Saab Contract With Brazil For Operational Capabilities On Gripen NG Comes Into Effect

On 24 April 2015 Saab announced the conclusion of a contract with the Brazilian
Ministry of Defence, through the Aeronautics Command (COMAER), concerning
acquisition of external stores for Gripen NG. This contract has now come into
effect as all required conditions have been fulfilled. Today, the order value of
approximately USD 245 million is booked by Saab as order intake.
The order includes deliveries of external stores by Saab and suppliers who have
been selected by the customer for the Brazilian Gripen NG programme. Deliveries
will be made in connection with deliveries of the Gripen NG aircraft to the
Brazilian Air Force.

The contract supplements the existing contract with Brazil concerning
development and production of 36 Gripen NG, which was announced on 27 October
2014. Gripen NG deliveries to the Brazilian Air Force will be undertaken from
2019 to 2024.

For further information, please contact:

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

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Saab serves the global market with world-leading products, services and
solutions within military defence and civil security. Saab has operations and
employees on all continents around the world. Through innovative, collaborative
and pragmatic thinking, Saab develops, adopts and improves new technology to
meet customers’ changing needs.

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 21 December 2015 at 21.30 (CET).