Offer to the Shareholders of SAS Danmark, SAS Norge and SAS Sverige completed

Offer to the Shareholders of SAS Danmark, SAS Norge and SAS Sverige completed The final acceptance day to accept the extended offers to the shareholder's of SAS Sverige and the mandatory offers to the shareholders of SAS Danmark A/S and SAS Norge ASA was August 17. The offers in Denmark and Sweden enabled the shareholders to swap their holdings in the respective company to newly issued shares in SAS AB. The mandatory offer in Norway enabled the shareholders to submit their shares in exchange for NOK 85,50 per share in cash consideration. SAS Danmark A/S Shareholders of SAS Danmark A/S with shares representing 97,8 percent of the total number of shares in SAS Danmark A/S have accepted the offer. As a result SAS AB is now the owner of a total of 45.951.092 shares in SAS Danmark A/S. Shareholders accepting the mandatory offer will receive BTA's/ Interim shares that will be transferred to the shareholders register accounts as from August 24, 2001. Trading in BTAs will take place on the Copenhagen Stock Exchange as from August 24, 2001 and ordinary shares will exchange the BTAs at the end of August 2001. SAS Norge ASA Shareholders in SAS Norge ASA with shares representing 99,1 percent of the total number of shares have accepted the offer. As a result SAS AB now is the owner of a total of 46.595.536 shares in SAS Norge ASA. The cash settlement date for the shares acquired as part of the mandatory offer is expected to be August 28, 2001 SAS Sverige AB Shareholders of SAS Sverige AB with shares representing 99,9 percent of the total number of shares in SAS Sverige AB have accepted the offer. As a result SAS AB is now the owner of a total of 70.418.625 shares in SAS Sverige AB. Consideration in the form of a BTA/Interim share is expected to be available on shareholders register accounts around August 24, 2001. The BTAs will be exchanged for ordinary shares at the end of August 2001. Trading in the BTA's will not take place. Decision on share issue from SAS AB's Board of Directors Based on the decision by SAS ABs extraordinary shareholder's meeting on May 8, 2001 the SAS AB Board of Directors decided on August 22, - to increase the share capital through a new share issue of a total of 6.494.001 shares. The total number of shares in SAS AB after the share issue will amount to 161.816.396 shares. The remaining shares not accepted in the offers will be subject to compulsory redemptions. For further information: Gunnar Reitan, Executive VP and CFO +46 8 797 2844 Benny Zakrisson, Vice President, Corporate Advisory +46 8 797 4397 Sture Stølen, Investor Relations +46 8 797 1451 Nordea Securities in Stockholm +46 8 407 9000 Nordea Securities in Copenhagen +45 3333 6146 Nordea Securities in Oslo +47 22 48 6925 Frösundavik, Augusti 22, 2001 SAS AB ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/23/20010823BIT00240/bit0002.doc http://www.waymaker.net/bitonline/2001/08/23/20010823BIT00240/bit0002.pdf