Saab signs extension contract with the British Army

Defence and security company Saab and the UK Ministry of Defence (MoD) has
signed a two year extension contract for the Deployable Tactical Engagement
Simulation training system (DTES) Managed Service, used by the British Army. The
order amounts to £ 11.7 million (approx. SEK 121 million), and was registered
during the first quarter of 2012.
Since August 2009, Saab has delivered a Managed Service to the British Army for
their combined training. It provides full technical and operational support to
Battle Groups exercising in the harsh environment of Kenya.

“We consider this
extended contract to be a symbol of the strong partnership between Saab and the
British Army, and a renewal of our commitment as a highly trusted overall
training provider to a first class military customer. The Saab team in Kenya is
well placed to continue to strengthen our position and we look forward to a long
and successful relationship with the British Army,” says Henrik Höjer, Managing
Director Training & Simulation at Saabs business area Security and Defence
Solutions.

During the last three years of the contract, Saab has supported
more than twenty exercises including one in which the entire system and its
associated personnel were deployed to the UK and Salisbury Plain to support
Mission Specific Training (MST).

In addition, Saab provides live simulation
for UK MoD training in Afghanistan, Canada, Germany and the UK mainland.

The
extended contract includes new and improved capabilities such as Medical
Treatment Simulation, improved After Action Review facilities and Engagement
Feedback Devices.

Earlier this year Saab was proud to receive a contract
extension from the UK MoD for the Collective Counter-IED Trainer (CCT), in order
to continue to provide the UK MoD with world class training for the detection of
improvised explosive devices. This training continues to save lives. This
contract was communicated on March 16.

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.

For further information, please contact:
Saab Press Centre,
+46 (0)734 180 018, presscentre@saabgroup.com

www.saabgroup.com

The
information is that which Saab AB is required to declare by the Securities
Business Act and/or the Financial instruments Trading Act. The information was
submitted for publication on April 12 at 10.00.