Notification of trade by primary insider

Arendal, 14 December 2022: Norse Atlantic ASA ("Norse") refers to the attached notification form regarding a transaction in Norse's shares by a primary insider. Bosel AS, a company controlled by Ben Boiling, CFO of Norse, has purchased 22,000 shares at an average price of NOK 2.05 per share. Following the transaction, Bosel AS owns a total of 107,000 shares in Norse Atlantic ASA.

For further information, please contact:

Ben Boiling, Chief Financial Officer

Phone: +47 912 40 945

Email: [email protected]

About Norse:

Norse Norse Atlantic Airways is a new airline that offers affordable fares on long -haul flights, primarily between Europe and the United States. The Company was founded by CEO and major shareholder  Bjørn Tore Larsen in March 2021. Norse has a fleet of 15 modern, fuel-efficient and more environmentally friendly Boeing 787 Dreamliners that will serve destinations including New York, Los Angeles, Fort Lauderdale, Orlando, Oslo, London, Berlin and Paris. The company's first flight took off from Oslo to New York on June 14, 2022.

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.