Press release - 16 June 2014 16:03

Successful placement of new senior unsecured bond

Reference is made to the notification sent 13th June 2014 regarding a potential new bond issue for Norwegian Air Shuttle ASA ("Norwegian").

Norwegian has successfully completed the book building of NOK 400 million in a new unsecured bond issue with a tenor of 3 years in the Norwegian bond market. In connection with the book building, Norwegian has of days date received acceptances to the buy-back offer of a nominal amount of approximately NOK 200 million in NAS03. The issuance of the new unsecured bond loan and the completion of the buy-back offer is subject to the acceptance by the bondholders of NAS03 of the proposal sent in the summons to the bondholders meeting that will take place on 27 June 2014 (requiring a simple majority in the bondholders meeting).

The settlement date for the bond issue is expected to be 3 July 2014. Net proceeds from the bond issue will be used for refinancing of existing debt and general corporate purposes. An application will be made for listing of the bonds on Oslo Stock Exchange.

ABG Sundal Collier and Danske Bank Markets acted as Joint Lead Managers for the placement of the bond issue, and act as advisors for the buy-back offer.

For further information, please contact:
Norwegian Air Shuttle ASA: Frode Foss, CFO, Tel: +47 91 63 16 45
ABG Sundal Collier: Jon Erlend Arnesen, Tel: +47 22 01 60 32
Danske Bank Markets: Petter Westlye, Tel: +47 22 86 13 29

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Norwegian.com

The Norwegian group is a leading Nordic aviation company, headquartered at Fornebu outside Oslo, Norway. The company has over 8,200 employees and owns two of the prominent airlines in the Nordics: Norwegian Air Shuttle and Widerøe’s Flyveselskap. Widerøe was acquired by Norwegian in 2024, aiming to facilitate seamless air travel across the two airline’s networks.

Norwegian Air Shuttle, the largest Norwegian airline with around 4,700 employees, operates an extensive route network connecting Nordic countries to key European destinations. In 2023, Norwegian carried over 20 million passengers and maintained a fleet of 87 Boeing 737-800 and 737 MAX 8 aircraft.

Widerøe’s Flyveselskap, Norway’s oldest airline, is Scandinavia’s largest regional carrier. The airline has more than 3,500 employees. Mainly operating the short-runway airports in rural Norway, Widerøe operates several state contract routes (PSO routes) in addition to its own commercial network. In 2023, the airline had 3.3 million passengers and a fleet of 48 aircraft, including 45 Bombardier Dash 8’s and three Embraer E190-E2's. Widerøe Ground Handling provides ground handling services at 41 Norwegian airports.

The Norwegian group has sustainability as a key priority and has committed to significantly reducing carbon emissions from its operations. Among numerous initiatives, the most noteworthy is the investment in production and use of fossil-free aviation fuel (SAF). Norwegian strives to become the sustainable choice for its passengers, actively contributing to the transformation of the aviation industry.