SAS — Capital/Financing Update 2017

Apr 28, 2017

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

SAS finances 7 Boeing 737

SAS has today completed financing of seven Boeing 737, which previously were owned. The financing is undertaken through a so called Japanese Operating Lease with Call Option (JOLCO).

The transaction will not have any earnings impact. The value of the transaction corresponds to MUSD 101 and the cash has been transferred to SAS during the second quarter 2016/2017.

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 13.30 CET on 28 April 2017.