Hurtigruten Group AS Amendments to Senior Term and Revolving Facilities Agreement originally dated 9 February 2018

We refer to the Senior Term and Revolving Facilities Agreement originally dated 9 February 2018 (the “Facilities Agreement”) for Hurtigruten Group AS (the “Company”). We are pleased to confirm that the Majority Revolving Facility Lenders have approved certain additional amendments to the Facilities Agreement, which in summary are as follows:

The period during which the Consolidated Senior Secured Leverage Ratio financial covenant remains to be suspended has been extended to 30 September 2023 (or such earlier date on which the Company terminates the suspension period) (“Suspension Period”).

The minimum Consolidated EBITDA test, to the benefit of Lenders under the Revolving Facility, that applies during the Suspension Period has been waived for the Quarter Period ending 30 September 2022.

The minimum Consolidated EBITDA test that applies during the Suspension Period has been adjusted such that Consolidated EBITDA in respect of the Quarter Period ending 31 March 2022 shall be not less than €25,000,000 (or its equivalent); in respect of the Quarter Period ending 30 June 2022 not less than €36,000,000 (or its equivalent)

No minimum Consolidated EBITDA test applies for the Quarter Period ending 31 December 2022

For further information, please contact:

Investor Relations team: [email protected]