SAS — Regulatory Filings 2015

May 28, 2015

SAS has signed an agreement with the Norwegian Pilot Union (NSF) and the industrial action in Norway is called of

SAS has signed an agreement with the Norwegian Pilot Union (NSF) and the industrial action in Norway is called of

SAS has today signed a new modern collective bargain agreement with the

Norwegian pilot union NSF. The negotiations have reached its objective after a

strike that lasted for seven days and involved 17 pilots. SAS has now agreed

with all of its pilot unions on new collective bargain agreements that create

conditions for future expansion.

Job security, reduced complexity and SAS need to act faster in relation to the

market's demand have been central parts in the negotiations for a new collective

bargain agreement with the pilot unions during this spring. The Norwegian pilot

union NSF signed the agreement today as the last of the pilot unions and the

agreement is now subject to a member voting.

- To start with I would like to apologize to those customers who have been

affected by the strike. We have now reached agreements with all four pilot

unions that enable us to invest in the future and continue the positive

development. The negotiations are also a proof that we, together with the pilot

unions, jointly have taken responsibility for securing Scandinavian jobs and a

future for pilots at SAS, says Rickard Gustafson, President and CEO at SAS.

The new collective bargain agreement is in force for 1 year and valid from April

1, 2015.

For further information, please contact:

SAS media service, +47 64 81 88 00

SAS discloses this information pursuant to the Swedish Securities Market Act

and/or the Swedish Financial Instruments Trading Act. The information was

provided for publication on 28 May, at 9.40 p.m. CET.