Extraordinary Meeting held in SAS Danmark A/S

Extraordinary Meeting held in SAS Danmark A/S At the extraordinary general meeting held in SAS Danmark A/S today all the proposals submitted by the Board of Directors, cf. the already published notice of general meeting, agenda and complete proposals, were adopted. Accordingly, it was resolved to amend the Articles of Association to enable SAS AB to carry out a compulsory redemption in accordance with the provisions to that effect in the Articles of Association at a price of DKK 73 per share of a nominal value of DKK 10 paid in cash, and it was resolved to make the proposed changes to the Articles of Association prompted by changes to the Consortium Agreement. Also, it was resolved to seek to delist SAS Danmark A/S from the Copenhagen Stock Exchange. As new members of the Board of Directors were elected: economist, Mr Harald Norvik, Norway; doctor of technical sciences, Mr Bo Berggren, Sweden; attorney to the Supreme Court, Mr Bjørn Eidem, Norway; and general manager, Mr Urban Jansson, Sweden. Former minister, Mr Bjørn Westh and managing director, Mr Anders Knutsen have retired as members of the Board of Directors. In accordance with Article 3.5 of the Articles of Association SAS AB demands redemption of the shares in the company held by the remaining shareholders of the company, which demand will be made by insertion of the attached advertisement in the Danish Official Gazette and in the daily newspapers Berlingske Tidende and Jyllands-Posten on 25 August 2001. The demand and the acceptance form will be sent to all shareholders recorded in the Company's register of shareholders. The redemption price is DKK 73 per share of a nominal value of DKK 10 in the company as determined in Article 3.5 of the Articles of Association. Payment will be made in cash on 13 September 2001. The deadline for transferring shares is 10 September 2001 at which date the remaining shareholders of the company through their bank must have transferred their shares to SAS AB by completing the acceptance form that can also be obtained from Nordea Securities, phone no. +45 33 33 50 92. Ordinary brokerage and selling costs incurred in connection with the compulsory redemption will be paid by SAS AB. If by the latest 10 September 2001 any shareholders have not transferred their shares to SAS AB, compulsory redemption on the above terms will be made through the Danish Securities Centre, possibly against deposit pursuant to the act on debtors' right of discharge by deposit. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/01/20030801BIT00150/wkr0001.doc http://www.waymaker.net/bitonline/2003/08/01/20030801BIT00150/wkr0002.pdf