SAS — Board/Management Information 2010

Nov 26, 2010

SAS

Scandinavian Airlines

Scandinavian Airlines

SE-195 87 Stockholm, Sweden

Telephone: +46-8-797 0000

Fax: +46-8-797 1515

Press release

November 26, 2010

A STAR ALLIANCE MEMBER

Rickard Gustafson takes on role as President and CEO of SAS on February 1, 2011

Scandinavian Airlines has previously announced that the new President and CEO of the SAS Group, Rickard Gustafson, would take on the role no later than March 2011. It has now been confirmed that Rickard’s appointment will start as of February 1, 2011. The previous President and CEO, Mats Jansson, left his position on October 1, 2010 and the Deputy CEO, John Dueholm, will continue as acting President and CEO until February 1, 2011.

Please go to www.sasgroup.net for the previous press release, dated September 16, with the announcement of Rickard Gustafson’s appointment.

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 November 26, 2010 at 13:30 a.m CET.

For more information, please contact:

SAS Press Hotline

Telephone: +46 8 797 2944