Norse Atlantic ASA: Mandatory notifications of trade - granting of share options to primary insiders

23 November 2023: Reference is made to the stock exchange notice by Norse Atlantic ASA (the "Company") on 8 May 2023 regarding the Company's share option program for members of the Company's senior management and selected key employees. The further details of the share option program are set out in the Company's report for the third quarter of 2023. The Company's board of directors has resolved to grant a total of 1,250,000 new share options under the share option program, each at a strike price of NOK 12.38. Each share option granted under the program carries the right to acquire one share in the Company. Following the new grant, the total number of outstanding share options in the Company is 4,093,750, equal to approximately 5.4% of the shares currently outstanding in the Company. The following primary insiders have been granted share options: · Anders Hall Jomaas (Chief Financial Officer) has been granted 500,000 share options. Following the grant, Anders holds 20,000 shares and 500,000 share options in Norse. · Bjørn Christian Heimdal Larsen (advisor to the CEO) has been granted 750,000 share options. Following the grant, Bjørn holds 50,000 shares and 750,000 share options in Norse. See the enclosed forms for further details about the transactions of the primary insiders. For further information, please contact: Investors: CFO, Anders Jomaas, Anders.Jomaas@flynorse.com Media: SVP Communications, Philip Allport, philip.allport@flynorse.com About Norse Norse Atlantic Airways is an airline that offers affordable fares on long-haul flights, primarily between Europe and the United States. The company was founded by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has a fleet of 15 modern, fuel-efficient and more environmentally friendly Boeing 787 Dreamliners that serve destinations including New York, Los Angeles, Orlando, Boston, Washington, Boston, Jamaica, Barbados, Bangkok, Miami, Oslo, London, Berlin, Rome and Paris. The company's first flight took off from Oslo to New York on June 14, 2022. This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.