Extraordinary General Meeting in SAS AB approves rights issue of ordinary shares

The maximum increase in the share capital is SEK5,757,500,000 and the maximum number of new shares that may be issued is 2,303,000,000, as a result of which the rights issue is expected to raise proceeds of up to SEK6,056,890,000 before costs related to the rights issue.

In order to enable and facilitate the rights issue, the Extraordinary General Meeting also resolved to reduce the company's share capital by SEK1,233,750,000, without redemption of shares, whereby the quota value for each share will be reduced from SEK10 to SEK2.50. Furthermore, the general meeting resolved to amend the articles of association.

Further information about the rights issue and the detailed terms thereof can be found in the company's press release of 12-Mar-09 and in the prospectus and information brochure that is expected to be made public on 16-Mar-09.

The SAS share will trade exclusive of the right to participate in the rights offering from and including 16-Mar-09.

(c) Centre for Asia Pacific Aviation. Date posted: 16-Mar-09

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