SAS sells minority holding in Widerøe

In September 2013, SAS sold 80% of the shares in Widerøe AS (Widerøe) to WF
Holding AS (WF Holding), an investment company controlled by Torghatten ASA. At
the same time SAS informed that the remaining shares would be divested during
2016.

SAS has now together with the WF Holding agreed to sell the remaining holding of
20% to WF Holding according to the sales agreement.

The shares are transferred on 30 June 2016. The transfer of shares will not
affect SAS’s earnings or cash position during fiscal year 2015/2016.

Widerøe will continue to be a regional partner to SAS.

SAS Investor Relations

SAS is publishing this information in accordance with the Swedish Securities
Market Act and/or the Swedish Financial Instruments Trading Act. This
information was submitted for publication on June 30, 2016, at 08.00.