Information from the SAS Assembly of Representatives and meetings of the Boards

Information from the SAS Assembly of Representatives and meetings of the Boards The SAS Consortium's year-end report for the 1997 fiscal year and the proposed disposition of earnings, which were presented at the SAS Board meeting held on February 16, 1998, were today approved by the SAS Assembly of Representatives. No changes were made to the three parent companies' preliminary year-end reports for 1997, which were presented on February 16, 1998. [REMOVED GRAPHICS] [REMOVED GRAPHICS]Dividend policy The boards of SAS's parent companies intend to apply a coordinated dividend policy so that dividends per share for each SAS share are the same size when translated into one and the same currency. The yearly dividend is decided taking the SAS Group's earnings trend, financial position, capital requirement and relevant economic factors into account. In addition to the above general dividend policy, which can be found in the SAS Group's Annual Report for 1997, the boards of SAS's parent companies today decided to quantify the target for the dividend policy: The dividend policy target is that dividends over a business cycle shall amount to 30 to 40% of the SAS Group's income after deduction for standard tax. [REMOVED GRAPHICS] [REMOVED GRAPHICS]Annual Meetings of Shareholders Annual Meetings of Shareholders will be held as follows: [REMOVED GRAPHICS] SAS Danmark A/S on April 23, 1998, at 4 p.m. SAS Norge ASA on April 22, 1998, at 4 p.m. SAS Sverige AB on April 23, 1998, at 11 a.m. The Annual Report for 1997, covering the SAS Group and the SAS parent companies, will be distributed in mid-April 1998. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net