Principal shareholders in SAS AB on 31 March 2012.

Shareholder	Total	Acc.
The Swedish government	21.4%	21.4%
The Danish government	14.3%	35.7%
The Norwegian government	14.3%	50.0%
Knut and  Alice Wallenberg's foundation	7.6%	57.6%
Försäkringsaktiebolaget, Avanza Pension	1.5%	59.1%
A.H Värdepapper AB	1.4%	60.5%
Unionen	1.4%	61.9%
Denmark's National Bank	1.4%	63.3%
Robur Försäkring	0.9%	64.2%
Ponderus Försäkring	0.8%	65.0%
Andra AP-fonden	0.5%	65.5%
Tredje AP-fonden	0.5%	66.0%
SSB+TC Ledning Omnibus FD No OM79	0.5%	66.5%
Nordnet Pensionsförsäkring AB	0.4%	66.9%
Swedbank Robur Sverigefond	0.4%	67.3%
Swedbank Robur Sverigefond Mega	0.3%	67.6%
JPM Chase NA	0.3%	67.9%
AMF Aktiefond Småbolag	0.3%	68.2%
JP Morgan Bank	0.3%	68.5%
KPA Pensionsförsäkring AB	0.2%	68.7%
Nomura International	0.2%	68.9%

The number of shareholders in SAS AB amounted to 66 917 on 31 December 2011. 

Shareholders are presented as they appear in the shareholder register. The list does therefore not include institutions/banks with multiple holdings in SAS AB controlling a larger share than presented in the list above.

Under Danish law disclosure of Danish registered shareholders is permitted only when the stake exceeds 5%.