SAS AB (publ) (the "Company") announces that the last day of trading in its
existing common shares on Nasdaq Stockholm, Nasdaq Copenhagen and Oslo Børs (the
"Exchanges"), and the last day of trading in its listed commercial hybrid bonds
on Nasdaq Stockholm, will occur tomorrow, August 13, 2024. Accordingly, the
Company also confirms that the distribution record date for holders of the
Company's listed commercial hybrid bonds under the plan of reorganization (the
"Reorganization Plan") in the Company's company reorganization proceeding in
Sweden (Sw. företagsrekonstruktion) is August 15, 2024, as previously announced.

On July 19, 2024, the Company announced that the Reorganization Plan had been
approved by the Stockholm District Court, and that the Company had applied for
the delisting of its existing common shares from the Exchanges and for the
delisting of its commercial hybrid bonds from Nasdaq Stockholm, conditional upon
the decision to approve the Reorganization Plan entering into legal force. It
was confirmed today that the decision entered into legal force upon expiry of
the appeal period on August 9, 2024, and the Exchanges have consequently
communicated that the last day of trading of the existing common shares and
commercial hybrid bonds will occur on August 13, 2024. This also means that, as
of today, it will no longer be possible to carry out conversions of the common
shares between the securities depositary systems in Denmark, Norway and Sweden.

On August 6, 2024, the Company announced that it had agreed with Intertrust
(Sweden) AB, in its capacity as agent under the Company's listed commercial
hybrid bonds, that the record date on which holders of the commercial hybrid
bonds must be holders of such bonds to be entitled to receive distributions
under the Reorganization Plan shall occur two business days after the last day
of trading of the bonds on Nasdaq Stockholm. Against the above background, the
Company confirms that the record date will occur on August 15, 2024, as
previously announced. After the record date, the instrument will be blocked for
settlement in Euroclear Sweden's system, meaning that it will not be possible to
transfer ownership of commercial hybrid bonds after such date.

The registration of the changes to the Company's capital structure with the
Swedish Companies Registration Office (Sw. Bolagsverket) resolved as part of the
Reorganization Plan, and consequently the cancellation of the existing common
shares from the shareholders' registers maintained by Euroclear Sweden, Euronext
Securities Copenhagen and Euroclear Securities Oslo, as well as the redemption
and cancellation of the commercial hybrid bonds, will be effected following
emergence from the restructuring proceedings.

SAS currently expects to emerge from its restructuring proceedings around the
end of August 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 since 1946, operates from its principal hub
at Copenhagen Airport (CPH), complemented by hubs in Oslo (OSL) and Stockholm
(ARN). Our mission is to connect Scandinavia with the world and the world with
Scandinavia. Each year, SAS serves more than 25 million passengers and
transports 55 tons of cargo to 135 destinations across Europe, the USA, and
Asia. With a passionate workforce of over 10,000 colleagues, we collaborate with
partners and customers to drive transformative changes in aviation. We are
committed to achieving net-zero emissions by 2050, embodying the visionary
spirit of our founders: "To move from the old to what is about to come, is the
only tradition worth keeping". Innovation and societal progress are at the heart
of everything we do. For more information, visit our website at www.flysas.com
or follow us on social media for the latest updates and promotions.