SAS signs an agreement to sell and phase out all MD-80 aircraft

SAS continues to renew its aircraft fleet and has signed an agreement to sell
four MD-82/87 aircraft. The purchaser also has an option on a further 19 MD-82s
and 10 spare engines from SAS. Assuming that the option is exercised, this will
complete the phase-out of the SAS MD-80 aircraft fleet, which was one of the
largest in the world in the mid-1990s, with over 70 aircraft in use.

The first MD-80 aircraft in this sale was delivered onSeptember 11, 2012, and
the remaining three aircraft will be delivered during Q4 2012. The aircraft and
the engines covered by the option will be delivered, if the option is exercised,
on a gradual basis from Q1 2013 to Q1 2015.