Change of record date for holders of SAS AB's commercial hybrid bonds

Change of record date for holders of SAS AB's commercial hybrid bonds

Issuer

SAS AB

On July 19, 2024, SAS AB (publ) (the "Company") announced via a press release
that the Stockholm District Court had confirmed the Company's plan of
reorganization (the "Reorganization Plan") in its company reorganization
proceeding in Sweden (Sw. företagsrekonstruktion). The press release included
information stating that holders of the Company's listed commercial hybrid bonds
must be holders of such bonds as of Friday, July 26, 2024 (the "Record Date") to
be entitled to receive distributions under the Reorganization Plan. For
practical reasons, the Company has agreed with Intertrust (Sweden AB), in its
capacity as agent under the commercial hybrid bonds, to postpone the Record Date
until further notice. The new record date for holders of commercial hybrid bonds
will be communicated separately at a later stage through a press release.

The postponement of the Record Date will not impact the overall timeline for
SAS' emergence from its restructuring proceedings.

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 [email protected]. 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 Ackordcentralen (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

SAS, Scandinavia's leading airline, with main hubs in Copenhagen, Oslo and
Stockholm, flies to destinations in Europe, USA and Asia. Spurred by a
Scandinavian heritage and sustainability values, SAS aims to be the driving
force in sustainable aviation and in the transition toward net zero emissions.
We are continuously reducing our carbon emissions through using more sustainable
aviation fuel, investing in new fuel-efficient aircraft and technology
innovation together with partners - thereby contributing towards the industry
target of net zero CO2 emissions by 2050. In addition to flight operations, SAS
offers ground handling services, technical maintenance and air cargo services.
Learn more at https://www.sasgroup.net

More information:
Access the news on Oslo Bors NewsWeb site

624120_Change_of_record_date_for_holders_of_SAS_ABs_commercial_hybrid_bonds.pdf