Norwegian Air Shuttle ASA (NAS) – Grant of share options

Reference is made to the stock exchange announcement on 23 May 2023 regarding the Annual General Meeting where it was resolved to grant the Board of Directors an authorisation to issue shares in connection with the company’s incentive programs. On 28th September 2023, executives in Norwegian were granted a total of 1,243,820 share options in Norwegian Air shuttle ASA (NAS). The share options were granted as follows: Geir Karlsen, Chief Executive Officer (CEO), has been granted share 764,183 share options. Following the grant, Karlsen holds 2,561,731 options and 651,478 shares in NAS. Hans-Jørgen Wibstad, Chief Financial Officer (CFO), has been granted 140,897 share options. Following the grant, Wibstad holds 563,589 options and 70,000 shares in NAS. Magnus Thome Maursund, Chief Commercial Officer (CCO), has been granted 61,642 share options. Following the grant, Thome Maursund holds 246,569 options and 3,897 shares in NAS. Christoffer Sundby, Chief Marketing & Customer Officer (CMCO), has been granted 77,493 share options. Following the grant, Sundby holds 309,973 options and 338,859 shares in NAS. Guro H. Poulsen, Chief People Officer (CPO), has been granted 46,966 share options. Following the grant, Poulsen holds 187,863 options and 236,808 shares in NAS. Knut Olav Irgens Høeg, Chief IT & Business Services Officer (CIBSO), has been granted 54,011 share options. Following the grant, Irgens Høeg holds 216,043 options and 239,847 shares in NAS. Tore Kristian Jenssen, Chief Asset Officer (CAO), has been granted 63,404 share options. Following the grant, Jenssen holds 255,315 options and zero shares in NAS. Anne-Sissel Skånvik, Chief Communications and Public Affairs Officer (CCPAO), has been granted 35,224 share options. Following the grant, Skånvik holds 141,597 options and 50,095 shares in NAS. The granted share options vests one-third each anniversary from the grant date and vested options may be exercised until expiry seven years following the grant. Each share option corresponds to one share and the strike price is NOK 13.50 per share. Please see attached notifications for persons discharging managerial responsibilities in accordance with Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian Securities Trading Act. For further information, please contact: Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA: +47 906 64 401 Fornebu, 29 September 2023 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 19 no. 3 and section 5-12 of the Norwegian Securities Trading Act, and was prepared by Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA, tel. +47 906 64 401.