Norwegian Air Shuttle ASA (NAS) – Initiates share buy-back in conjunction with employee share saving programme and LTI option plan

Norwegian Air Shuttle ASA has today engaged DNB Carnegie, a part of DNB Bank ASA, to conduct a buy-back of own shares. The buy-back is being conducted under the company’s employee share savings plan and the long-term incentive programme (LTI) option plan for executive management.

The buy-back programme comprises a repurchase of up to 3,000,000 of Norwegian shares for a total value of up to NOK 50 million. It will be conducted in the period 17 November 2025 to 28 November 2025.

The buy-back will be conducted on the basis of the authorisation granted at the Annual General Meeting on 14 May 2025 to purchase up to 96,384,620 shares at a minimum share price of NOK 0.10 and a maximum share price of NOK 200. Additionally, shares reserved for both the employee share saving programme and the LTI programme may on an annual basis not exceed 2 percent of the company’s issued share capital, corresponding to 21,127,778 shares. The authorisation has not been utilised to date, and the company currently holds 1,685 treasury shares.

The share buyback program will be carried out in accordance with Regulation (EU) No 596/2014 (the "Market Abuse Regulation") and Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

For further information, please contact, Jesper M. Hatletveit, Investor Relations: Tel: +47 906 64 401 Email: jesper.hatletveit@norwegian.com

Fornebu, 17 November 2025 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 5 and section 3-2 of the Norwegian Securities Trading Act.