The EU Commission does not appeal the EU General Court’s judgment and MEUR 70.2 will be returned to SAS

On November 9, 2010, the European Commission decided to fine SAS Cargo and the
SAS Group, alongside 11 other airlines, for participating in a global cartel in
the cargo sector. SAS was fined MEUR 70.2, but appealed the decision to the
European Court's first instance, the General Court. In December 2015, the
General Court annulled the European Commission’s decision including the fine of
MEUR 70.2.

The European Commission has been able to appeal the EU General Court’s judgment
made in December 2015 to the European Court’s court of highest instance, the
Court of Justice of the European Union. The EU Commission has informed that it
does not intend to appeal the judgment, which means that the fine from 2010 of
MEUR 70.2 will be returned to SAS.

SAS will recognize the reversal as a non-recurring item in the second quarter of
fiscal year 2015/2016.

The EU Commission has the ability to make a new decision in relation to this
matter. SAS does not have any insight and cannot influence the timing and
content of such possible new decision.

For further information, please contact:

SAS Press Service, tel +46 8 797 2944