SAS reports final results for rights issue

Of the shares subscribed for without subscription rights, 9, 466,679 shares have been allocated to subscribers based on the principles described in the prospectus published on 17-Mar-09. Thus, the rights issue was oversubscribed by 24.2% and the underwriting commitments did not need to be utilised.

Through the rights issue SAS will receive proceeds of up to SEK 6,056,890,000 before transaction costs.

As a result of the rights issue the share capital is expected to be increased by SEK 5,757,500,000 to SEK 6,168,750,000 (after implementation of the share capital reduction resolved by the Extraordinary General Meeting on 13-Mar-09 in order to enable and facilitate the rights issue). The number of shares in the company is expected to be increased by 2,303,000,000 shares to 2,467,500,000 shares.

The final day for trading in the BTA 1 is expected to be 17-Apr-09. Trading in the new shares subscribed for with subscription rights on NASDAQ OMX Stockholm, NASDAQ OMX Copenhagen and Oslo Børs is expected to commence on 20-Apr-09. The first day of trading in the BTA 2 is expected to be 21-Apr-09 and the final day of trading in the BTA 2 is expected to be 30-Apr-09 on NASDAQ OMX Stockholm and 01-May-09 on NASDAQ OMX Copenhagen.

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

Other SAS News

• SAS: Additional cost savings initiatives of SEK 2.0 billion
• SAS Scandinavian Airlines offers special deal on Dubai flights
• SAS introduces mobile boarding passes
• Northern Asia becomes more accessible with SAS and Star Alliance
• Operations of SAS Ground Services Finland transferred to ISS Palvelut Oy
• SAS chooses Cybercom
• SAS to add 28 destinations in Greece
• SAS offers Star Alliance's Conventions Plus to international events in Scandinavia
• European Commission praises Scandinavian Airlines' websites
• Gate Gourmet becomes sole provider of catering Scandinavian Airlines