SAS issues MSEK 1,500 unsecured bond

The SAS Group’s parent company, SAS AB, issues an unsecured senior bond on the
Nordic capital markets. The bond amounts to MSEK 1,500, pays a fixed coupon of
9.00% and has a tenor of approximately 4 years with a final maturity in November
2017.

The bond was significantly over subscribed. SAS intends to list the bond at
NASDAQ OMX Stockholm.

“We are pleased with having placed SEK 1.5 billion in a bond. This is a further
confirmation of the markets increased trust in SAS and our restructuring program
4Excellence Next Generation, that we are implementing at the moment. The bond
will be used to refinance outstanding bonds,” says Göran Jansson, Deputy
President and CFO for the SAS Group.

Nordea Bank and Danske Bank acted as joint bookrunners for the transaction.