SAS — Share Issue/Capital Change 2018

Nov 30, 2018

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

Change in number of shares and votes in SAS AB

30 November 2018

SAS AB ("SAS") has as previously announced carried out a compulsory redemption of all preference shares. The redemption of preference shares has resulted in a change in the number of shares and votes in SAS as follows:

Prior to the redemption of preference shares, there were in total 384 684 103 shares in SAS corresponding to 382,792,706.2 votes, of which 2,101,552 were preference shares, corresponding to 210,155.2 votes, and 382,582,551 were common shares, corresponding to 382,582,551 votes.

Following the redemption procedure, the number of preference shares in SAS has decreased by 2,101,552, corresponding to 2,101,55.2 votes. As of 30 November 2018, there are in total 382,582,551 shares in SAS, of which all are common shares corresponding to 382,582,551 votes.

For further information, please contact:

SAS press contact, +46 8 797 29 44 Magnus Hurst, Investor Relations, +46 70 997 45 19

SAS discloses the information herein pursuant to Chapter 4, Section 9 of the Swedish Financial Instruments Trading Act and corresponding Danish and Norwegian legislations. The information was submitted for publication on 30 November 2018 at 18:00 CET.