Saab increases ownership in HITT to 77%

This is a press release by Saab AB, pursuant to the provisions of Article 4,
paragraph 3 and Article 13, of the Decree on Public Takeover Bids (Besluit
Openbare Biedingen Wft, the "Decree") in connection with the recommended public
offer (the "Offer") by Saab AB ("Saab") for all the issued and outstanding
ordinary shares in the capital of HITT N.V. ("HITT") pursuant to the offer
document published by Saab on 6 August 2012 (the "Offer Document"). This
announcement does not constitute an offer to sell or buy or the solicitation of
an offer to buy or sell any securities, nor shall there be any sale or purchase
of securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. Any offer will be made only by means of the Offer
Document. This announcement is not for release, publication or distribution, in
whole or in part, in or into, directly or indirectly, the United States of
America, Australia, Canada or Japan.

Update recommended unconditional Saab Offer for HITT; pursuant to a share
purchase agreement with another large shareholder and additional share purchases
in the market, Saab increases ownership in HITT from 71% to 77% of the issued
and outstanding share capital and voting rights

Linköping, 3 September 2012 – Saab today announces that it now controls 74% of
the issued shares and 77% of the issued and outstanding shares and voting rights
of HITT.

Terms not defined herein shall have the meaning as set out in the Offer
Document.

Saab has agreed to purchase 238,500 ordinary shares in HITT for a price of EUR
7.00 per share, through a share purchase agreement with a certain large
shareholder, and has on 3 September 2012 purchased an additional 2,867 shares in
the market (in total corresponding to 5.4% of the issued and outstanding shares
of HITT). As a result, Saab increases its ownership from 71% to 77% of the
issued and outstanding share capital of HITT and 74% of the total issued share
capital (including HITT treasury shares). Saab has agreed upon a voting
arrangement with the relevant large shareholder, pursuant to which Saab can
exercise the voting rights in respect of the shares purchased from it as from
today.

As announced in its press release of 27 August 2012, Saab has acquired the
majority of the share capital of HITT from HITT majority shareholder Hitt
Holding B.V. and converted its conditional Offer in an unconditional – increased
– mandatory Offer for EUR 7.00 per share. As announced in its press release of
30 August 2012, Saab has subsequently acquired another 18% of the issued and
outstanding shares through share purchase agreements with other large
shareholders and through market purchases.

In the event that Saab, upon the Settlement Date or, if applicable, after the
Post Closing Acceptance Period, together with its affiliates holds 95% or more
of the issued share capital (geplaatst kapitaal) of the Company within the
meaning of Articles 2:92a DCC and/or 2:359c DCC, Saab shall acquire the
remaining Shares not tendered by means of buy-out proceedings (uitkoopprocedure)
in accordance with Article 2:92a of the DCC or takeover buy-out proceedings in
accordance with Article 2:359c of the DCC (each, a "Buy-Out"). In the event that
Saab cannot initiate a Buy-Out, it may choose to implement the Asset Sale by
HITT of its entire business to Saab or one or more designated subsidiaries of
Saab followed by Liquidation or other Post-Settlement Restructuring, as set out
in Section 6.10 of the Offer Document. The Buy-Out and the Asset Sale have
already been approved by the Boards, and any other Post Settlement Restructuring
which may be implemented by the Offeror requires the approval of the HITT
Supervisory Board (with a casting vote of the independent supervisory
directors).

Further information

For further information on the Offer explicit reference is made to the Offer
Document available at www.saabgroup.com and www.hitt.nl. The HITT shareholders
are advised to review the Offer Document in detail and to seek independent
advice where appropriate in order to reach a reasoned judgment in respect of the
content of the Offer Document and the Offer itself.

For more information

Saab’s Press Centre, Tel: +46 (0)734 180 018

Investor Relations, Ann-Sofi Jönsson, Tel:+46 (0) 734 180 018

The information is that which Saab AB may be required to declare by the
Securities Business Act and/or the Financial instruments Trading Act. The
information was submitted for publication on 4 September 2012 at 07.30 CET.

About Saab

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, adopts and improves new
technology to meet customers’ changing needs.

Forward-looking statements and restrictions

This press release may include "forward-looking statements" and language
indicating trends, such as "anticipated" and "expected." Although Saab believes
that the assumptions upon which their respective financial information and their
respective forward-looking statements are based are reasonable, it can give no
assurance that these assumptions will prove to be correct.

The Offer has been made with due observance of such statements, conditions and
restrictions as are included in the Offer Document.

The Offer has not been made, and the Shares will not be accepted for purchase
from or on behalf of any Shareholder, in any jurisdiction in which the making of
the Offer or acceptance thereof would not be in compliance with the securities
or other laws or regulations of such jurisdiction or would require any
registration, approval or filing with any regulatory authority not expressly
contemplated by the terms of the Offer Document. Persons obtaining the Offer
Document are required to take due note and observe all such restrictions and
obtain any necessary authorisations, approvals or consents (to the extent
applicable). Outside of the Netherlands, no actions have been taken (nor will
actions be taken) to make the Offer possible in any jurisdiction where such
actions would be required. In addition, the Offer Document has not been filed
with nor recognised by the authorities of any jurisdiction other than the
Netherlands. Saab, nor any of its advisers assumes any responsibility for any
violation by any person of any of these restrictions. Any person (including,
without limitation, custodians, nominees and trustees) who forwards or intends
to forward the Offer Document or any related document to any jurisdiction
outside the Netherlands should carefully read Sections 1 and 2 of the Offer
Document (Restrictions and Important Information) before taking any action. The
release, publication or distribution of the Offer Document in jurisdictions
other than the Netherlands may be restricted by law and therefore persons into
whose possession the Offer Document comes should inform themselves about and
observe such restrictions. Any failure to comply with any such restrictions may
constitute a violation of the law of any such jurisdiction.