SAS - Capital/Financing Update 2022

As part of SAS FORWARD Plan, SAS defers interest payment on perpetual capital securities

As part of the SAS FORWARD Plan, outlined in the SAS AB (publ) (SAS or the

"Company") press release on the 22 February 2022 in connection with the Q1

results, SAS will defer the interest payments due 25 and 26 April 2022 on its

Capital Securities. The deferral of interest payment is made in accordance with

the terms and conditions for the respective Capital Securities

This means that SAS defers the SEK?36?m semi-annual interest payment due

25?April?2022 on its outstanding SEK?1,615?bn perpetual capital securities with

ISIN?SE0014957999 and the SEK?138?m semi-annual interest payment due

26?April?2022 on its in aggregate outstanding SEK?6?bn subordinated perpetual

capital securities with ISIN?SE0014958005 and SE0014958013 (jointly,

the?"Capital Securities").

SAS FORWARD Plan is designed to secure long-term competitiveness and financial

strength. The success of the program and the ability to attract potential new

capital relies on SAS fully achieving the cost reduction plan which in turn

depends upon SAS stakeholders' full participation.

A more comprehensive update on the progress of the SAS FORWARD Plan, will be

published later in April.

For further information, please contact:

SAS press office, +46 8 797 29 44

Louise Bergström, VP Investor Relations: +46 70 997 04 93

SAS, Scandinavia's leading airline, with main hubs in Copenhagen, Oslo and

Stockholm, is flying to destinations in Europe, USA and Asia. Spurred by a

Scandinavian heritage and sustainable values, SAS aims to be the global leader

in sustainable aviation. We will reduce total carbon emissions by 25 percent by

2025, by using more sustainable aviation fuel and our modern fleet with fuel

-efficient aircraft. In addition to flight operations, SAS offers ground

handling services, technical maintenance and air cargo services. SAS is a

founder member of the Star AllianceT, and together with its partner airlines

offers a wide network worldwide. Learn more at https://www.sasgroup.net

This is information that SAS AB is obliged to make public pursuant to the EU

Market Abuse Regulation. The information was submitted for publication by Louise

Bergström at 03:00 p.m. CET on April 7, 2022.

AI assistant