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SAS AB – Notice of written procedure for capital securities

8 February 2024

To Holders of the SEK 1,615,000,000 unsubordinated perpetual floating rate callable capital securities with ISIN SE0014957999 (the “Hybrid Instrument”) issued by SAS AB (publ) (“SAS” or the “Issuer”) on 23 October 2020.

At the request of Holders representing at least ten (10) per cent. of the Adjusted Nominal Amount, the Agent, acting in its capacity as agent for the Holders under the Terms and Conditions, hereby initiates a written procedure (the “Written Procedure”), in which the Holders can vote for or against the Request and/or Waiver.

Record Date for being eligible to vote: 15 February 2024
Deadline for voting: 15.00 p.m. (Stockholm) on 27 February 2024

SAS – Notice of Written Procedure

SAS AB – Information to Holders about written procedure

The Ad Hoc Committee is looking to add more members to its group. Should any Holder, not currently a member of the Ad Hoc Committee, like to join the Ad Hoc Committee, please reach out separately to the Agent at the email address below.

Intertrust (Sweden) as Agent

trustee@intertrustgroup.com

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