Saab divest its shares in C3 Technologies

Saab divest its shares in C3 Technologies

Defence and security companySaabABhas agreed to divest its shares,
corresponding to 57.8 per cent on a fully diluted base, in the 3D
mapping company C3 Technologies AB (C3). The consideration amounts to
approximately MSEK 1,009.

C3 is a spin-off from Saab and delivers 3D data to consumer markets
based on the Saab 3D mapping technology.

The cash consideration for the divestment amounts to approximately MSEK
1,009 and the transaction will generate a capital gain of approximately
MSEK 906. It will have a positive impact on earnings per share fully
diluted of approximately SEK 8.1 in 2011.

C3 was founded by Saab Venture in 2008. Saab Venture's purpose is to
initially run companies with new products for new applications. This,
for example, includes technologies that emanates from defence
technologies for applications outside Saab's core areas. Since 2001,
Saab has spun off 15 companies,

Going forward Saab will continue to serve the defence, governmental and
professional geographic information (GIS) market with Rapid 3D Mapping
applications through R3DM, a business development project within the
business area Dynamics.

The transaction is expected to close in the third quarter of 2011,
subject to customary closing conditions.

Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has
operations and employees on all continents and constantly develops,
adapts and improves new technology to meet customers' changing needs.

For further information, please contact:

Saab Press Centre, +46 (0)734 180 018,
presscentre@saabgroup.com (presscentre@saabgroup.com)

Saab's Investor Relations, Ann-Sofi Jönsson, +46 734 18 72 14

www.saabgroup.com (http://www.saabgroup.com/)

The information is that which Saab AB is required to declare by the
Securities Business Act and/or the Financial instruments Trading Act.
The information was submitted for publication on July 14 at 8.00.