SAS transfers an additional landing and take-off right (”slot-pair”) at London Heathrow and generates a positive earnings impact of MUSD 22

SAS has entered into a slot transaction with Turkish Airlines that will take
over one afternoon slot-pair at London Heathrow from SAS at the beginning of the
winter traffic program on 25 October 2015.

The transaction will generate a positive earnings impact of MUSD 22 for SAS to
be accounted for during the second quarter with a corresponding cash effect
during calendar year 2015.
As part of creating balance between frequencies and capacity during the day and
following the disposition of a morning slot-pair earlier in February 2015, SAS
has entered into a second slot-pair transaction. Following this transaction, SAS
will have 19 daily slot-pairs at London Heathrow and will still be the fifth
largest airline operating at London Heathrow, measured in number of weekly
departures. After this transaction, SAS does not have any plans to reduce its
portfolio of slots.

SAS currently operates from London Heathrow to Copenhagen, Gothenburg, Oslo,
Stockholm and Stavanger. SAS will continue to offer a strong and comprehensive
network between Scandinavia and London Heathrow with the intention to keep the
seat capacity to/from London Heathrow unchanged through the use of larger
aircraft on remaining departures. As noted earlier in February 2015, SAS will
consider the use of other airports in the London-region.

SAS Investor Relations