SAAB — Capital/Financing Update 2008

Feb 29, 2008

PRESS INFORMATION

Handled by Date Reference Peter Larsson February 29, 2008 CU 08:016 E

Page 1 (1)

Saab AB (publ) establish a Commercial Paper program

Saab AB (publ) establish a Commercial Paper program which gives Saab AB (publ) the possibility to issue in SEK and EUR up to a maximum amount of SEK 3.000.000.000. The Commercial papers have a duration from one day but shorter than one year.

Arranger of the program is SEB which together with Danske Bank and Swedbank acts as Market makers.

The purpose with the program is to enable borrowing from the capital market as an alternative to bilateral bank loans.

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:

Peter Sandehed, Senior vice President, Corporate Treasury & Risk Management Tel: +46 (0)13 18 21 12, +46 (0)734 18 21 12 www.saabgroup.com

Saab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 14.20 on February 29, 2008.

+46 (0)13 18 00 00 +46 (0)13 18 72 00 Linköping SE556036079301

Registered No Internet address 556036-0793 www.saabgroup.com