SAS — Capital/Financing Update 2017

Nov 13, 2017

SAS contemplates issuance of SEK bonds

SAS contemplates issuance of SEK bonds

SAS AB (publ), rated B1 (stable) by Moody's and B+ (stable) by S&P, has mandated

Danske Bank and Nordea as Global Coordinators together with SEB and Swedbank as

Joint Bookrunners to arrange a series of fixed income investor meetings

commencing on 15 November 2017.

A SEK 5 year benchmark senior unsecured bond will follow, subject to market

conditions. The proceeds from the contemplated bond issue will be used for

refinancing of outstanding financial indebtedness and general corporate

purposes.

SAS Investor Relations