SAS Group sells remaining shareholding in Rezidor to Carlson Companies

SAS Group sells remaining shareholding in Rezidor to Carlson Companies

SAS Group and US-based Carlson Hotels Worldwide ("Carlson Companies") have
signed an agreement whereby Carlson today acquired the 6.7% SAS shareholding in
Rezidor Hotel Group AB ("Rezidor"), in total 10 117 200 shares. The price paid
is based on the average close price traded in the period May 18 to May 24
equaling SEK 57.70 per share or a total of MSEK 584.

After the transaction Carlson will hold 41,7% in Rezidor and SAS AB will hold
0%. 


The 6.7% SAS holding is a residual stake following the successful IPO of Rezidor
in November 2006. As earlier communicated, SAS intended to sell the stake at
appropriate time following a customary 6 months lock up period.


The transaction will have a positive effect on net debt and cash of approx MSEK
580.

SAS Group gain on sale will be approximately MSEK 500.[1]


The transaction closed on May 25, 2007.


For further information
Sture Stølen, Head of Investor Relations, +46 8 797 1451


SAS GROUP INVESTOR RELATIONS


[1] The net effect on equity is 0 as this is earlier accounted for accounting to
IAS 39.