Saab invests in Indian company Pipavav

In august 2012 defence and security company Saab announced that a Memorandum of
Understanding (MOU) had been signed concerning a strategic investment in the
listed Indian company Pipavav Offshore and Defence Engineering Ltd (Pipavav).
The investment of MSEK 250 has now been made in shares issued through a, to
Saab, directed share issue. After the investment, Saab holds approximately 3.3
per cent of the capital and votes in the company. The investment will be
financed from Saab's own readily available resources.
Pipavav is a well-known company in the naval domain inIndiaand has the ambition
to grow in other areas of defence as well. And at the same time as the MOU was
signed, Saab and Pipavav also signed a Technical Partnership Agreement (TPA), a
continuation of an ongoing co-operation between the companies covering details
about the format for continued relationships and relevant projects.

"We are pleased to announce this partnership and our strategic investment in
Pipavav. The investment offers a solid platform for growth for us on the Indian
market and Pipavav strengthens their competitive position through Saab’s
technology.Indiais an important market for us and the investment will further
reinforce Saab's strong position on the global defence and security market,”
says Lars Olof Lindgren, Head of Market Area, SaabIndia

Saab and Pipavav have previously also jointly formed the Combat System
Engineering group, which analyses naval combat system design and architecture.
The companies are also exploring next generation combat management systems for
the Indian Navy and Coast Guard.

Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has operations
and employees on all continents and constantly develops, adopts and improves new
technology to meet customers’ changing needs.

For further information, please contact:

Saab Press Centre, +46 (0)734 180 018, presscentre@saabgroup.com

www.saabgroup.com

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The information is that which Saab AB is required to declare by the Securities
Business Act and/or the Financial instruments Trading Act. The information was
submitted for publication on May 27 at 15.15 CET.