Saab Completes Acquisition of Sensis

Saab Completes Acquisition of Sensis

Defence and security companySaabAB's acquisition of the U.S. Company
Sensis Corporation (Sensis), announced on 29 June 2011, is completed.
The acquisition creates a stronger foundation for growth in the North
American market for the Saab Group.

Requisite reviews by the U.S. Trade Commission according to the
antitrust laws as well as by the Committee on Foreign Investment in the
United States (CFIUS) have been accomplished and the former Sensis
Corporation has been renamed to Saab Sensis Corporation. The company
will continue operations in theU.S.as a subsidiary within the Saab
Group.

"This acquisition is in line with our ambition to focus on selected
markets and grow our core business. Saab Sensis' offering and their
strong local presence in theU.S.within radar and sensors and a
world-leading position in the Air Traffic Management market is an
excellent complement to our operations.” says Håkan Buskhe, President
and CEO.

“In addition, we also see good potential to expand the company's
existing product portfolio, leveraging other Saab technology such as our
C4I* solutions, to further increase our reach into theU.S.defense
market. As a result of the identified significant medium- to long-term
operational synergies, as well as from a Sales and Marketing
perspective, we believe the acquisition will be value enhancing.”

Saab Sensis has a workforce of approximately 600 employees and services
a global base of more than 60 customers located in more than 35
countries across six continents. Its customers include 54 of the world's
100 largest airports. The company generated revenues of about MUSD 173
in fiscal year July-June 2009/2010 (MUSD158 in 2008/2009) and EBIT of
about MUSD 4.0 in fiscal year July-June 2009/2010 (MUSD 7.2 in
2008/2009).

The consideration amounted to approximately MUSD 150 (MSEK 975) and an
earn-out fee of maximum MUSD 40 (about MSEK 260) by 2014 which is
dependent on the achievement of various conditions. The maximum total
consideration amounts to approximately MUSD 190 (MSEK 1,235). Saab will
use existing cash to fund the acquisition.

The acquisition is estimated to have a negative effect of about SEK
0.5-1 on earnings per share after dilution in 2011.

*C4I= command, control, computing, communication and intelligence
equipment.

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.

For further information, please contact:

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

Saab North America Media Contact:

Mr. John A. Belanger, V.P., Head of Communications, Saab North America,
Inc.

john.belanger@saabgroup.com (john.belanger@saabgroup.com)

Tel: +1 (703)406-7905

Saab Sensis Media contact:

Ms. Beth Larson, Director of Communications, Saab Sensis Corporation

beth.larson@saabsensis.com (beth.larson@saabsensis.com)

+1 (315) 234-3729

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 15 August, 2011 at
02:00 EST (08:00 CET).