SAS — AGM Information 2021

Mar 17, 2021

Resolutions by the 2021 Annual General Meeting in SAS AB (publ)

Resolutions by the 2021 Annual General Meeting in SAS AB (publ)

The March 17, 2021 Annual General Meeting resolved in accordance with the

proposal by the Nomination Committee to re-elect Carsten Dilling as Chairman of

the Board and to re-elect Monica Caneman, Lars-Johan Jarnheimer, Kay Kratky and

Oscar Stege Unger and elect Nina Bjornstad, Michael Friisdahl and Henriette

Hallberg Thygesen as Board members. The Annual General Meeting also resolved to

adopt the revised proposal from the Nomination Committee that the Board fees

remain unchanged in relation to last year (except from a minor adjustment of the

attendance fee for employee representatives).

The Annual General Meeting resolved to approve the presented income statement

and balance sheet and the consolidated income statement and consolidated balance

sheet.

The Annual General Meeting resolved to not distribute any dividend to SAS

shareholders for the financial year 1 November 2019-31 October 2020.

The Annual General Meeting resolved to discharge the Board members and the CEO

from liability for the financial year 1 November 2019-31 October 2020.

The Annual General Meeting resolved to re-elect the auditing firm KPMG AB as

auditor.

The Annual General Meeting resolved to adopt instructions for the Nomination

Committee and that the five members of the Nomination Committee would be the

Chairman of the Board, along with the shareholder representatives Åsa Mitsell,

Swedish Ministry of Enterprise and Innovation, for the Swedish government;

Adrian Lübbert, Danish Ministry of Finance, for the Danish government; Jacob

Wallenberg for the Knut and Alice Wallenberg Foundation; and Gerald Engström,

representing himself and Färna Invest AB.

The Annual General Meeting resolved to approve the Board's report for

renumeration for senior executives.

The Annual General Meeting approved the Board's proposal regarding amendments of

the articles of association.

The Annual General Meeting also resolved to authorize the Board to resolve to

issue warrants with a right to subscribe for subordinated shares in SAS AB. With

the authorization, not more than 300,000 warrants may be issued which in total

correspond to not more than 3,633,019,647 subordinated shares.

For further information:

SAS press contact, +46 8 797 29 44

Michel Fischier, VP Investor Relations, +46 70 997 06 73