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NAS Norwegian Air Shuttle ASA News Story

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Brief: Norwegian Air loses tax case, will appeal to supreme court

March 12 (Reuters) - Norwegian Air Shuttle ASA NAS.OL:

WILL APPEAL EU ETS RULING TO SUPREME COURT

COURT OF APPEAL HAS TODAY RENDERED ITS DECISION IN PROCEEDINGS. COURT UPHELD MINISTRY'S APPEAL, FINDING THAT NORWEGIAN WAS OBLIGED TO FULFIL ITS EU ETS OBLIGATIONS FOR 2020 IN FULL, IRRESPECTIVE OF RECONSTRUCTION

COURT ALSO RULED THAT PENALTY IMPOSED FOR FAILURE TO MEET EU ETS OBLIGATIONS FOR 2020 WAS VALID

JUDGEMENT FROM COURT OF APPEAL DOES NOT ALIGN WITH JUDGEMENT OF OSLO DISTRICT COURT, NOR WITH VIEWS OF OTHER STAKEHOLDERS AND EXPERTS

WE ARE DISAPPOINTED AND SURPRISED

DOES NOT EXPECT TO MAKE ANY ADDITIONAL PROVISIONS FOLLOWING VERDICT FROM COURT OF APPEAL

Further company coverage: NAS.OL

 (Reporting By Oslo newsroom)

 ((terje.solsvik@thomsonreuters.com;))

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