SAS — AGM Information 2014

Feb 18, 2014

Resolutions approved by the 2014 Annual General Shareholders' Meeting of SAS AB (publ)

Resolutions approved by the 2014 Annual General Shareholders' Meeting of SAS AB (publ)

The Annual General Shareholders' Meeting (AGM) on Tuesday, February 18,

2014, approved the resolution authorizing the Board to decide on the new

issue of a maximum of 7 million preference shares and the issue of

convertibles amounting to a maximum of MSEK 2,000 as well as to allow

amendment of the Articles of Association to permit the issue of

preference shares. The AGM also approved the proposal to pay dividends

on any preference shares issued until the next AGM in the form of a

quarterly payment of SEK 12.50 per preference share and a maximum total

amount of SEK 50 per preference share. The Meeting resolved that no

dividend would be paid on existing common shares for the 2012/2013

fiscal year.

The AGM also approved the motion put forward by the Nomination Committee

regarding the re-election of Fritz H. Schur, Monica Caneman, Lars-Johan

Jarnheimer, Birger Magnus, Dag Mejdell, Sanna Suvanto-Harsaae and Jacob

Wallenberg. The Meeting also elected Carsten Dilling as a new Board

member.

Fritz H. Schur was re-elected as Chairman of the Board of Directors.

Furthermore, it was resolved that the Nomination Committee will comprise

owner representatives for the four largest shareholders in SAS and that

the members of the Nomination Committee would be Magnus Skåninger,

Ministry of Finance, for the Swedish government, Peter Brixen, Ministry

of Finance, for the Danish government, Knut Utvik, Ministry of Trade,

Industry and Fisheries, for the Norwegian government and Peter

Wallenberg Jr for the Knut and Alice Wallenberg Foundation. The election

of the Chairman for the Nomination Committee, replacement of members

during their terms of office, replacement of shareholder representatives

owing to a substantial reduction in shareholding and other rules around

the Nomination Committee's composition and work shall take place in

accordance with the written instructions resolved upon by the AGM.

On other matters, the AGM also voted in accordance with the proposals

contained in the notification of the Meeting.

SAS Group Investor Relations

SAS discloses this information pursuant to the Swedish Securities Market

Act and/or the Swedish Financial Instruments Trading Act. The

information was provided for publication on February 18, at 7.00 p.m.

CET.