SAS — Capital/Financing Update 2016

Dec 12, 2016

Scandinavian Airlines SE-195 87 Stockholm Telephone: +46(0)8 797 0000 Fax: +46(0)8 797 1515

SAS finances five additional Airbus A320neo aircraft through Sale and leaseback

SAS has secured financing of an additional five Airbus A320neo through the signing of a Sale and leaseback agreement with SMBC Aviation Capital. The aircraft will be delivered between 2016 and 2018. The agreement means that SAS, at the time of delivery for the respective aircraft, will sell the aircraft to SMBC Aviation Capital and then lease it back during a long term lease period.

Through this agreement, SAS has until now agreed on financing of twelve Airbus A320neo of the order of 30 aircraft. SAS has also agreed letter of intents regarding the financing of a further six Airbus A320neo.

SAS Investor Relations

Björn Tibell, Head of Investor Relations, +46 70 997 1437

This information is information that SAS AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on 12 December 2016.