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Bank Norwegian

Disclosure of large shareholding

TREETOP ASSET MANAGEMENT SA, a Luxembourg based Investment Firm acting on behalf of the UCITS funds and AIF it manages, declares by the present that: Between the 6th and the 7th of December 2017, due to a buying operation, the proportion of ordinary equity shares held by the Funds managed by Treetop Asset Management SA (taken all together) in the Company Norwegian Finance Holding ASA (NOFI NO) has exceeded the threshold of 5% (at 5.2% from 4.8%) of the outstanding equity shares of this Company. The total number of shares held was: 7'284'256 ordinary equity shares with voting right (3.9%) 2'425'000 warrants on equity shares giving right to physical or cash delivery at maturity (1.3%) This represented 5.20% of the outstanding shares issued by NOFI NO.