SAS Group Traffic Figures - October 2012

• SAS Group carried 2.7 million passengers in October, up 4.6%.

• SAS Group’s capacity (ASK) increased by 6.7% and the Group’s traffic (RPK)
increased by 5.4%.

• The SAS Group’s load factor declined 0.9 p.u. to 74.1%.

Group market trends, RASK and yield development

Traffic growth continued to be positive during October, but did not fully match
all additional capacity. Weather conditions and short term operational
challenges also affected the growth. Intercontinental and certain European and
domestic routes continued to grow well.

Currency adjusted yield (Scandinavian Airlines) in September was down 1.6%
versus previous year and RASK was up 0.8% in line with previous guidance. For
October 2012 the yield and RASK (change vs last year) are expected to be close
to unchanged or positive.

The response to market campaigns is good and forward booking levels continue to
be well above last year’s level. Overall, the market demand continues to be
good, but remains unpredictable due to risk in the global economy. This adds
uncertainty to the yield and RASK outlook going forward.