SAS AB (publ) – Proposal approved by noteholders

Stockholm, 7 February 2014

Holders of SAS AB’s (publ) (the “Issuer”) senior unsecured notes 2013/2017 with ISIN SE0005423597 (the “Notes”) have approved the Issuer’s proposal to amend the terms and conditions of the Notes.

CorpNordic Sweden AB (the “Agent”), acting in its capacity as Agent for the noteholders under the terms and conditions of the Notes, initiated on 16 January 2014 a written procedure in which the noteholders could approve or reject a request made by the Issuer. The request involved 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.

The written procedure was closed at 17.00 on 6 February 2014. Noteholders representing 51% of the total outstanding nominal amount participated in the procedure and 95% of the nominal amount for which noteholders voted in the procedure approved the Issuer’s request. This means that the request was adopted.

The amendments have taken effect on 6 February 2014. A consolidated version of the terms and conditions of the Notes including the amendments can be downloaded from the Agent’s web page (www.corpnordic.com).

A formal notice of the outcome in 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.

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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