SAS Group announces an updated financial calendar in connection with the proposed rights issue process

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

SAS Group announces an updated financial calendar in connection with the
proposed rights issue process

In connection with the ongoing process and preparation for the rights issue
announced by the SAS Group on 9 February 2010, the SAS Group financial calendar
for spring 2010 will be changed as below:

• March 5, February traffic numbers to be released (unchanged)
• March 12, SAS Group's Annual Report to be released (unchanged)
• March 30, January-February financial update to be released 
- In order to provide the market with updated financial and operating
information prior to the launch of the rights issue, the SAS Group has decided
to publish a summary financial update on the result of the first two months of
2010. 
- The report will contain information on key financial developments and will
also include an update on the implementation of Core SAS strategy, in particular
the cost savings program.
• April 7, Annual General Meeting
• April 9, March traffic numbers to be released (unchanged)

The SAS Group Monthly Traffic Data during 2010 will normally be published on the
fifth working day of each month at 11 am (CET). The dates of the publications
can be changed. For precise dates, please see www.sasgroup.net under Investor
Relations/Financial calendar.

Timetable for the rights issue 2010 

• April 6, Subscription price and subscription announced through a press release
• April 7, Annual General Meeting approves the rights issue resolved by the
Board of Directors and resolves on all other proposals by the Board of Directors
related to the rights issue
• April 8, First day of trading in the shares, excluding right to participate in
the rights issue
• April 9, Publication of the prospectus
• April 12, Record date for participation in the rights issue, i.e. shareholders
registered in the share register of SAS as of this date will receive
subscription rights for participation in the rights issue (subject to applicable
securities laws restrictions based on the jurisdiction in which a shareholder
resides)
• April 22, Supplementary prospectus with first quarter information to be
released in connection with the First quarter interim report
• April 15-26, Trading in subscription rights
• April 15-29, Subscription period
• May 5, Announcement of outcome  

For further information, please contact 
Sture Stølen, Head of SAS Group Investor Relations, +46 70 997 1451



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 26, 2010, at 5:55 pm 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) to 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.