Sale of real estate in Radisson SAS Portman hotel London

Sale of real estate in Radisson SAS Portman hotel London SAS International Hotels (SIH) has through its subsidiary SAS Portman (Holdings) Limited sold all shares in London Portman Hotel Limited, the company which holds the real estate and operation of Radisson SAS Portman Hotel in London. [REMOVED GRAPHICS] The sale is in line with SIH´s strategy to reduce its capital invested in real estate and focus primarily on hotel management and franchising. This is the second sale of real estate, which SIH has undertaken this year. In March the real estate in Radisson SAS Hotel, Amsterdam was sold. [REMOVED GRAPHICS] SIH will continue to operate Radisson SAS Portman hotel through a long- term management agreement. Under this agreement SIH has a limited capital commitment and will maintain a substantial share of the operational gearing. [REMOVED GRAPHICS] The gain from the sale amounts to approx. MSEK 130. The sale will have a positive net cash effect of approx. MSEK 780 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net

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