Norwegian Air Shuttle ASA (NAS) – Grant of share options

Reference is made to the stock exchange announcement on 6 May 2026 regarding the annual general meeting where it was resolved to grant the board of directors an authorisation to issue shares in connection with the incentive programs of Norwegian Air Shuttle ASA ("Norwegian"). On 14 August 2026, the grant date, executives were granted a total of 3,274,690 share options in Norwegian. The following primary insiders were granted share options as follows:

Geir Karlsen, Chief Executive Officer (CEO), has been granted 1,108,807 share options. Following the grant, Karlsen holds 4,910,014 options and 651,478 shares in the company.

Hans-Jørgen Wibstad, Chief Financial Officer (CFO), has been granted 493,850 share options. Following the grant, Wibstad holds 1,610,379 options and 94,641 shares in the company.

Henrik Fjeld, Chief Operation Officer (COO), has been granted 225,718 share options. Following the grant, Fjeld holds 478,132 options and no shares in the company.

Magnus Thome Maursund, Chief Commercial Officer (CCO), has been granted 271,164 share options. Following the grant, Thome Maursund holds 822,267 options and 9,866 shares in the company.

Knut Olav Irgens Høeg, Chief IT & Business Services Office, has been granted 234,191 share options. Following the grant, Irgens Høeg holds 713,761 options and 191,793 shares in the company.

Tore Kristian Jenssen, CEO Widerøe, has been granted 247,702 share options. Following the grant, Jenssen holds 758,405 options and no shares in NAS.

Guro Halvorsen Poulsen, Chief People Officer, has been granted 224,195 share options. Following the grant, Poulsen holds 554,752 options and 181,047 shares in NAS.

Anne-Sissel Skånvik, Chief Communications Customer & Public Affairs Officer, has been granted 132,385 share options. Following the grant, Skånvik holds 339,627 options and 54,736 shares in NAS.

Jeanette Theresa Bø-Alnes, Chief Performance Officer, has been granted 90,877 share options. Following the grant, Bø-Alnes holds 195,769 options and 28,482 shares in NAS.

The granted share options vest in three equal instalments on each anniversary of the grant date, and vested options may be exercised during a seven-year exercise period following the grant date. Each share option entitles the holder to acquire one share at a strike price of NOK 14.85 per share. The aggregate value received from options granted in 2026 shall not exceed four times the participant’s base annual salary in any calendar year, subject to certain exemptions. The strike price shall be adjusted for dividends.

Please see attached notifications for persons discharging managerial responsibilities in accordance with Regulation EU 596/2014 (MAR), article 19 and section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact: Jesper M. Hatletveit, Investor Relations at Norwegian, Tel: +47 906 64 401

Fornebu, 7 August 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 19 no. 3 and section 5-12 of the Norwegian Securities Trading Act, and was prepared by Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA, tel. +47 906 64 401.

More information: Access the news on Oslo Bors NewsWeb site

679840_NAS Aug. 2026 Share option grant Primary insiders.pdf