Saab AB utilizes repurchase authorization to hedge the company's Share Matching Plans and Performance Share Plans

Saab AB utilizes repurchase authorization to hedge the company's Share
Matching Plans and Performance Share Plans

The Annual General Meeting 2011 ofSaabAB(Saab) resolved to authorize the
Board of Directors to decide to repurchase the company's own shares of
series B in order to hedge the company's Share Matching Plans and
Performance Share Plans. Saab is announcing that the Board today has
decided to utilize its authorization for this purpose.

Acquisitions will be made on NASDAQ OMXStockholmat a price within the
registered share price interval on each occasion.

Acquisitions can be made as of 20 July 2011 until next year's Annual
General Meeting. However no acquisitions will be made during a 30-day
period prior to the public release of quarterly results, including the
date of release.

Saab holds 4,182,410 own shares of series B as per 31 May 2011. The
total number of outstanding shares in the company is 109,150,344. The
maximum number of shares now intended to be repurchased is 1,340,000
shares of series B.

For further information, please contact: Saab Press Centre, 46 (0)734
180 018 www.saabgroup.com