SAS — M&A Activity 2010

Sep 6, 2010

SAS divest remaining shareholding in Skyways

SAS divest remaining shareholding in Skyways

SAS Group has today further simplified its corporate structure by

divesting its remaining 19.9% shareholding in the regional airline

Skyways Holding AB. The shares are purchased by Largus Holding AB, a

company fully owned by the Salén family that already owns the remaining

80.1% of Skyways Holding AB.

The transaction is part of a number of divestments performed in line

with the Core SAS strategy that includes focus on business travelers and

simplifying the corporate structure. SAS and Skyways intend to continue

its close commercial cooperation also for the future.

The transaction creates a capital loss for SAS Group of approximately

MSEK 40.

For further information, please contact

Sture Stølen, VP Head of SAS Group Investor Relations +46 8 797 1451

www.sasgroup.net (http://www.sasgroup.net/)