SAS — M&A Activity 2018

Sep 12, 2018

Joint statement regarding Air Greenland A/S

Joint statement regarding Air Greenland A/S

The Government of Denmark and the Government of Greenland have on the 10thof

September 2018 come to a political agreement in which it is mentioned that the

Government of Greenland will look into acquiring the shares in Air Greenland

owned by the Danish State. The acquisition is conditional on the two parties

reaching satisfying agreements on a number of issues, including a satisfying

agreement on the valuation of the shares. Furthermore, the acquisition of the

shares owned by the Danish State is conditional on getting the necessary

approvals from the relevant authorities.

Following the political agreement mentioned above, SAS and the Government of

Greenland also announce that the Government of Greenland will consider buying

the 37.5% stake in Air Greenland owned by SAS. This potential acquisition is

subject to the same terms and conditions as outlined above, and conditional on

SAS AB board approval.

SAS Investor Relations

SAS press hotline, Tel. +46 8 797 29 44

Magnus Hurst, Investor Relations, +46 70 997 4519

This information is information that SAS AB (publ) is obliged to disclose

pursuant to the EU Market Abuse Regulation. The information was submitted for

publication, through the agency of the contact person set out above, at 1.30pm.

CET on September 12, 2018.