Saab and Embraer Establish Partnership for Joint Programme Management for Brazil’s F-X2 Project

Following the Memorandum of Understanding announced on 11 July 2014, Saab and
Embraer have today signed an agreement that establishes a partnership for joint
management of the F-X2 Project for the Brazilian Air Force. The partnership
agreement is part of Saab’s commitment to deliver industrial co-operation in
relation to the F-X2 project. Under this agreement, Embraer will have a leading
role in the overall programme performance of the programme. Embraer will also
undertake an extensive share of work in the production and delivery of both the
single- and two-seat versions of the Gripen NG, Brazil’s next-generation fighter
jet.
Embraer will be responsible for extensive work packages in systems development,
integration, flight test, final assembly and aircraft deliveries. Embraer will
also participate in the coordination of all development and production
activities in Brazil. Furthermore, Embraer and Saab will be jointly responsible
for the complete development of the two-seat version of the Gripen NG.

Beginning in the second half of 2015, a team of Embraer engineers and
technicians will be based in Sweden to conduct initial training in the
maintenance and development work for the Gripen NG. This skill and competence
will subsequently be transferred to Brazil.

Embraer and Saab will build an Engineering Centre at Embraer's industrial plant
in Gavião Peixoto, in the state of São Paulo, to support operations of the
Gripen NG fighters with the Brazilian Air Force.

“With this agreement, Embraer and Saab establish a long-term partnership on a
strategic project for Brazil and for the Brazilian Air Force,” says Jackson
Schneider, president and CEO of Embraer Defense & Security.
“The Gripen NG will increase the operational standard of our Air Force, enabling
it with the appropriate means to fulfill its primary mission, which is the
defense of our territory”, says Schneider.

“Through this partnership we will secure an excellent result for the Brazilian
Air Force and we will establish solid ground for success with future business
opportunities and customers. Not only do we share experience in the defense and
aeronautical markets, but both organisations have a clear dedication to customer
satisfaction that validates Gripen as the most capable and modern fighter system
on the market”, says Lennart Sindahl, Deputy CEO at Saab.

“The Brazilian Air Force sees with great enthusiasm this additional incentive to
the Brazilian industry, through the companies of the defense sector. This new
strategic partnership confirms that we are building a promising future. The
defense industry needs to be increasingly strengthened as it is one of the main
drivers of scientific and technological development of our country”, said
Aeronautics Commander, Air Force Brigadier General Nivaldo Luiz Rossato.

The implementation of the partnership for joint programme management between
Saab and Embraer is subject to the F-X2 contracts between Saab and COMAER
becoming effective. The contract between Saab and COMAER for Gripen NG and the
associated Industrial Co-operation contract will come into effect once certain
conditions have been fulfilled. These conditions are expected to be fulfilled
during the first half of 2015.

The Gripen NG is a true multi-role fighter aircraft, based on the proven Gripen
C/D platform. It is built to adapt to all of the changing threats and
operational requirements currently faced by modern air forces. Gripen’s
combination of very advanced operational capabilities with moderate through-life
costs make the fighter absolutely unique on the world market.

For further information, please contact:

Saab Press Centre,

+46 (0)734 180 018,

presscentre@saabgroup.com

www.saabgroup.com

www.saabgroup.com/YouTube

Follow us on twitter: @saab

Embraer Press Centre, +5511 3040-8438

press@embraer.com.br

Follow us on Twitter: @EmbraerSA

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.

Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world’s largest manufacturer
of commercial jets up to 130 seats, and one of Brazil’s leading exporters.
Embraer’s headquarters are located in São José dos Campos, São Paulo, and it has
offices, industrial operations and customer service facilities in Brazil, China,
France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs,
develops, manufactures and sells aircraft and systems for the commercial
aviation, executive aviation, and defense and security segments. It also
provides after sales support and services to customers worldwide. For more
information, please visit www.embraer.com.br.

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 14 April 2015 at 20.30 (CET).