SAAB — Capital/Financing Update 2009

Nov 30, 2009

PRESS INFORMATION

Date Reference November 30 2009 CU 09:039

Page 1 (1)

Saab AB issues SEK 1.1 billion under the newly established MTN programme

Defence and security company Saab has established a Medium Term Note programme (MTN) of SEK 3 billion in order to enable the issuance of long-term loans on the capital market. The programme is aimed at extending the term of the Group's financing and reducing the utilization rate of the commercial paper programme.

Saab has established a Medium Term Note programme (MTN) of SEK 3 billion to issue long-term loans on the capital market. Under the terms of this programme Saab has issued bonds and Floating Rate Notes (FRN) of SEK 1.1 billion, maturing in December 2013.

Saab already has a Swedish commercial paper programme of SEK 5 billion. The bond issue is aimed at extending the term of the Group's financing and thereby solving short-funding and reducing the utilization rate of the commercial paper programme.

"The capital market has improved considerably and there has been huge interest in our issue under the programme. Now we are diversifying our sources of funding and further enhancing our financial flexibility," says Patrik Tolf, Saab's financial director (kolla hans title på engelska).

The terms of the issue are three months STIBOR +180 basis points with a term until December 2013. The bonds will be quoted on the NASDAQ OMX once the MTN prospectus has been approved by the Swedish Financial Supervisory Authority.

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 Investor Relations, Ann-Sofi Jönsson, +46 (0)734 187 214 Saab Press Center, +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 released for publication on November 30 at 15.00 (CET).

Saab AB (publ) Postal address Telephone Fax Registered Office VAT registration number SE-581 88 Linköping Sweden

+46 (0)13 18 00 00 +46 (0) 8 463 0152 Linköping SE556036079301

Corporate ID number Internet address

556036-0793 www.saabgroup.com