Gripen NG Contract With Brazil Becomes Effective

On 27 October 2014 Saab announced the conclusion of a contract with the
Brazilian Federal Government for the development and production of 36 Gripen NG
aircraft. The contract has now come into effect as all required conditions have
been fulfilled. Today, the order value of approximately SEK39.3 billion is
booked by Saab as order intake. Gripen NG deliveries to the Brazilian Air Force
will be undertaken from 2019 to 2024
The associated industrial co-operation contract (including technology transfer
to Brazilian industries), which was signed in October 2014, also comes into
effect today.

“Through the Gripen NG programme, we continue to build on the industrial
relations between Brazil and Sweden. I am confident that this important
programme will serve as a platform for new business and contribute to the growth
of both the Brazilian and Swedish industry,” says Marcus Wallenberg, Chairman of
Saab’s Board of Directors.

“This important milestone marks the formal start to the Brazilian Gripen NG
programme. We will now work full speed ahead to ensure timely deliveries of
Gripen NG to Brazil. Our partnership with Brazilian industry strengthens Saab’s
position in Latin America and supports our strategy for growth through
industrial co-operation,” says Håkan Buskhe, President and CEO of Saab.

The technology transfer programme will further contribute to the development of
an independent, advanced defence industrial base in Brazil. Brazilian engineers
and technicians will come to Saab for education and on-the job-training in
Sweden starting in October 2015.

“The acquisition of Gripen NG will provide benefits beyond the enlargement of
the Brazilian Air Force’s operational capacity. In addition to equipping FAB
with one of the world's most modern fighters, the participation in the
development of Gripen NG means a technological breakthrough for Brazilian
industry,” says Lieutenant-Brigadier Nivaldo Luiz Rossato, Commander of the
Brazilian Air Force.

Saab’s Gripen is a multi-role combat aircraft capable of undertaking the full
range of air-to-air and air-to-ground missions, including specialist roles such
as intelligence, surveillance, target acquisition and reconnaissance (ISTAR) and
electronic warfare. Gripen is equipped with the most modern sensors and mission
systems, including an active electronically scanned array (AESA) radar and infra
-red search and track (IRST) system. It can be armed with any air-launched
weapon that a customer requires, and integration of new capabilities is speedy
and affordable. Gripen is easily deployable, with a very low maintenance and
support footprint coupled with high reliability.

For further information, please contact:

Saab Press Centre,

+46 (0)734 180 018,

presscentre@saabgroup.com

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Saab serves the global market with world-leading products, services and
solutions within military defence and civil security. Saab has operations and
employees on all continents around the world. Through innovative, collaborative
and pragmatic thinking, Saab develops, adopts and improves new technology to
meet customers’ changing needs.

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 10 September 2015 at 01.00 (CET).