Press release - 11 February 2010 07:23

Norwegian Fourth Quarter Results 2009

Fourth quarter revenue up by 8 % to MNOK 1,749.8 (1,614.7).

Earnings before depreciation and leasing (EBITDAR) in the fourth quarter were MNOK 204.5 (-45.0)

Earnings before depreciation (EBITDA) in the fourth quarter were MNOK 50.3 (-168.8).

Net result after tax in fourth quarter was MNOK 0.8 (-137.5).

Ancillary revenue pr passenger up 21 % in the fourth quarter.

The number of passengers in the fourth quarter was 2.8 mill (+26%).

Unit cost was NOK 0.50 in the fourth quarter compared to NOK 0.64 in the fourth quarter last year. Unit cost excluding fuel was NOK 0.40 in the fourth quarter compared to NOK 0.43 in the fourth quarter last year.

Cash and money market deposit of MNOK 1,408 as of 31.12.09

Cash flow from operating activities in fourth quarter MNOK 352.7 (-133.1)

Please see the full report, presentation and press release below.

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Press contact Norwegian Press Office press@norwegian.com +47 815 11 816

Marketing/sponsorhip requests: marketing@norwegian.com

Press contact Marketing/sponsorship requests: marketing@norwegian.com

2009 best annual result in Norwegian’s history

Today, Norwegian presents the best annual result in the company’s history. The net result after tax amounted to 446 MNOK. The last quarter was also the best Q4 ever. During 2009, Norwegian had a strong passenger growth and carried 10.8 million passengers, an increase of 18 per cent compared to the previous year.