SAS — Capital/Financing Update 2017

Jan 27, 2017

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

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

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 08.00 CET on 27 January 2017.