Norwegian Air Shuttle (the “Company”) has decided to exercise its defeasance option under the terms of its zero-coupon senior unsecured NOK 3,156,018,194 bond issue (ISIN: NO0010996457), maturing on 30 September 2026 (the “Bonds”). The defeasance will take effect from 11 August 2025, relieving the Company from certain information covenants and all general covenants, including the restriction on dividend payments.