SAS AB (publ) (the "Company") announces that the plan hearing in the Company's
ongoing company reorganization proceeding (Sw. företagsrekonstruktion) in Sweden
will take place at 1:00 p.m. CEST on Friday July 12, 2024.

On June 10, 2024, the Company announced the plan of reorganization in its
company reorganization proceeding in Sweden (the "Reorganization Plan"). On June
11, 2024, the Company requested that the Stockholm District Court decide to open
plan proceedings. The Stockholm District Court has today decided that the plan
hearing, during which affected parties will have the opportunity to vote on the
Reorganization Plan, will take place at 1:00 p.m. CEST on Friday July 12, 2024.

All affected parties in the company reorganization proceeding (including
creditors and holders of the Company's common shares) may participate in the
plan hearing and vote on the Reorganization Plan. Affected parties that wish to
be represented by proxy, or to grant power of attorney to the administrator to
vote in favor of the Reorganization Plan, must issue a dated written power of
attorney to such proxy or the administrator (as applicable). Proxy forms are
available on the Company's website, www.sasgroup.net/transformation.

Affected parties that wish to attend the plan hearing are encouraged to notify
the Company of their attendance in advance by e-mail to
louise.sjodahl@ackordscentralen.se to ensure that there is sufficient space in
the courtroom.

Instructions for holders of commons shares who wish to participate in the plan
hearing

Holders of the Company's common shares who wish to participate in the plan
hearing in person or by proxy must be listed as a shareholder in the
presentation of the share register prepared by Euroclear Sweden AB concerning
the circumstances on Thursday July 4, 2024. Shareholders represented by proxy
must also issue a dated written proxy for their representative, and bring the
original proxy to the plan hearing.

To be entitled to participate in the plan hearing, a shareholder whose shares
are registered in the name of a nominee must register its shares in its own name
so that the shareholder is listed in the presentation of the share register as
of the record date, July 4, 2024. Such registration may be temporary (so-called
voting right registration), and a request for such voting right registration
shall be made to the nominee, in accordance with the nominee's routines, at such
a time prior to the record date as decided by the nominee. Voting right
registrations that have been made by the nominee no later than Monday July 8,
2024 will be taken into account in the presentation of the share register.

Any shareholder whose common shares are registered with Euronext Securities
Copenhagen in Denmark must request that Euronext Investor Services temporarily
register the common shares in the shareholder's own name with Euroclear Sweden
AB to be entitled to participate in the plan hearing. A request for such voting
right registration must be received by Euronext Securities Copenhagen no later
than 3:00 p.m. CEST on Friday July 5, 2024, and can be submitted by sending a
completed and signed registration form by regular mail to Euronext Securities
Copenhagen, Nicolai Eigtveds Gade 8, DK-1402 Copenhagen, Denmark, or by email to
CPH-investor@euronext.com, or through Euronext InvestorPortalen. The
registration form and a link to Euronext InvestorPortalen are available on the
Company's website, www.sasgroup.net/transformation.

Any shareholder whose common shares are registered with Euronext Securities Oslo
in Norway must request that Nordea Norway temporarily register the common shares
in the shareholder's own name with Euroclear Sweden AB to be entitled to
participate in the plan hearing. A request for such voting right registration
must be received by Nordea Bank Abp, filial i Norge, Securities Services -
Issuer Services no later than 3:00 p.m. CEST on Friday June 28, 2024, and can be
submitted by sending a completed and signed registration form by regular mail to
P.O. Box 1166 Sentrum, NO-0107 Oslo, Norway or by email to nis@nordea.com. The
registration form is available on the Company's website,
www.sasgroup.net/transformation.

Information on record date for listed commercial hybrid bonds

For practical reasons, the number of eligible voters in the group where the
holders of the Company's listed commercial hybrid bonds are included will, in
accordance with the Reorganization Plan, be determined based on the conditions
prevailing on the record date, Friday July 5, 2024.

Information regarding SAS' U.S. chapter 11 cases and SAS AB's company
reorganization in Sweden

Additional information regarding SAS' voluntary chapter 11 cases in the U.S. and
SAS AB's company reorganization in Sweden is available on SAS' dedicated
restructuring website, https://sasgroup.net/transformation. U.S. court filings
and other documents related to the chapter 11 cases in the U.S. are available on
a separate website administered by SAS' claims agent, Kroll Restructuring
Administration LLC, at https://cases.ra.kroll.com/SAS. Information is also
available by calling (844) 242-7491 (U.S./Canada) or +1 (347) 338-6450
(International), as well as by email at SASInfo@ra.kroll.com. Swedish court
filings related to SAS AB's company reorganization in Sweden can be requested
from the Stockholm District Court, and certain documentation is also provided by
the administrator on a separate website administered by Ackordscentralen (AC
-Gruppen AB), https://ackordscentralen.se/en/reorganisations/sas-ab/.

Advisors

Weil, Gotshal & Manges LLP is serving as global legal counsel and Mannheimer
Swartling Advokatbyrå AB is serving as Swedish legal counsel to SAS. Seabury
Securities LLC and Skandinaviska Enskilda Banken AB are serving as investment
bankers, and Seabury Securities LLC is also serving as restructuring advisor to
SAS.

For further information, please contact:
SAS press office, +46 8 797 29 44
Investor relations, +46 709 977 070

SAS, Scandinavia's leading airline, with main hubs in Copenhagen, Oslo and
Stockholm, flies to destinations in Europe, USA and Asia. Spurred by a
Scandinavian heritage and sustainability values, SAS aims to be the driving
force in sustainable aviation and in the transition toward net zero emissions.
We are continuously reducing our carbon emissions through using more sustainable
aviation fuel, investing in new fuel-efficient aircraft and technology
innovation together with partners - thereby contributing towards the industry
target of net zero CO2 emissions by 2050. In addition to flight operations, SAS
offers ground handling services, technical maintenance and air cargo services.
Learn more at https://www.sasgroup.net