SAS share now traded exclusive of rights

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN AUSTRALIA, CANADA, JAPAN OR THE
UNITED STATES

SAS share now traded exclusive of rights

As previously announced, the extraordinary general meeting of SAS AB approved on
13 March 2009 the Board of Director's resolution on a rights issue of up to
2,303,000,000 shares at a subscription price of 2.63 SEK per share. Each share
held on the record date 18 March 2009 will entitle the holder to subscribe for
14 new shares. The SAS share is from and including 16 March 2009 traded
exclusive of the right to participate in the right issue.

For further details about the rights issue please refer to the SAS Group website
www.sasgroup.net.

For further information, please contact
Sture Stølen, Head of SAS Group Investor Relations, +46 8 797 14 51

SAS Group Investor relations



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 March 16 at 0700 CET

Disclaimer
This document is not being distributed to persons in any state or jurisdiction
where the offer or sale of the Rights or Shares is not permitted.

These materials are not an offer for sale of securities in the United States. 
Securities may not be sold in the United States absent registration with the
United States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended.  The issuer of
the securities does not intend to register any part of the offering in the
United States or to conduct a public offering of the Rights or the Shares in the
United States.

This document is only being distributed to and is only directed at (i) persons
who are outside the United Kingdom or (ii) investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other
persons to whom it may lawfully be communicated, falling within Article 49(2)(a)
to (d) of the Order (all such persons in (i), (ii) and (iii) above together
being referred to as “relevant persons”).  The Rights and the Shares are only
available to, and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with, relevant
persons.  Any person who is not a relevant person should not act or rely on this
document or any of its contents.

This document is an advertisement and is not a prospectus for the purposes of
Directive 2003/71/EC (such Directive, together with any applicable implementing
measures in the relevant home Member State under such Directive, the “Prospectus
Directive”).  A prospectus prepared pursuant to the Prospectus Directive will be
published, which, when published, can be obtained from the SAS Group. Investors
should not subscribe for any securities referred to in this document except on
the basis of information contained in the prospectus.

In any EEA Member State that has implemented the Prospective Directive, this
communication is only addressed to and is only directed at qualified investors
in that Member State within the meaning of the Prospectus Directive.