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SAS Capital/Financing Update 2018

Apr 12, 2018

2961_iss_2018-04-12_201151d1-e4fa-4f8d-80a1-1d3e54790ecb.pdf

Capital/Financing Update

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

SAS orders one Airbus A330E to replace one Airbus A340

SAS has signed an order for one additional Airbus A330-300E with delivery during the spring of 2019. The aircraft will replace one Airbus A340.

SAS's long haul fleet consists of 16 Airbus A330/A340, of which one Airbus A340 mostly has functioned as a reserve aircraft. With the investment in one new Airbus A330E, SAS improves its customer offering as SAS's entire long haul fleet will have an identical cabin interior. In addition, the Airbus A330E has approximately 15-20% lower jet fuel consumption per seat kilometer compared to the Airbus A340 that will be replaced.

The list price of one A330E aircraft, including engines, ordered from Airbus amounts to MUSD 264, before discounts agreed between SAS and Airbus. The new Airbus A330E will be financed through a sale/leaseback.

In accordance with the other A330E, SAS has chosen RR Trent 772B as engine.

For further information:

SAS press hotline, Tel. +46 8 797 29 44 Björn Tibell, Head of Investor Relations, +46 70 997 1437

This information is information that SAS AB is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was submitted through the agency of the contact person set out above for publication on April 12, 2018 at 10:10 a.m. CET.