Collective agreements finalized with all cabin unions

Collective agreements finalized with all cabin unions SAS has reached agreement with the Norwegian cabin unions regarding collective agreements for 2003 and has thereby reached agreement with all cabin unions in Scandinavia. The agreements, which are a requirement for the complete implementation of Plan C, include the possibility of increasing productivity by about 40 percent, from 530 block hours to 750 block hours per cabin employee, as well as a wage freeze during 2003. The rules regarding 3-2-2 crewing on Scandinavian Airlines' intercontinental routes will cease to apply from March 1, 2004. A successive transition solution will be employed, meaning that Scandinavian Airlines will man its intercontinental routes on the basis of needs and prevailing production conditions. "I am satisfied that, after long and often intensive negotiations, we now have collective agreements with all of the cabin unions. The fact that we have now finalized all of the agreements means that the cabin employees will contribute to the necessary cost reductions within Scandinavian Airlines," says Sören Belin, Executive Vice President & COO Scandinavian Airlines. For further information, contact: Sören Belin, Executive Vice President & COO Scandinavian Airlines, +46 8 797 5004 or +46 705 97 50 24 SAS GROUP CORPORATE COMMUNICATIONS ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/09/18/20030918BIT00630/wkr0001.doc http://www.waymaker.net/bitonline/2003/09/18/20030918BIT00630/wkr0002.pdf