BOC Aviation Limited ("BOC Aviation ") has entered into an agreement to convert lease obligations to 389,053,742 shares inNorwegian Air Shuttle ASA ("NAS" or the "Company") in connection with the share capital increase resolved by the general meeting of NAS on4 May 2020 . Upon completion of the conversion,BOC Aviation will hold 389,053,742 shares in NAS, representing 12.67% of the outstanding shares and votes in the Company. Prior to completion of the conversion, neitherBOC Aviation nor any of its controlling companies (identified below) held any shares or votes in the Company. This disclosure is made pursuant to section 4-3 of theNorwegian Securities Trading Act.BOC Aviation is a company controlled bySky Splendor Limited , which in turn is controlled byBank of China Group Investment Limited , which in turn is controlled byBank of China Limited , which in turn is controlled byCentral Huijin Investment Ltd , which in turn is controlled byChina Investment Corporation which is owned by the government ofThe People's Republic of China .BOC Aviation Limited 20 May 2020
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