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SAS AB (publ) adjusts conversion price on SEK 1.60 billion convertible bonds due 2015

April 9, 2010 08:00

SAS AB (publ) (“SAS” or the “Company”) today announces that it has adjusted the conversion price on its SEK1.60 billion of convertible bonds due 2015 with an annual coupon of 7.5 per cent (the “Bonds”). The adjustment was undertaken based on Section 6 (b) (iv) of the Terms and Conditions of the Bonds due to the SEK4,959,675,000 rights issue approved by the Annual General Meeting of the Company on 7 April 2010.

Following the adjustment, the Bonds will carry a conversion price of SEK1.55. Besides the conversion price, all other terms of the Bonds remain unchanged.

This announcement does not constitute or form part of an offer to sell or the solicitation of an offer to subscribe for any securities of SAS.

For further information, please contact
Sture Stølen, 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 9 April 2010, at 08.00 CET.

This document is not being distributed to persons in any state or jurisdiction where the offer or sale of the securities is not permitted.

These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer of the securities does not intend to register any part of the offering in the United States or to conduct a public offering of the securities in the United States.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

This document is an advertisement and is not a prospectus for the purposes of Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the “Prospectus Directive”).

In any EEA Member State that has implemented the Prospective Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.

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