Norse Atlantic ASA: Mandatory notifications of trade - granting of share options to new CEO

Arendal, 02 December 2025 Norse Atlantic ASA's ( the "Company") board of
directors has resolved to grant a total of 2,500,000 new share options [under
the existing share option program] to its newly appointed Group President and
Chief Executive Officer, Eivind Roald , each at a strike price of NOK 6,04. Each
share option granted under the program carries the right to acquire one share in
the Company.

See the enclosed form for further details about the transaction.

For further information, please contact: CFO, Anders Jomaas,
Anders.Jomaas@flynorse.com

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