SAS AB - amalgamation of temporary ISIN (SAS BTA 1 DKK) with existing ISIN etc.


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|                                      |             Copenhagen, 16 April 2009 |
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SAS AB - amalgamation of temporary ISIN (SAS BTA 1 DKK) with existing ISIN,     
reduction of share capital by changing face value and admittance to trading and 
official listing of new shares (SAS BTA 2)                                      

The temporary ISIN - SE0002801209 (SAS BTA 1 DKK) - will be deleted from trading
and official listing on NASDAQ OMX Copenhagen A/S as per 20 April 2009.         
Consequently, SAS' nominal share capital and number of shares in the existing   
ISIN will be changed with effect from 20 April 2009, cf. below. The change is   
2,293,533,321 new shares which is the number of shares which were subscribed for
with subscription rights. The total offering of shares consisted of             
2,303,000,000 new shares.                                                       

Last day of trading in the temporary ISIN SE0002801209 (SAS BTA 1 DKK) will be  
17 April 2009.                                                                  

As per 20 April 2009 SAS' nominal share capital will be reduced by SEK          
1,233,750,000 by changing the face value of each share from SEK 10 SEK 2.50.    

9,466,679 new shares, which were subscribed for without subscription rights in  
the subscription period, have been admitted to trading and official listing on  
NASDAQ OMX Copenhagen A/S in a temporary ISIN (SAS BTA 2 DKK) as per 21 April   
2009. Last day of trading shares in BTA 2 is expected to be 1 May 2009.         


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| ISIN:                                  | SE0000805574                        |
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| Name:                                  | SAS                                 |
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| Volume before reduction and            | 164,500,000 shares of SEK 10        |
| amalgamation:                          | (SEK 1,645,000,000)                 |
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| Reduction:                             | SEK 1,233,750,000                   |
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| Volume after reduction and             | 164,500,000 shares of SEK 2.50      |
| amalgamation:                          | (SEK 411,250,000)                   |
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| Change due to amalgamation of ISIN     | 2,293,533,321 shares of SEK 2.50    |
| codes:                                 | (SEK 5,733,833,302.50)              |
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| Volume after changes:                  | 2,458,033,321 shares of SEK 2.50    |
|                                        | (SEK 6,145,083,302.50)              |
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| New face value:                        | SEK 2.50                            |
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| Orderbook ID:                          | 13.584                              |
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| Orderbook Code:                        | SAS DKK                             |
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BTA 2                                                                           
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| ISIN                                  | SE0002801217                         |
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| Name:                                 | SAS BTA 2 DKK                        |
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| Volume:                               | 9,466,679 shares (SEK 23.666.697,50) |
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| Subscription price:                   | SEK 2.63                             |
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| Face value:                           | SEK 2.50                             |
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| Expected listing period for SAS BTA 2 | 21 April - 1 May 2009                |
| DKK (both days included):             |                                      |
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| Orderbook ID:                         | 65.537                               |
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| Orderbook Code:                       | SAS BTA 2 DKK                        |
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For further information, please see the prospectus and announcements published  
by the company.                                                                 

For further information, please contact: Asta Jepsen, Surveillance, tel. +45 33 
93 33 66

Attachments

sas - sammenlgning - bta2 mv - uk.pdf