SAS — Capital/Financing Update 2017

Jan 27, 2017

SAS finances six additional Airbus A320neo aircraft through Sale and leaseback

SAS finances six additional Airbus A320neo aircraft through Sale and leaseback

SAS has secured financing of an additional six Airbus A320neo through the

signing of a Sale and leaseback agreement with CDB Aviation Lease Finance. The

aircraft will be delivered between 2017 and 2018. The agreement means that SAS,

at the time of delivery for the respective aircraft, will sell the aircraft to

CDB Aviation Lease Finance and then leases it back during a long term lease

period.

Through this agreement, SAS has until now agreed on financing of 18 Airbus

A320neo of the order of 30 aircraft.

SAS Investor Relations