SAS contemplates issuance of SEK bonds

SAS AB (publ), rated B1 (stable) by Moody's and B+ (stable) by S&P, has mandated
Danske Bank and Nordea as Global Coordinators together with SEB and Swedbank as
Joint Bookrunners to arrange a series of fixed income investor meetings
commencing on 15 November 2017.

A SEK 5 year benchmark senior unsecured bond will follow, subject to market
conditions. The proceeds from the contemplated bond issue will be used for
refinancing of outstanding financial indebtedness and general corporate
purposes.

SAS Investor Relations