Notice of written procedure for notes issued by SAS AB (publ)

(Stockholm, 16 January 2014) SAS AB (publ) (the “Issuer”) has requested that the holders of its senior unsecured notes 2013/2017 with ISIN SE0005423597 (the “Notes”) approve a proposal for amendment of the terms and conditions of the Notes to make an exemption for payment of dividends on preference shares from the general restriction regarding payment of dividends.

CorpNordic Sweden AB (the “Agent”), acting in its capacity as Agent for the noteholders under the terms and conditions of the Notes, has on request of the Issuer on 16 January 2014 initiated a written procedure in which the noteholders can approve or reject a request made by the Issuer. The request involves an amendment of Clause 11.2 of the terms and conditions of the Notes to make an exemption for payment of dividends on preference shares from the general restriction on payments of dividends.

Voting forms must be received by the Agent no later than 17.00 Central European Time (CET) on 6 February 2014.

To be eligible to participate in the written procedure a holder must fulfill the formal requirements of being a Noteholder (as defined in the terms and conditions of the Notes) on 23 January 2014.

The formal notice of the written procedure has been sent by ordinary mail to direct registered noteholders and registered authorised nominees in accordance with the terms and conditions of the notes.

A copy of the notice with more information on the written procedure and how to participate can be downloaded from the Agent’s webpage: www.corpnordic.com

For further information:

The Agent:

CorpNordic Sweden AB

Email: trustee@corpnordic.com;
Tel: +46 8 402 72 00

The Issuer:

Jan Torberger, Vice President & Head of Treasury

Email: jan.torberger@sas.se

Tel: +46 8 797 14 30

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