Reference is made to the stock exchange announcement dated 20 December 2024, in which Norwegian Air Shuttle ASA (“Norwegian”) announced that the Oslo District Court ruled in full favour of Norwegian regarding the EU ETS obligations for 2020, in a period where Norwegian was subject to reconstruction in the Norwegian courts. The Oslo District Court ruled that Norwegian was fully entitled to fulfil its EU ETS obligations by offering dividend corresponding to the allowance obligations and that that the penalty for the failure to meet the EU ETS obligations for 2020 was unlawful. Thus, Norwegian is entitled to a full refund of the penalty amount of close to NOK 400 million with interest, currently amounting to NOK 88.1 million, should the decision become final and enforceable.
Norwegian was today notified that the Ministry of Climate and Environment have filed an appeal to the Court of Appeal to challenge the decision of the Oslo District Court. The hearing of the appeal is expected to be held later in 2025.
For further information, please contact:
Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA Tel: +47 906 64 401
Norwegian Air Shuttle ASA
Fornebu, 29 January 2025
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.