Norse Atlantic ASA: Mandatory notifications of trade of close associates

3 May 2023: Reference is made to the share consolidation approved by an extraordinary general meeting in Norse Atlantic ASA (the "Company") held on 24 March 2023 (the "EGM").

In accordance with the EGM's resolution, all shareholders who at the time of the implementation of the consolidation did not hold a number of shares dividable by the ratio (4:1) had, in connection with completion of the share consolidation, their shareholding rounded upwards to the nearest whole share.

To facilitate such upwards rounding, B T Larsen & Co Limited, a company controlled by Bjørn Tore Larsen, CEO of the Company, has provided the required number shares, in total 1,490 shares with par value NOK 5.

See the enclosed forms for further details about the transactions of the close associates of primary insiders.

For further information, please contact:

Ben Boiling, CFO

Phone: +47 912 40 945

Email: ben.boiling@flynorse.com

About Norse Atlantic ASA:

Norse Atlantic Airways is a new 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, Fort Lauderdale, Orlando, 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.