SAS — AGM Information 2021

Feb 9, 2021

SAS AB (PUBL) ANNOUNCES NOTICE OF THE ANNUAL GENERAL MEETING ON 17 MARCH 2021

SAS AB (PUBL) ANNOUNCES NOTICE OF THE ANNUAL GENERAL MEETING ON 17 MARCH 2021

Shareholders in SAS AB (publ) (hereinafter the "Company") are hereby invited to

attend the Annual General Meeting on Wednesday 17 March 2021. Due to the COVID

-19 pandemic and in order to reduce the risk of spreading the virus, the Board

has decided for the Annual General Meeting to be held without physical presence

of shareholders, representatives and third parties, and that shareholders shall

have the possibility to exercise their voting rights only through advance voting

(postal voting). Information on the resolutions passed at the meeting will be

made available 17 March 2021 as soon as the result of the postal voting has been

finally confirmed.

To attend the Annual General Meeting and notification

A person who wishes to participate in the Annual General Meeting must be listed

as a shareholder in the presentation of the share register prepared by Euroclear

Sweden AB concerning the circumstances on 9 March 2021, and must give notice of

participation no later than 16 March 2021, by casting its postal vote in

accordance with the instructions as specified in the notice. A shareholder whose

common shares are registered with VP Securities A/S in Denmark or with VPS in

Norway must request to temporarily register the common shares in the

shareholder's own name with Euroclear Sweden AB to be entitled to participate in

the Annual General Meeting. A request for such registration must be submitted in

sufficient time and no later than 10 March 2021 3:00 PM. Detailed instructions

about notification and rules regarding proxy are detailed in the attached

complete notice convening the Annual General Meeting.

Number of shares and votes in the Company

The Company has at the time of publication of this Notice issued 7,266,039,292

common shares, 0 subordinate shares and 0 shares of series C, equivalent to a

total of 7,266,039,292 votes. No shares are held by the Company itself.

Proposed agenda

1. Election of a chairperson for the meeting.

2. Election of two persons to approve the minutes.

3. Preparation and approval of the voting list.

4. Approval of the agenda.

5. Determination of whether the meeting has been duly convened.

6. Presentation of the annual accounts and auditors' report as well as the

consolidated accounts and consolidated auditors' report, and the statement of

the auditor regarding the application of guidelines for remuneration which have

applied since the previous Annual General Meeting.

7. Resolutions on:

a. the approval of the income statement and balance sheet and the consolidated

income statement and consolidated balance sheet,

b. the dispositions of the Company's earnings in accordance with the approved

balance sheet, and

c. discharge from liability for the Board members and the CEO.

i. Carsten Dilling

ii. Dag Mejdell

iii Monica Caneman

iv. Liv Fiksdahl

v. Lars-Johan Jarnheimer

vi. Kay Kratky

vii. Sanna Suvanto-Harsaae

viii. Oscar Stege Unger

ix. Jens Lippestad

x. Tommy Nilsson

xi. Christa Cerè

xii. Rickard Gustafsson

xiii. Pål Gisle Andersen

xiv. Kim John Christiansen

xv. William Nielsen

xvi. Joacim Olsson

xvii. Endre Røros

xviii. Lisa Kemze

xix. Jan Levi Skogvang

xx. Cecilia Van Der Meulen

8. Resolutions on:

a. the number of Board members,

b. remuneration for Board members, and

c. remuneration for the auditor.

9. Election of Board members and Chairman of the Board.

Board members

a. Carsten Dilling

b. Dag Mejdell

c. Monica Caneman

d. Lars-Johan Jarnheimer

e. Kay Kratky

f. Oscar Stege Unger

g. Nina Bjornstad

h. Henriette Hallberg Thygesen

Chairman of the Board

i. Carsten Dilling

10. Election of auditor.

11. Resolution on the Nomination Committee and the Instruction for the

Nomination Committee.

12. Resolution on approval of the remuneration report.

13. Resolution on amendments to the Articles of Association.

14. Resolution on authorization of the Board to resolve to issue warrants with

right to subscribe for subordinated shares.

For further information:

SAS press contact, +46 8 797 29 44

Michel Fischier. VP Investor Relations. +46 70 997 0673