SAS Group’s Annual Report 2012

The Board of Directors of SAS AB has held a meeting where the annual report for
2012 (January – October) for SAS Group and the parent company SAS AB was
presented and approved.

The annual report is now available on the Internet, www.sasgroup.net under
Investor Relations/Reports and presentations/Annual reports, and will be printed
and distributed to shareholders and other stakeholders who have notified their
interest to receive a copy.

The Annual Report contains final calculations pertaining to the SAS Group’s
defined-benefit pension plans, which show that actuarial gains and losses
including plan amendments amount to SEK 13.5 billion at October 31, 2012. In
parallel, the effects of the new pension conditions amount to SEK 3.4 billion
compared with the previously reported SEK 2.8 billion. Accordingly, pro forma
actuarial gains and losses including plan amendments, after amortization,
reversal of deferred tax liabilities and including Widerøe’s actuarial gains and
losses, amounted to SEK 7.9 billion, which is in line with the estimates made in
conjunction with the fourth quarter report.

Aside from this, the annual report does not contain any new substantial
information which has not already been disclosed.

Dividend proposal
The Board of Directors proposes to the Annual General Shareholders’ Meeting that
no dividends be paid to SAS AB’s shareholders for the 2012 fiscal year. This is
motivated by the SAS Group’s results and cash flow. A good financial position
and financial flexibility will be important in completing all measures in the
4Excellence and 4XNG strategies as well as in future investments.

Annual General Meeting
The Annual General Meeting will be held on March 20, 2013 at 2.00 pm CET at
Clarion Hotel, Arlanda Airport, Sweden. Shareholders are also entitled to
participate at the Annual General Meeting from a venue in Copenhagen (ParkInn by
Radisson Copenhagen Airport) and in Oslo (Radisson Blu Nydalen Hotel).


For further information, please contact
SAS Press office, +46 8 797 2944

SAS discloses this information pursuant to the Swedish Securities Market Act
and/or the Swedish Financial Instruments Trading Act. The information was
provided for publication on February 15, 2013, at 14:55 p.m CET.