SAS — Capital/Financing Update 2017

Nov 13, 2017

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

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

Björn Tibell, Head of Investor Relations, +46 (0)70 997 1437

This information is information that SAS AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.00. CET on November 10, 2017.