NOT FOR DISTRIBUTION, RELEASE OR REPUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S.
NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION,
RELEASE OR REPUBLICATION WOULD BE UNLAWFUL.

NORSE ATLANTIC ASA: End of stabilisation and partial exercise of greenshoe
option

Oslo, 12 May 2021: Reference is made to the stock exchange notice published by
Norse Atlantic ASA (the "Company") on 12 April 2021, regarding potential
stabilisation activities in connection with a private placement in the Company
(the "Offering") and the admission to trading of the Company's shares on
Euronext Growth Oslo.

Pareto Securities AS (the "Stabilisation Manager"), acting as stabilisation
manager in connection with the Offering, on behalf of the Managers (as defined
below), hereby gives notice that the stabilisation period has ended.
Stabilisation activities have been undertaken on Euronext Growth Oslo during the
stabilisation period. The stabilisation activities first occurred on 30 April
2021 and last occurred on 11 May 2021. A total of 2,315,686 shares in the
Company have been purchased as part of the stabilisation activities. The shares
were purchased at a volume weighted average price of NOK 19.9763 per share and
within the daily price ranges set out in the attached stabilisation notice. 

In order to permit redelivery of 6,250,000 shares in the Company which were
borrowed from B T Larsen & Co Ltd (5,278,000 shares) and HBK Holding AS (972,000
shares) (collectively the "Share Lenders"), the Stabilization Manager, on behalf
of the Managers, has on 11 May 2021 in part exercised the greenshoe option and
will subscribe for 3,934,314 new shares in the Company at the offer price of NOK
20.00 per share.

The new shares will together with the shares purchased through stabilization
activities be redelivered to the Share Lenders, in accordance with the terms of
the share lending agreement between the parties. Following issuance of the new
shares, the number of shares outstanding in the Company will be 77,684,314
shares, each with a par value of NOK 3.00.

Arctic Securities AS, Pareto Securities AS and SpareBank 1 Markets AS acted as
Joint Global Coordinators and Joint Bookrunners for the Offering (the
"Managers").

For further information, please contact:

Pareto Securities AS
Martin Øberg Sjøstedt
Tel: +47 22 87 87 14

This information is subject of the disclosure requirements pursuant to
Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 sections 6 (3)
and 8.

Important Notice 

These materials do not constitute or form a part of any offer of securities for
sale or a solicitation of an offer to purchase securities of the Company in the
United States or any other jurisdiction.

The publication, distribution or release of this announcement may be restricted
by law in certain jurisdictions and persons into whose possession any document
or other information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy, any securities or a
recommendation to buy or sell any securities of the Company. Neither the
Company, Arctic Securities AS, Pareto Securities AS or SpareBank 1 Markets AS
nor any of their respective affiliates accepts any liability arising from the
use of this announcement.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange