SAS - Share Issue/Capital Change 2020

Change in number of shares and votes in SAS

SAS AB ("SAS") has, as previously announced, successfully implemented the

recapitalization plan and carried out share issues of 6,883,620,656 common

shares in total. The 1,729,170,833 common shares subscribed for in the directed

issue to the governments of Sweden and Denmark, the 1,163,793,087 common shares

subscribed for in the set-off issue to holders of SAS' MSEK 1,500 subordinated

perpetual floating rate capital securities, the 547,413,777 common shares

subscribed for in the set-off issue to holders of SAS' MSEK 2,250 senior

unsecured fixed rate bond due 24 November 2022 and 3,437,102,162 common shares

out of the 3,443,242,959 common shares subscribed for in the rights issue, have

been registered with the Swedish Companies Registration Office in October 2020,

and the number of shares and votes in SAS has therefore increased by

6,877,479,859. The new common shares will be admitted to trading on Nasdaq

Stockholm, Nasdaq Copenhagen and Oslo Børs on 3 November 2020, and cannot be

traded prior to this date. The remaining 6,140,797 common shares subscribed for

in the rights issue are expected to be registered with the Swedish Companies

Registration Office in the beginning of November 2020.

Prior to the implementation of the recapitalization plan, there were in total

382,582,551 shares in SAS, of which all were common shares, corresponding to

382,582,551 votes.

As of 30 October 2020, there are in total 7,260,062,410 shares in SAS, of which

all are common shares, corresponding to 7,260,062,410 votes.

For further information, please contact:

SAS press office, +46 8 797 2944

Michel Fischier, VP Investor Relations, +46 70 997 0673

This is information that SAS AB is obliged to disclose pursuant to Chapter 4,

Section 9 of the Swedish Financial Instruments Trading Act and corresponding

Danish and Norwegian legislations. The information was submitted by Michel

Fischier for publication on 30-10-2020 12:37 CET.

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