SAAB — Board/Management Information 2011

Jun 16, 2011

PRESS INFORMATION

Page 1 (1)

Date Reference June 16, 2011 CU 11:029 E

Saab establishes Academy for stronger focus on competence development

Defence and security company Saab forms an Academy for stronger focus on training and competence development of Saab employees. The Academy will be headed by Mikael Grodzinsky, who will leave his position as Head of Group Human Resources within the Saab Group Management during the autumn.

Saab is active on a highly competitive market all over the world. A key success factor is well educated employees with the right competence. The purpose with Saab´s new Academy is to secure that Saab has the required competences needed to achieve our business plan objectives.

"Saab has ambitious growth objectives and increased competences are a necessity to be succesful. The new Academy is important for us and I have appointed Mikael Grodzinsky to lead it and he will report directly to me," says Saab CEO Håkan Buskhe.

A recruitment process for a new Head of Group Human Resources has been initiated. Meanwhile, Mikael Grodzinsky is still active on his current position and as a member of Saab Group Management.

Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers' changing needs.

For further information, please contact:

Saab Press Centre, +46 (0)734 180 018

www.saabgroup.com

The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on June 16 at 15.30.

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