Notification of trade

2 December 2021

Norse Atlantic ASA (the "Company") refers to the attached notification form regarding public disclosure of a transaction in the Company's shares by a close associate of a primary insider. B T Larsen & Co Ltd, a company controlled by Bjørn Tore Larsen, CEO of the Company, has today purchased 15,637 shares in the Company at an average price of NOK 13.70 per share. Following the transaction, B T Larsen & Co Ltd owns a total of 9,652,311 shares in the Company.

This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12. This stock exchange release was published by Ben Boiling, SVP Finance & Corporate, Norse Atlantic ASA, on 2 December 2021 at 18:00 CET.