Negotiations with the pilots’ unions in final phase

SAS is in the final negotiations with the Swedish pilot union SPF and the
Norwegian pilot union NSF. SAS’ firm intention is to reach an agreement in the
negotiations, but in case of a possible industrial action passengers will be
mostly affected in Sweden from May 21.
SAS has currently signed new Scandinavian collective bargain agreements with
over half of the SAS pilots. Negotiations are now underway with the assistance
of mediation with the Norwegian pilot union NSF and the Swedish pilot union SPF.
Both unions have announced a strike from Thursday May 21 if no agreement is
reached. SAS’ firm intention is to reach an agreement in the negotiations
regarding new Scandinavian bargain agreements to avoid customers being affected
by delays and cancelled flights, but cannot rule out that a strike may occur.

- Our travelers will suffer at a conflict and I can only regret that we are now
facing a situation threatening to affect many passengers in a negative way. Our
ambition during the night is to continue the constructive negotiations and reach
a joint solution which we have already done with more than half of the pilots.
We have been responsive to the pilots’ demands and sought solutions that meet
their needs for employment and career opportunities in SAS and that
simultaneously allows SAS to cope with the fierce competition in the airline
industry, says Rickard Gustafson President and, CEO of SAS.

Expected traffic disruptions
In order to avoid that travelers and co-workers become stranded during an
eventual strike, SAS takes precautions and cancels about 110 flights tonight and
tomorrow May 21.

The majority of SAS’ Swedish domestic and international flights will be affected
by a possible conflict on Thursday, May 21. There may be some traffic
disruptions from Danish and Norwegian airports, both domestically and
internationally. In total, around 25 percent of SAS flights are expected to be
cancelled during an eventual strike.

SAS will continually update its website with travel information and send updates
via SMS and e-mail to the travelers. It will also be possible to follow
developments via SAS channels in social media.

For rules about rebooking and cancellation of flights, customers should contact
SAS customer service or travel agencies where the ticket has been purchase.

For further information

SAS press office Sweden +46 8 797 29 44
SAS press office Norway +47 64 81 88 00
SAS press office Denmark +45 3232 3135

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 20 May, at 7.30 p.m. CET.