SAS — Capital/Financing Update 2010

Sep 6, 2010

SAS Group

Press release

6 September 2010

Page 1/1

SAS divest remaining shareholding in Skyways

SAS Group has today further simplified its corporate structure by divesting its remaining 19.9% shareholding in the regional airline Skyways Holding AB. The shares are purchased by Largus Holding AB, a company fully owned by the Salén family that already owns the remaining 80.1% of Skyways Holding AB.

The transaction is part of a number of divestments performed in line with the Core SAS strategy that includes focus on business travelers and simplifying the corporate structure. SAS and Skyways intend to continue its close commercial cooperation also for the future.

The transaction creates a capital loss for SAS Group of approximately MSEK 40.

For further information, please contact

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

www.sasgroup.net