SAS’ RESTRUCTURING PROCEEDINGS IN THE U.S. AND SWEDEN

Instructions for holders of commons shares who wish to participate in the plan hearing

Holders of SAS AB’s common shares who wish to participate in the plan hearing in person or by proxy must be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on Thursday July 4, 2024. Shareholders represented by proxy must also issue a dated written proxy for their representative, and bring the original proxy to the plan hearing.

To be entitled to participate in the plan hearing, a shareholder whose shares are registered in the name of a nominee must register its shares in its own name so that the shareholder is listed in the presentation of the share register as of the record date, July 4, 2024. Such registration may be temporary (so-called voting right registration), and a request for such voting right registration shall be made to the nominee, in accordance with the nominee’s routines, at such a time prior to the record date as decided by the nominee. Voting right registrations that have been made by the nominee no later than Monday July 8, 2024 will be taken into account in the presentation of the share register.

Any shareholder whose common shares are registered with Euronext Securities Copenhagen in Denmark must request that Euronext Investor Services temporarily register the common shares in the shareholder’s own name with Euroclear Sweden AB to be entitled to participate in the plan hearing. A request for such voting right registration must be received by Euronext Securities Copenhagen no later than 3:00 p.m. CEST on Friday July 5, 2024, and can be submitted by sending a completed and signed registration form by regular mail to Euronext Securities Copenhagen, Nicolai Eigtveds Gade 8, DK-1402 Copenhagen, Denmark, or by email to CPH-investor@euronext.com, or through Euronext InvestorPortalen (see link below).

• SAS - [DK] Formular vedrørende registrering af aktiebeholdning

Euronext InvestorPortalen

Any shareholder whose common shares are registered with Euronext Securities Oslo in Norway must request that Nordea Norway temporarily register the common shares in the shareholder’s own name with Euroclear Sweden AB to be entitled to participate in the plan hearing. A request for such voting right registration must be received by Nordea Bank Abp, filial i Norge, Securities Services – Issuer Services no later than 3:00 p.m. CEST on Friday June 28, 2024, and can be submitted by sending a completed and signed registration form by regular mail to P.O. Box 1166 Sentrum, NO-0107 Oslo, Norway or by email to nis@nordea.com.

• SAS - [NO] Skjema for re-registrering av aksjer

Information on record date for listed commercial hybrid bonds

For practical reasons, the number of eligible voters in the group where the holders of SAS AB’s listed commercial hybrid bonds are included will, in accordance with the reorganization plan, be determined based on the conditions prevailing on the record date, Friday July 5, 2024.

For Customers:

• Your current bookings remain in effect and you will be notified as usual if there are any changes to our scheduled departures.
• You can continue to book flights online at flySAS.com or through SAS’ mobile app without service disruption. Reservations and all other customer services and systems will continue as they have been.
• You can continue using tickets, vouchers and gift cards purchased before SAS initiated this process.
• We will honor all EuroBonus services and benefits, and you will be able to continue accruing and redeeming points earned through EuroBonus to purchase tickets with SAS during this process.
• We will continue to issue ticket refunds and honor travel coupons and payments or credits associated with baggage or service claims in adherence with our current policies.

For Employees:

• You will continue receiving pay and benefits as normal.
• The restructuring proceedings have no impact on your day-to-day responsibilities.