SAS — Major Shareholding Notification 2018

Sep 12, 2018

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

Stock Exchange announcement 12 September 2018

Joint statement regarding Air Greenland A/S

The Government of Denmark and the Government of Greenland have on the 10th of 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.