Insider trading in SAS Group

Nicolas E Fischer, First Deputy Employee representative of the board, has on March 23 disposed 372000 subscription rights in SAS AB shares to an average price of DKK 0,22 corresponding to a value of approximately DKK 81840. He has at the same date utilized his remaining 48400 subscription rights in SAS AB to an average price of SEK 2,63 corresponding to a value of SEK 127292. His total holding of shares in SAS AB amounts after the transactions to 78400.

Nielsen Carsten Bardrup, Employee representative of the board, has on April 1 utilized his 20734 subscription rights in SAS AB to an average price of SEK 2,63 corresponding to a value of SEK 54530. His total holding of shares in SAS AB amounts after the transactions to 22215.

Robin Kamark, Senior Vice President, has on April 1 utilized his 182000 subscription rights in SAS AB to an average price of SEK 2,63 corresponding to a value of SEK 478660. His total holding of shares in SAS AB amounts after the transactions to 195000.

Peter Toft Berg, Vice President, has on April 1 utilized his 5054 subscription rights in SAS AB to an average price of SEK 2,63 corresponding to a value of SEK 13292 . His total holding of shares in SAS AB amounts after the transactions to 5415.

Johan Törngren, Senior Vice President, has on April 1 utilized his 29400 subscription rights in SAS AB to an average price of SEK 2,63 corresponding to a value of SEK 77322. His total holding of shares in SAS AB amounts after the transactions to 31500.

For further information, please contact
Sture Stölen, Head of SAS Group Investor Relations, +46 70 997 1451

SAS discloses this information pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was provided for publication on April 2, 2009, at 07.00 am CET