SAS Cargo to be incorporated

SAS Cargo to be incorporated At the Board meeting held today in SAS, management was assigned the task, conditional upon completion of ongoing negotiating processes, to establish SAS's cargo operations as an independent limited liability company as of April 1, 2001. Concurrently, the Board gave management the mandate to initiate negotiations with Lufthansa regarding a minority interest in the cargo company and commercial cooperation. The intention is to create the best possible platform for continued competitiveness on the market, which is highly volume dependent. Through incorporating SAS Cargo, opportunities are created to offer Lufthansa a minority interest and, consequently, improve the company's future investment possibilities and at the same time broaden the customer base. For more information, please contact: Simen Revold, Director Public and Media Relations, SAS Norway, tlf. 64 81 63 10/95 71 63 10 SAS CORPORATE COMMUNICATIONS ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/08/20010308BIT01030/bit0002.doc http://www.bit.se/bitonline/2001/03/08/20010308BIT01030/bit0002.pdf