Saab utilizes option in Aker Holding AS

Saab utilizes option in Aker Holding AS

Defence and security company Saab intends to utilize its option to
divest its shares in Aker Holding AS, which were acquired in 2007. The
divestment will be carried out on June 30th 2011 the latest.

On June 22, 2007, Saab announced that the company had decided to acquire
shares (7.5 per cent) in the newly created holding company Aker Holding
AS. The agreement included an option with the possibility to divest the
shares during 2011, which Saab now utilizes.

Saab's investment amounted to MNOK 1,205, where of MNOK 230 was paid
through own capital and the remaining part through a loan agreement. The
exercise of the put option will generate cash of approximately MNOK 350
to Saab and have a positive impact on the operating cash flow and net
liquidity by approximately MNOK 120. The transaction will have no impact
on the results.

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,
adapts and improves new technology to meet customers' changing needs.

For further information, please contact:

Saab's press centre, +46 (0)734 180 018, presscentre@saabgroup.com

Saab's Investor Relations, Ann-Sofi Jönsson, +46 (0)734 18 72 14

www.saabgroup.com (http://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 May 16 at 17.31.