SAS to retain ground handling operations at the main airports

In line with the letter of intent signed in September 2015, SAS and Aviator
Airport Alliance Europe AB (Aviator) have agreed to continue negotiations in
respect of the transfer of SAS Ground Handling’s line stations in Gothenburg and
Malmö to Aviator. However, SAS has decided not to outsource ground handling at
the main airports of Copenhagen, Oslo, and Stockholm.
In September 2015, SAS signed a letter of intent with Aviator concerning the
transfer of ground handling at the main airports in Scandinavia and in
Gothenburg and Malmö. Following an analysis and evaluation of the offer, SAS and
Aviator have agreed only to finalize negotiations on the transfer of ground
handling operations at the airports in Gothenburg and Malmö, which is in line
with what SAS has done at other line stations in Scandinavia and worldwide.

SAS has decided to continue to operate ground handling at the main airports
itself. In recent years, SAS has implemented a large-scale streamlining program
within SAS Ground Handling and has outsourced a large proportion of the
business, which has reduced costs by around MSEK 300 over the past two years.

SAS and Aviator have concluded that the commercial criteria do not exist to
warrant a takeover of ground handling at the main airports. SAS digitalization
strategy will enable further streamlining and customer improvements to be made
within the sphere of ground operations, which the company considers can be best
achieved by itself.

Negotiations on ground handling in Malmö and Gothenburg are expected to be
completed during summer 2016.

SAS Investor Relations

SAS is publishing this information in accordance with the Swedish Securities
Market Act and/or the Swedish Financial Instruments Trading Act. This
information was submitted for publication on May 4, 2016, at 8 am.