SAS year-end report for 1998 approved

SAS year-end report for 1998 approved Information from the SAS Assembly of Representatives and meetings of the Boards of the SAS parent companies: The SAS Consortium's year-end report for the 1998 fiscal year and the proposed disposition of earnings, which were presented at the SAS Board meeting held on February 18, 1999, were today approved by the SAS Assembly of Representatives. No changes were made to the three parent companies' preliminary year-end reports for 1998, which were presented on February 18, 1999. [REMOVED GRAPHICS] [REMOVED GRAPHICS]SAS 1998 Annual Report The full 1998 Annual Report including the SAS Group and SAS Parent Companies are available on the internet, http://www.sas.se/investor and printed version will be distributed during March. In the 1998 Annual Report, SAS Chairman of the Board expresses the following: The ever- increasing competition in an airline industry that is globally more deregulated makes it important to be able to attract risk capital on competitive terms. It is necessary to intensify efforts to create a corporate structure in which the three SAS shares are brought together into one listed share. This would create a size of the company as an investment object and a level of liquidity that better meets the requirements normally set by international investors. In this context, better conditions would also be created for an effective pricing of the SAS share. At the same time it is necessary to initiate the question of state ownership in light of the continued development of deregulation in the airline industry." SAS INVESTOR RELATIONS ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/31/20030731BIT00190/wkr0001.doc http://www.waymaker.net/bitonline/2003/07/31/20030731BIT00190/wkr0002.pdf