Saab to Acquire Medav

Defence and security company Saab AB has acquired 100 percent of the German
company Medav, specialised in the application of signal processing, pattern
recognition and information technology, for approximately MEUR 27 (about MSEK
229). The acquisition strengthens Saab’s product portfolio within radio
monitoring and intelligence fusion systems.
Medav is a leading provider of signal, electronic and communication
intelligence. The acquisition advances Saab’s position in radio monitoring and
intelligence fusion systems and strengthens the market presence globally as well
as in Europe. The acquisition provides a growth platform from which Saab can
build on the combined installed base and skills in systems engineering, design
and integration. Medav customers and partners will benefit from Saab’s overall
product portfolio and global support operations.

Medav will continue operations in Germany as a fully owned subsidiary within the
Saab Group.

The consideration amounts to approximately MEUR 27 (about MSEK 229). In
addition, the parties have agreed on a potential earn out payment of maximum
MEUR 7 (about MSEK 59.5). Saab will use existing funds to finance the
acquisition.

"This acquisition strengthens our position within the strategically important
field of radio monitoring and intelligence fusion systems. Medav has
complementing product lines and is well-positioned on several key markets. By
combining our product portfolios, we gain a stronger position and broaden our
market offering," says Håkan Buskhe, President and CEO, Saab AB.

“Saab and Medav have a combined offering which makes us strong on the market for
advanced signal, electronic and communication intelligence. The combined
engineering skills of our two companies make us highly competitive on an ever
more challenging international market,” says Dr Hans-Joachim Kolb, CEO and
Founder, Medav GmbH.

Medav has a 30-year history in digital signal processing technology in products
and systems. The workforce of approximately 75 highly qualified employees
services a global base of more than 50 customers located in more than 15
countries in Asia, the Middle East, Europe and South America. The company’s
estimated revenue is about MEUR 21.9 (about MSEK 186) for the fiscal year ending
December 2012.

The transaction is pending approval from, among others, competition authorities
in Germany and closing is expected in the fourth quarter of 2012.

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:

Investor Relations, Ann-Sofi Jönsson, +46 (0) 734 187 214, ann
-sofi.jonsson@saabgroup.com

Saab Press Centre, +46 (0)734 180 018, presscentre@saabgroup.com

www.saabgroup.com

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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 October 26 at 07.30 (CET).