SAS Group: Interim Report November 2013-July 2014

More passengers choose SAS in a challenging market
May-July 2014
Comparative figures for the corresponding year-earlier period include Widerøe.

· Revenue: MSEK 10,697 (11,593) · Unit revenue (PASK) declined 7.1 % · Unit cost (CASK) decreased 5.6 %¹ · EBIT margin: 8.7 % (12.1 %) · Income before tax: MSEK 756 (1,176) · Net income for the period: MSEK 496 (886) · Earnings per common share: SEK 1.24 (2.69) · The outlook for the full year 2013/2014 stands firm, see page 7

November 2013-July 2014
Comparative figures for the corresponding year-earlier period include Widerøe.

· Revenue: MSEK 27,040 (31,123) · Unit revenue (PASK) declined 7.9 % · Unit cost (CASK) decreased 4.9 %² · EBIT margin: 1.5 % (2.5 %) · Income before tax: MSEK -468 (80) · Net income for the period: MSEK -416 (-107) · Earnings per common share: SEK -1.83 (-0.33)

¹ Currency adjusted and excluding jet fuel.
² Currency adjusted, excluding jet fuel and amended pension terms totaling
MSEK 450 in the Feb-Apr 2013 period.

SAS discloses this information pursuant to the Swedish Securities Market Act
and/or the Swedish Financial Instruments Trading Act. The information was
provided for publication on September 10, 2014, at 8:00 a.m.