SAS to divest six properties to Swedavia for SEK 1.8 billion

As a step in the overall strategy to focus on its core business, the SAS Group
has signed an agreement with Swedavia to divest six properties at Arlanda in
Stockholm, Landvetter in Gothenburg and Sturup in Malmö at a market value of
MSEK 1,775.

The transaction will generate a positive effect of MSEK 450 and
capital gains of approximately MSEK 350, which will be reported during the
second quarter of 2012. SAS has also signed a lease agreement with Swedavia. The
annual cost for the lease agreement is neutral, compared with ownership of the
properties.

“The transaction is part of our 4Excellence strategy, in which we
focus on the core business, while releasing capital and strengthening our
financial preparedness,” says Benny Zakrisson, Executive Vice President
Infrastructure and M&A.

The properties comprise mainly hangers, workshops,
warehouses and offices. The sales process, which was initiated by SAS in 2011,
was implemented in international competition.

Newsec Corporate Finance was
SAS’ advisor in the transaction.

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

SAS Group Investor Relations

SAS is publishing this information in
accordance with the Securities Market Act and/or the Swedish Financial
Instruments Trading Act. The information was submitted for publication on April
30, 2012 at 12.55.