SAS issues approx. SEK 2 billion of senior unsecured bonds

SAS issues approx. SEK 2 billion of senior unsecured bonds

SAS (Scandinavian Airlines System Denmark -Norway- Sweden) has issued
two senior unsecured bonds, one of MSEK 1300 and one of MEUR 75 for a
3,25 years term, maturing in June  2014. The total volume of the two
bonds is approx SEK 2 billion. The MSEK 1300 bond has a coupon of 10,50%
and the MEUR 75 a coupon of 9,65%.

“We are pleased to place almost 2 SEK billion in bonds in a challenging
market.  The placement is part of a planned refinancing of excising debt
and it will also create additional financial flexibility for the
upcoming streamlining of the aircraft fleet, says Göran Jansson, CFO and
Deputy CEO. 

SEB has acted as a sole advisor for the transactions.

SAS AB discloses the information provided herein pursuant to the Swedish
Securities Markets Act and/or the Swedish Financial Instrument Trading
Act. The information was submitted for publication at 1620 CET on March
16 2011.

För ytterligare information, vänligen kontakta:
Sture Stølen, VP Head of SAS Group Investor Relations +46 8 797 1451