SAS

Pre-Annual General Meeting Information • Jan 23, 2024

SAS announces changes to the Nomination Committee and its AGM 2024 proposals

SAS announces changes to the Nomination Committee and its AGM 2024 proposals

The composition of the Nomination Committee ahead of SAS AB's Annual General

Meeting on March 18, 2024 has been changed after Gerald Engström, representing

himself and Färna Invest AB, has chosen to resign from the position.

The Nomination Committee has, having taken into account the instruction to the

Nomination Committee adopted by the Annual General Meeting 2023, determined that

it is not possible to appoint a replacement and, consequently, decided to

fulfill its assignment with one fewer member.

After the change, the Nomination Committee consists of:

· Åsa Mitsell, representing the Ministry of Finance, for the Swedish

government (Chairman of the nomination committee)

· Adrian L?bbert, representing the Ministry of Finance, for the Danish

government

· Jacob Wallenberg, representing Wallenberg Investments AB

· Carsten Dilling, Chairman of the Board of SAS AB

The Nomination Committee further proposes that the Annual General Meeting 2024

resolves that the Nomination Committee, also for the period until the next

general meeting, shall consist of the Chairman of the Board and representatives

of the three largest shareholders. The Nomination Committee is not proposing any

changes to the instruction for the Nomination Committee or otherwise as regards

fees and election of Board members or auditors. The Nomination Committee's

complete proposals will be included in the notice convening the Annual General

Meeting.

For further information, please contact:

SAS Press office, +46 8 797 29 44

Investor relations, +46 70 997 7070

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

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

Scandinavian heritage and sustainable values, SAS aims to be the driving force

in sustainable aviation and in the transition toward net zero emissions. We are

continuously reducing our carbon emissions through using more sustainable

aviation fuel, investing in new fuel-efficient aircraft and technology

innovation together with partners - thereby contributing towards the industry

target of net zero CO2 emissions by 2050. In addition to flight operations, SAS

offers ground handling services, technical maintenance and air cargo services.

Learn more athttps://www.sasgroup.net