SAS group completes sale of office properties in Copenhagen


SAS group completes sale of office properties in Copenhagen The SAS Group has in connection with the latest quarterly result informed about a program of release of capital including office properties. The SAS Group has signed an agreement with the Danish company Keops to sell five office properties in Copenhagen. The transaction will release capital of approximately MSEK 1 000 and will reduce net debt by a similar amount. The transaction will provide a gain on sales in excess of MSEK 500. The SAS Group has also signed a lease agreement of between 10 an 15 years and will also in the future use the properties involved. The costs for the leaseback are neutral compared with depreciations and interest cost of today. The transaction is also part of the SAS Group's focus on core business and enhances flexibility for the SAS Group's future need for office properties. The transaction is pending full completion of all conditions in the agreement and relevant government approvals. For further information Gunilla Berg, Executive Vice President & CFO, +46 8 797 1266 Johan Törngren, Vice President SAS Group Finance & Asset Mgt. +46 8 797 1707 Sture Stølen, Head of SAS Group Investor Relations, +46 8 797 1451 SAS GROUP INVESTOR RELATIONS ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/09/29/20030929BIT00060/wkr0001.doc http://www.waymaker.net/bitonline/2003/09/29/20030929BIT00060/wkr0002.pdf

About Us

SAS is Scandinavia's largest airline group. Scandinavian Airlines flies to more than 100 destinations within Scandinavia, Europe, North America and Asia. Scandinavian Airlines is a member and one of the founders of the world's largest global airline alliance – Star Alliance. Together with the 27 members of Star Alliance, SAS flies to more than 1300 destinations in 195 countries worldwide. For more information: www.flysas.com