SAS — Capital/Financing Update 2017

Nov 17, 2017

SAS issues MSEK 1,500 unsecured bond

SAS issues MSEK 1,500 unsecured bond

SAS AB (publ) has successfully issued a senior unsecured bond on the Nordic

capital market. The bond amounts to MSEK 1,500, pays a fixed coupon of 5.375%

and has a tenor of 5 years with a final maturity on 24 November 2022.

The bond was well over subscribed and the proceeds will be used to refinance

debt and general corporate purposes. SAS intends to list the bond at NASDAQ OMX

Stockholm.

"We are pleased with the strong demand from investors and this further confirms

the market's increased confidence in SAS" says Jan Torberger, Group Treasurer

SAS.

Danske Bank and Nordea Bank acted as Global Coordinators and SEB and Swedbank

acted Joint Bookrunners for the transaction.

SAS Investor Relations