SAS AB (publ) adjusts conversion price on SEK 1.60 billion convertible bonds due 2015

SAS AB (publ) (“SAS” or the “Company”) today announces that it has adjusted the conversion price on its SEK1.60 billion of convertible bonds due 2015 with an annual coupon of 7.5 per cent (the “Bonds”). The adjustment was undertaken based on Section 6 (b) (iv) of the Terms and Conditions of the Bonds due to the SEK4,959,675,000 rights issue approved by the Annual General Meeting of the Company on 7 April 2010.

Following the adjustment, the Bonds will carry a conversion price of SEK1.55. Besides the conversion price, all other terms of the Bonds remain unchanged.

This announcement does not constitute or form part of an offer to sell or the solicitation of an offer to subscribe for any securities of SAS.

For further information, please contact
Sture Stølen, Head of SAS Group Investor Relations, +46 70 997 1451

SAS discloses this information pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was provided for publication on 9 April 2010, at 08.00 CET.

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