Wikborg Rein assisting Norse Atlantic ASA in a private placement and potential subsequent offering

We have assisted Norse Atlantic ASA, listed on Euronext Growth, in a private placement raising gross proceeds of approx. MNOK 300/MUSD 30. The private placement was fully underwritten and the underwriters will be compensated in new shares (7% equal to MNOK 21). A subsequent EU prospectus based "repair offering", raising additional approx. MNOK 150/MUSD 15, is announced.

The private placement has been concluded in a challenging market. The completion of the private placement is subject to approval by an extraordinary general meeting.

Norse 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.

The Wikborg Rein team comprised Madeleine Østenstad, Simen Varhaug, Ole Martin Drevvatne, Hedvig Bugge Reiersen and Dag Erik Rasmussen

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