Resolutions approved by the 2011 Annual General Shareholders' Meeting of SAS AB

Resolutions approved by the 2011 Annual General Shareholders' Meeting of
SAS AB

 

The Annual General Shareholders' Meeting on Monday, 11 April 2011,
approved the motion put forward by the Nomination Committee regarding
the re-election of the following Board members of SAS AB: Fritz H.
Schur, Jacob Wallenberg, Dag Mejdell, Monica Caneman, Jens Erik
Christensen, Gry Mølleskog, and Timo Peltola.

Fritz H. Schur was re-elected as Chairman of the Board of Directors.
The Meeting resolved that no dividend would be paid to shareholders for
the financial year 2010.
It was resolved that the Nomination Committee shall comprise six members
and shall prepare proposals to be presented at the Annual General
Shareholders' Meeting in 2012  for resolution regarding:
- Chairperson of the Annual General Shareholders' Meeting
- the number of Board members, and directors' fees, divided between the
Chairperson, Vice Chairperson, other members and any remuneration for
work on Board committees
- election of Board members and Chairperson of the Board
- fees for the Company's auditors
- Nomination Committee for the 2013 Annual General Shareholders'
Meeting.
The following members were elected to the Nomination Committee: Marianne
Förander, Ministry of Finance, for the Swedish government; Peter Brixen,
Ministry of Finance, for the Danish government; Knut Utvik, Ministry of
Trade and Industry, for the Norwegian government; Peter Wallenberg Jr.
for the Knut and Alice Wallenberg Foundation; Karsten Biltoft for
Denmark's Nationalbank, and Anders Rydin for SEB Funds. The election of
the Chairman for the Nomination Committee, replacement of members during
their terms of office and replacement of shareholder representatives
owing to a substantial reduction in shareholding, shall take place in
accordance with the written instructions resolved upon by the Annual
General Shareholder's Meeting.

On other matters, the Annual General Shareholders' Meeting also voted in
accordance with the proposals contained in the notification of the
Meeting, including the proposed amendments of the articles of
association.

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