SAS — Capital/Financing Update 2010

Aug 26, 2010

SAS Group

Press release

26 Aug 2010

Page 1/1

SAS is phasing out all of its MD-90 aircraft

SAS Group has entered into 5-year leases covering its eight MD-90-30 aircraft with an undisclosed US airline. The eight aircraft will be delivered in a phase out schedule starting Q3-2010 and ending Q2-2011. The MD-90 has, in terms of number of aircraft, been a niche aircraft in the SAS Group fleet and this transaction fits very well into SAS initiative to simplify and standardize its fleet and thereby reduce the number of aircraft types used in its total fleet. The average age of the MD-90's is 13.5 years.

About SAS fleet

SAS Group fleet as consists of totally 239 aircraft of which 145 are in operation by the largest airline Scandinavian Airlines. Almost 75% of Scandinavian Airlines aircraft are so called new generation aircrafts, with an average age below 8 years when excluding short term wet-leases and current phase-outs.

For further information, please contact

Sture Stølen, VP Head of SAS Group Investor Relations +46 8 797 1451

www.sasgroup.net