 2019 5,861 6,632 7,775 10,228 12,182 Q2 15 Q2 16 Q2 17 Q2 18 Q2 19 NORWEGIAN AIR SHUTTLE ASA Disclaimer This presentation (the "Presentation") has been prepared by Norwegian Air Shuttle ASA (the "Company") solely for information purposes in connection with the Company's financial report for Q4, 2018 and may not be copied or passed on, in whole or in part,

ANNUAL REPORT 2015

2015-NORWEGIAN.INDD CR EATED: 09.10.2014 MODIFIED: 15.04.2016 : 14:48 ALL RIGTHS RESERVED 2016 TEIGENS DESIGN IPDF USER GUIDE This document is an interactive PDF (iPDF).

ENTRY RESTRICTIONS

Important information! It’s your responsibility to check entry and transit requirements with the authorities in your destination well before travel.; Requirements can change rapidly, information below is provided as guidance only and is accurate at the time of publishing.Keep updated on the latest entry regulations here (IATA).; Mandatory documentation may need to be completed some days NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change.

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019 NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

ENTRY RESTRICTIONS

Important information! It’s your responsibility to check entry and transit requirements with the authorities in your destination well before travel.; Requirements can change rapidly, information below is provided as guidance only and is accurate at the time of publishing.Keep updated on the latest entry regulations here (IATA).; Mandatory documentation may need to be completed some days NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change.

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019 NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

INFOIDCASHPOINTSSPEND For hver 1 000 NOK du bruker på flybilletter og tilleggsprodukter (skatter og avgifter inkludert), kan du bruke opptil 500 CashPoints.

For eksempel:

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM NORWEGIAN AIR SHUTTLE ASA Q42020 norwegian.com Norwegian Air Shuttle ASA Fourth quarter 2020 financial report 15,109 19,704 26,058 21,018 939 Q4 16 Q4 17 Q4 18 Q4

19 Q4 20 ASK

REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA H12020 norwegian.com Norwegian Air Shuttle ASA First half year 2020 financial report 26,315 31,979 45,628 50,531 15,524 H1 16 H1 17 H1 18

H1 19 H1 20

2020 NO. 366 COS IN THE MATTER OF AND IN THE MATTER OF 3 1. Definitions In these Proposals, unless inconsistent with the subject or context, the following expressions bear the following meanings: "2019 Convertible Bonds", Norwegian Air PROJECT NEW NORWEGIAN (NN) 6 NAS is targeting a lean and simplified narrow-body operation • Short-haul only and focused on core Nordic markets • Selected established, proven routes in the portfolio • Simpler flying patterns allow for increased utilization • Long-term, predictable planning of both network & operations • Stable baseline fleet, adding aircraft only if positive on full-year basis

INTERIM REPORT

Q22019 norwegian.com Interim report Norwegian Air Shuttle ASA – second quarter and first half 2019 5,861 6,632 7,775 10,228 12,182 Q2 15 Q2 16 Q2 17 Q2 18 Q2 19 NORWEGIAN AIR SHUTTLE ASA Disclaimer This presentation (the "Presentation") has been prepared by Norwegian Air Shuttle ASA (the "Company") solely for information purposes in connection with the Company's financial report for Q4, 2018 and may not be copied or passed on, in whole or in part,

ANNUAL REPORT 2015

2015-NORWEGIAN.INDD CR EATED: 09.10.2014 MODIFIED: 15.04.2016 : 14:48 ALL RIGTHS RESERVED 2016 TEIGENS DESIGN IPDF USER GUIDE This document is an interactive PDF (iPDF).

ENTRY RESTRICTIONS

Important information! It’s your responsibility to check entry and transit requirements with the authorities in your destination well before travel.; Requirements can change rapidly, information below is provided as guidance only and is accurate at the time of publishing.Keep updated on the latest entry regulations here (IATA).; Mandatory documentation may need to be completed some days NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change.

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019 NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

ENTRY RESTRICTIONS

Important information! It’s your responsibility to check entry and transit requirements with the authorities in your destination well before travel.; Requirements can change rapidly, information below is provided as guidance only and is accurate at the time of publishing.Keep updated on the latest entry regulations here (IATA).; Mandatory documentation may need to be completed some days NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change.

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019 NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

INFOIDCASHPOINTSSPEND For hver 1 000 NOK du bruker på flybilletter og tilleggsprodukter (skatter og avgifter inkludert), kan du bruke opptil 500 CashPoints.

For eksempel:

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM NORWEGIAN AIR SHUTTLE ASA Q42020 norwegian.com Norwegian Air Shuttle ASA Fourth quarter 2020 financial report 15,109 19,704 26,058 21,018 939 Q4 16 Q4 17 Q4 18 Q4

19 Q4 20 ASK

REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA H12020 norwegian.com Norwegian Air Shuttle ASA First half year 2020 financial report 26,315 31,979 45,628 50,531 15,524 H1 16 H1 17 H1 18

H1 19 H1 20

2020 NO. 366 COS IN THE MATTER OF AND IN THE MATTER OF 3 1. Definitions In these Proposals, unless inconsistent with the subject or context, the following expressions bear the following meanings: "2019 Convertible Bonds", Norwegian Air PROJECT NEW NORWEGIAN (NN) 6 NAS is targeting a lean and simplified narrow-body operation • Short-haul only and focused on core Nordic markets • Selected established, proven routes in the portfolio • Simpler flying patterns allow for increased utilization • Long-term, predictable planning of both network & operations • Stable baseline fleet, adding aircraft only if positive on full-year basis

INTERIM REPORT

Q22019 norwegian.com Interim report Norwegian Air Shuttle ASA – second quarter and first half 2019 5,861 6,632 7,775 10,228 12,182 Q2 15 Q2 16 Q2 17 Q2 18 Q2 19 NORWEGIAN AIR SHUTTLE ASA Disclaimer This presentation (the "Presentation") has been prepared by Norwegian Air Shuttle ASA (the "Company") solely for information purposes in connection with the Company's financial report for Q4, 2018 and may not be copied or passed on, in whole or in part,

ANNUAL REPORT 2015

2015-NORWEGIAN.INDD CR EATED: 09.10.2014 MODIFIED: 15.04.2016 : 14:48 ALL RIGTHS RESERVED 2016 TEIGENS DESIGN IPDF USER GUIDE This document is an interactive PDF (iPDF).

ENTRY RESTRICTIONS

Important information! It’s your responsibility to check entry and transit requirements with the authorities in your destination well before travel.; Requirements can change rapidly, information below is provided as guidance only and is accurate at the time of publishing.Keep updated on the latest entry regulations here (IATA).; Mandatory documentation may need to be completed some days NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change.

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019 NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

ENTRY RESTRICTIONS

Important information! It’s your responsibility to check entry and transit requirements with the authorities in your destination well before travel.; Requirements can change rapidly, information below is provided as guidance only and is accurate at the time of publishing.Keep updated on the latest entry regulations here (IATA).; Mandatory documentation may need to be completed some days NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change.

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019 NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

INFOIDCASHPOINTSSPEND For hver 1 000 NOK du bruker på flybilletter og tilleggsprodukter (skatter og avgifter inkludert), kan du bruke opptil 500 CashPoints.

For eksempel:

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM NORWEGIAN AIR SHUTTLE ASA Q42020 norwegian.com Norwegian Air Shuttle ASA Fourth quarter 2020 financial report 15,109 19,704 26,058 21,018 939 Q4 16 Q4 17 Q4 18 Q4

19 Q4 20 ASK

REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA H12020 norwegian.com Norwegian Air Shuttle ASA First half year 2020 financial report 26,315 31,979 45,628 50,531 15,524 H1 16 H1 17 H1 18

H1 19 H1 20

2020 NO. 366 COS IN THE MATTER OF AND IN THE MATTER OF 3 1. Definitions In these Proposals, unless inconsistent with the subject or context, the following expressions bear the following meanings: "2019 Convertible Bonds", Norwegian Air PROJECT NEW NORWEGIAN (NN) 6 NAS is targeting a lean and simplified narrow-body operation • Short-haul only and focused on core Nordic markets • Selected established, proven routes in the portfolio • Simpler flying patterns allow for increased utilization • Long-term, predictable planning of both network & operations • Stable baseline fleet, adding aircraft only if positive on full-year basis

INTERIM REPORT

Q22019 norwegian.com Interim report Norwegian Air Shuttle ASA – second quarter and first half 2019 5,861 6,632 7,775 10,228 12,182 Q2 15 Q2 16 Q2 17 Q2 18 Q2 19 NORWEGIAN AIR SHUTTLE ASA Disclaimer This presentation (the "Presentation") has been prepared by Norwegian Air Shuttle ASA (the "Company") solely for information purposes in connection with the Company's financial report for Q4, 2018 and may not be copied or passed on, in whole or in part,

ANNUAL REPORT 2015

2015-NORWEGIAN.INDD CR EATED: 09.10.2014 MODIFIED: 15.04.2016 : 14:48 ALL RIGTHS RESERVED 2016 TEIGENS DESIGN IPDF USER GUIDE This document is an interactive PDF (iPDF).

ENTRY RESTRICTIONS

Important information! It’s your responsibility to check entry and transit requirements with the authorities in your destination well before travel.; Requirements can change rapidly, information below is provided as guidance only and is accurate at the time of publishing.Keep updated on the latest entry regulations here (IATA).; Mandatory documentation may need to be completed some days NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change.

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019 NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

ENTRY RESTRICTIONS

Important information! It’s your responsibility to check entry and transit requirements with the authorities in your destination well before travel.; Requirements can change rapidly, information below is provided as guidance only and is accurate at the time of publishing.Keep updated on the latest entry regulations here (IATA).; Mandatory documentation may need to be completed some days NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

STOCK MARKET NEWS

The Company’s new share capital is NOK 4,230,916.80 divided into 42,309,168 shares, each with a nominal value of NOK 0.10. Issuance of the new shares in the VPS is expected to take place today. Fornebu, 25 May 2021. Norwegian Air Shuttle ASA. NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change.

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019 NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

INFOIDCASHPOINTSSPEND For hver 1 000 NOK du bruker på flybilletter og tilleggsprodukter (skatter og avgifter inkludert), kan du bruke opptil 500 CashPoints.

For eksempel:

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM NORWEGIAN AIR SHUTTLE ASA Q42020 norwegian.com Norwegian Air Shuttle ASA Fourth quarter 2020 financial report 15,109 19,704 26,058 21,018 939 Q4 16 Q4 17 Q4 18 Q4

19 Q4 20 ASK

REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. NORWEGIAN AIR SHUTTLE ASA H12020 norwegian.com Norwegian Air Shuttle ASA First half year 2020 financial report 26,315 31,979 45,628 50,531 15,524 H1 16 H1 17 H1 18

H1 19 H1 20

2020 NO. 366 COS IN THE MATTER OF AND IN THE MATTER OF 3 1. Definitions In these Proposals, unless inconsistent with the subject or context, the following expressions bear the following meanings: "2019 Convertible Bonds", Norwegian Air PROJECT NEW NORWEGIAN (NN) 6 NAS is targeting a lean and simplified narrow-body operation • Short-haul only and focused on core Nordic markets • Selected established, proven routes in the portfolio • Simpler flying patterns allow for increased utilization • Long-term, predictable planning of both network & operations • Stable baseline fleet, adding aircraft only if positive on full-year basis

INTERIM REPORT

Q22019 norwegian.com Interim report Norwegian Air Shuttle ASA – second quarter and first half 2019 5,861 6,632 7,775 10,228 12,182 Q2 15 Q2 16 Q2 17 Q2 18 Q2 19 NORWEGIAN AIR SHUTTLE ASA Disclaimer This presentation (the "Presentation") has been prepared by Norwegian Air Shuttle ASA (the "Company") solely for information purposes in connection with the Company's financial report for Q4, 2018 and may not be copied or passed on, in whole or in part,

ANNUAL REPORT 2015

2015-NORWEGIAN.INDD CR EATED: 09.10.2014 MODIFIED: 15.04.2016 : 14:48 ALL RIGTHS RESERVED 2016 TEIGENS DESIGN IPDF USER GUIDE This document is an interactive PDF (iPDF). NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

NORWEGIAN AIR SHUTTLE ASA Q32020 norwegian.com Norwegian Air Shuttle ASA Third quarter 2020 financial report 16,486 20,658 27,534 28,482 1,705 Q3 16 Q3 17 Q3 18

Q3 19 Q3 20

NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change. COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019NORWEGIAN AIR SHUTTLENORWEGIAN AIR SHUTTLE OFFICIAL SITENORWEGIAN AIR SHUTTLE STOCK NEWSNORWEGIAN AIR SHUTTLE WEBSITENORWEGIAN SHUTTLE FLIGHTSNORWEGIAN CRUISE LINE 2019 CRUISES NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

ANNUAL REPORT 2015

2015-norwegian.indd cr eated: 09.10.2014 modified: 15.04.2016 : 14:48 all rigths reserved 2016 teigens design annual report 2015 norwegian

air shuttle asa

ANNUAL REPORT NORWEGIAN AIR SHUTTLE ASA 2010 Annual Report Norwegian Air Shuttle ASA 2010 2 The Board of Directors' Annual Report Norwegian Air Shuttle ASA is a publicly owned airline listed on the Oslo Stock Exchange. NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

NORWEGIAN AIR SHUTTLE ASA Q32020 norwegian.com Norwegian Air Shuttle ASA Third quarter 2020 financial report 16,486 20,658 27,534 28,482 1,705 Q3 16 Q3 17 Q3 18

Q3 19 Q3 20

NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change. COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019NORWEGIAN AIR SHUTTLENORWEGIAN AIR SHUTTLE OFFICIAL SITENORWEGIAN AIR SHUTTLE STOCK NEWSNORWEGIAN AIR SHUTTLE WEBSITENORWEGIAN SHUTTLE FLIGHTSNORWEGIAN CRUISE LINE 2019 CRUISES NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

ANNUAL REPORT 2015

2015-norwegian.indd cr eated: 09.10.2014 modified: 15.04.2016 : 14:48 all rigths reserved 2016 teigens design annual report 2015 norwegian

air shuttle asa

ANNUAL REPORT NORWEGIAN AIR SHUTTLE ASA 2010 Annual Report Norwegian Air Shuttle ASA 2010 2 The Board of Directors' Annual Report Norwegian Air Shuttle ASA is a publicly owned airline listed on the Oslo Stock Exchange. INFOIDCASHPOINTSSPEND For hver 1 000 NOK du bruker på flybilletter og tilleggsprodukter (skatter og avgifter inkludert), kan du bruke opptil 500 CashPoints.

For eksempel:

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM PARTNERSHIP WITH UNICEF UNICEF & Norwegian. For more than a decade, UNICEF has been Norwegian's most important humanitarian partner. Since 2014, the airline has carried out five humanitarian aid flights with UNICEF to the Central African Republic (2014), Jordan (2015), Mali (2017), Yemen (2017) and Chad (2018). Together with our passengers, we have raised

millions of

NORWEGIAN AIR SHUTTLE ASA TRAFFIC FIGURES MAY 2021 Norwegian Air Shuttle ASA Norwegian’s traffic figures for May are heavily influenced by the travel restrictions and soft demand. The capacity was 41% higher than STATEMENT ON REMUNERATION The purpose of executive remuneration in Norwegian is to stimulate a strong and lasting performance-oriented culture, enabling Norwegian to deliver on its strategy. The total compensation level should be competitive compared to similar organizations. 2020 NO. 366 COS IN THE MATTER OF AND IN THE MATTER OF 3 substance of the Proposals in full under Norwegian law. 3 Summary of the Proposals' Effect on Shareholders and Creditors Shareholders 3.1 The interests of the single class of Shareholders are impaired by the

Proposals.

FOR NORWEGIAN AIR SHUTTLE ASA 6.375 PER CENT. SENIOR BOND TERMS FOR Execution version Norwegian Air Shuttle ASA 6.375 per cent. senior unsecured convertible USD 150,000,000 bonds 2019/2024

ISIN NO 001 0868284

NORWEGIAN AIR SHUTTLE ASA Underlying EBT improvement of MNOK 4 4 • Fuel price up 36 % since last year –equivalent to MNOK 193 • More efficient aircraft saves MNOK 33 in fuel cost • MNOK 35 accumulated maintenance provisions for re-delivery of 737-300’s-188-27 193 35 30 7 3 33 Result impr. MNOK 4-250-200-150-100-50 0 50 100 150 200 Q4 2011 Acutal Fuel Price

increase

ANNUAL REPORT 2015

2015-norwegian.indd cr eated: 09.10.2014 modified: 15.04.2016 : 14:48 all rigths reserved 2016 teigens design annual report 2015 norwegian

air shuttle asa

HANDLING ADVICE FOR UNACCOMPANIED MINOR ERKLÆRING Handling Advice for Unaccompanied Minor Erklæring for barn som reiser alene Passenger details/Informasjon om passasjer: Family or

Surname/Etternavn

NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

NORWEGIAN AIR SHUTTLE ASA Q32020 norwegian.com Norwegian Air Shuttle ASA Third quarter 2020 financial report 16,486 20,658 27,534 28,482 1,705 Q3 16 Q3 17 Q3 18

Q3 19 Q3 20

NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change. COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019NORWEGIAN AIR SHUTTLENORWEGIAN AIR SHUTTLE OFFICIAL SITENORWEGIAN AIR SHUTTLE STOCK NEWSNORWEGIAN AIR SHUTTLE WEBSITENORWEGIAN SHUTTLE FLIGHTSNORWEGIAN CRUISE LINE 2019 CRUISES NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

ANNUAL REPORT 2015

2015-norwegian.indd cr eated: 09.10.2014 modified: 15.04.2016 : 14:48 all rigths reserved 2016 teigens design annual report 2015 norwegian

air shuttle asa

ANNUAL REPORT NORWEGIAN AIR SHUTTLE ASA 2010 Annual Report Norwegian Air Shuttle ASA 2010 2 The Board of Directors' Annual Report Norwegian Air Shuttle ASA is a publicly owned airline listed on the Oslo Stock Exchange. NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2020 norwegian air shuttle – annual report 2020 2 contents letter from the ceo 3 board of director's report 5 financial statements 16

consolidated 17

NORWEGIAN AIR SHUTTLE ASA Q32020 norwegian.com Norwegian Air Shuttle ASA Third quarter 2020 financial report 16,486 20,658 27,534 28,482 1,705 Q3 16 Q3 17 Q3 18

Q3 19 Q3 20

NORWEGIAN AIR SHUTTLE ASA Factual statements, statistical data, information regarding actual and proposed issues, views expressed, and projections, for ecasts or statements relating to various matters referred to in this Presentation may change. COMPANY PRESENTATION 14 APRIL 2021 The Presentation comprises a general summary of certain matters in connection with the Group and the ongoing Examinership andReconstruction processes as further announced by the Company in various stock exchange notices, and do not purport to contain all of the information that any NORWEGIAN AIR SHUTTLE ASA 2 Important Information This prospectus (the "Prospectus") has been prepared in connection with the Rights Issue and the listing of the Offer Shares on the Oslo Stock Exchange (the "Listing").For the definitions of terms used throughout this Prospectus, see Section 17 "Definitions and glossary". NORWEGIAN AIR SHUTTLE ASA ANNUAL REPORT 2019NORWEGIAN AIR SHUTTLENORWEGIAN AIR SHUTTLE OFFICIAL SITENORWEGIAN AIR SHUTTLE STOCK NEWSNORWEGIAN AIR SHUTTLE WEBSITENORWEGIAN SHUTTLE FLIGHTSNORWEGIAN CRUISE LINE 2019 CRUISES NORWEGIAN AIR SHUTTLE – ANNUAL REPORT 2019 3 LETTER FROM THE CEO 2019 was an eventful year that presented renewed challenges in the

aviation industry

REPORTS AND PRESENTATIONS Reports & Presentations. Here you will find the company’s annual and quarterly reports, prospectuses, investor presentations and monthly traffic figures dating back to 2003. UPDATE TO THE BONDHOLDERS 15. OCTOBER 2020 Building a strong foundation to return to the skies 4 In 2020, Norwegian was named the 10th most valuable brand in Norway by Brand Finance. This year's selection was carried out after the Covid-19 eruption which contributed to Norwegian being down from 5th place in

2019.

ANNUAL REPORT 2015

2015-norwegian.indd cr eated: 09.10.2014 modified: 15.04.2016 : 14:48 all rigths reserved 2016 teigens design annual report 2015 norwegian

air shuttle asa

ANNUAL REPORT NORWEGIAN AIR SHUTTLE ASA 2010 Annual Report Norwegian Air Shuttle ASA 2010 2 The Board of Directors' Annual Report Norwegian Air Shuttle ASA is a publicly owned airline listed on the Oslo Stock Exchange. INFOIDCASHPOINTSSPEND For hver 1 000 NOK du bruker på flybilletter og tilleggsprodukter (skatter og avgifter inkludert), kan du bruke opptil 500 CashPoints.

For eksempel:

WWW.NORWEGIAN.NO

Created Date: 6/4/2021 12:59:44 PM NORWEGIAN AIR SHUTTLE ASA Norwegian now has the second strongest balance sheets in Europe Note 1: While for a majority of airlines, Net Debts have been calculated as of 31/03/2021, there can be some timing differenc es due to availability of data. PARTNERSHIP WITH UNICEF UNICEF & Norwegian. For more than a decade, UNICEF has been Norwegian's most important humanitarian partner. Since 2014, the airline has carried out five humanitarian aid flights with UNICEF to the Central African Republic (2014), Jordan (2015), Mali (2017), Yemen (2017) and Chad (2018). Together with our passengers, we have raised

millions of

NORWEGIAN AIR SHUTTLE ASA TRAFFIC FIGURES MAY 2021 Norwegian Air Shuttle ASA Norwegian’s traffic figures for May are heavily influenced by the travel restrictions and soft demand. The capacity was 41% higher than STATEMENT ON REMUNERATION The purpose of executive remuneration in Norwegian is to stimulate a strong and lasting performance-oriented culture, enabling Norwegian to deliver on its strategy. The total compensation level should be competitive compared to similar organizations. 2020 NO. 366 COS IN THE MATTER OF AND IN THE MATTER OF 3 substance of the Proposals in full under Norwegian law. 3 Summary of the Proposals' Effect on Shareholders and Creditors Shareholders 3.1 The interests of the single class of Shareholders are impaired by the

Proposals.

ARTICLES OF ASSOCIATION Article 8. The Company shall have a nomination committee. The committee's duties are to issue a recommendation to the Annual General Meeting (and other general meetings as the case may be) regarding the election of shareholder-elected members and deputy members of the Board. The committee consists of minimum three members who shall be

ANNUAL REPORT 2015

2015-norwegian.indd cr eated: 09.10.2014 modified: 15.04.2016 : 14:48 all rigths reserved 2016 teigens design annual report 2015 norwegian

air shuttle asa

FOR NORWEGIAN AIR SHUTTLE ASA 6.375 PER CENT. SENIOR BOND TERMS FOR Execution version Norwegian Air Shuttle ASA 6.375 per cent. senior unsecured convertible USD 150,000,000 bonds 2019/2024

ISIN NO 001 0868284

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