Saab enters long-term collaboration in Norway

Saab enters long-term collaboration in Norway

After an invitation from the Norwegian government and Norwegian industry, Saab
has decided to go in as a shareholder (7.5 percent) in the newly created holding
company Aker Holding AS. Saab's investment amounts to NOK 1.2 Billion. With a
holding of 40.1 percent, Aker Holding AS is the majority shareholder in the
industrial group Aker Kvaerner ASA.

“We are delighted to be able to take an active role in a wider collaboration
between Norwegian and Swedish industry. It is our ambition to develop more
collaboration in Norway within areas of industry where Saab has expertise”, says
Saab's CEO Åke Svensson.

The agreement creates additional business opportunities for Saab, but also
between Sweden and Norway. Aker Kvaerner ASA is a leading global provider of
engineering and construction services, technology products and integrated
solutions to the oil and gas industry. In combination with Saab's competence
within civil security, underwater technology and advanced command and control
systems there is a significant potential for expertise and experience exchange
with new business opportunities as a result.

”At the same time as we secure a Norwegian connection with this important
company, we also see advantages in developing an owner relationship between
Norwegian industry and one of Sweden's most competent owner constellations with
the richest traditions. This can create good grounds for further collaborations
between Norwegian and Swedish industry in the years ahead”, says the Norwegian
Industry and Trade Minister, Dag Terje Andersen. 

Saab's investment amounts to approx. NOK 1.2 billion, of which 80 percent is
financed via SEB. At the same time Saab's majority shareholder, Investor AB,
will become owner of 2.5 percent of Aker Holding AS. Investor's investment has a
corresponding financial arrangement. Saab and Investor's risk in the
loan-financed part has been reduced by agreement, which secures that part of the
invested capital but limits potential return. The remainder of Aker Holdings AS
will be owned by Aker ASA (60 percent) as well as the Norwegian state (30
percent). 

The shareholders in Aker Holding AS have entered into an agreement that
regulates the relation between the shareholders for a period of 10 years.
Investor and Saab have, however, the right to sell off their part of the
investment beforehand during certain specified times within that time. 
The deal is dependent on a decision by the Norwegian Parliament (Stortinget). A
decision on the matter is expected during Autumn 2007. 



For further information, please contact:
Peter Sandehed, Saab's Finance Manager, Tel: +46 (0)13-18 21 12, +46 (0)734-18
21 12
Peter Larsson, Saab's Press officer Tel: +46 (0)8-463 00 18, +46 (0)734-18 00 18

www.saabgroup.com
www.akerasa.com 
www.akerkvaerner.com 



Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has operations
and employees on all continents and constantly develops, adopts and improves new
technology to meet customers' changing needs.

Aker Kværner ASA is through its subsidiaries and affiliates 'Aker Kvaerner' a
leading global provider of engineering and construction services, technology
products and integrated solutions.