Update intended offer by Saab for HITT

This is an update press release by Saab AB and HITT N.V., pursuant to section 7
paragraph 1 of the Decree on Public Takeover Bids (Besluit Openbare Biedingen
Wft) and section 5:25i of the Dutch Financial Services Act (Wet op het
financieel toezicht) in connection with the intended public offer by Saab AB for
all the issued and outstanding ordinary shares in the capital of HITT N.V. This
announcement does not constitute an offer to sell or buy or the solicitation of
an offer to buy or sell any securities, nor shall there be any sale or purchase
of securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. This announcement is not for release, publication
or distribution, in whole or in part, in or into, directly or indirectly, the
United States of America, Australia, Canada or Japan.
With reference to the joint press release by Saab AB ("Saab") and HITT N.V.
("HITT") of June 7, 2012 regarding the intended public offer by Saab for all the
issued and outstanding ordinary shares in the capital of HITT (the "Offer") Saab
and HITT announce that the preparations for the Offer are well on track. The
advice of the HITT works council has been requested and the consultation process
is ongoing.

Saab announces that it expects to submit a request for approval of its offer
document to the Netherlands Authority for the Financial Markets ("AFM") before
mid July. It is currently expected that the Offer can be launched early/mid
August 2012, subject to approval of the AFM and fulfilment or waiver of the
other pre-offer conditions.

Further announcements will be made as appropriate.

This is an announcement as referred to in section 7, paragraph 1 (sub a) of the
Decree on Public Takeover Offers (Besluit openbare biedingen Wft).

Further information

The information in this press release is not intended to be complete and for
further information explicit reference is made to the offer memorandum, which is
still expected to be published early August 2012. The offer memorandum will
contain details of the Offer. The HITT shareholders are advised to review the
offer memorandum in detail and to seek independent advice where appropriate in
order to reach a reasoned judgment in respect of the content of the offer
memorandum and the Offer itself.

For more information

Saab            HITT
Saab’s Press    Sjoerd Jansen (CEO) Tel: +31 (55) 543
CentreTel: +46  25 90E-mail:
(0)734 180 018  investor.relations@hitt.nl
Investor
Relations, Ann
-Sofi
JönssonTel:+46
(0) 734 180
018

About Saab

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.

About HITT

HITT is a leading player in the worldwide markets for traffic management and
navigation systems. The company develops technology aimed at safety enhancement
and traffic flow improvement, whilst also enabling significant cost reductions
in infrastructure and logistics. The core activities of HITT consist of
developing, selling and maintenance of management & control systems and services
for air and vessel traffic and hydro-graphic and navigation systems. In 2011
HITT achieved a revenue of EUR 40.7 million and a net profit of EUR 3.4 million.
The number of staff at year-end 2011 was 188. HITT has been listed on Euronext
Amsterdam N.V. since June 1998.

Forward-looking statements and restrictions

This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities or investment
advice or an inducement to enter into investment activity. This announcement
does not constitute an offer to sell or issue or the solicitation of an offer to
buy or acquire the securities of Saab or HITT in any jurisdiction.

The distribution of this press release may, in some countries, be restricted by
law or regulation. Accordingly, persons who come into possession of this
document should inform themselves of and observe these restrictions. To the
fullest extent permitted by applicable law, Saab and HITT disclaim any
responsibility or liability for the violation of any such restrictions by any
person. Any failure to comply with these restrictions may constitute a violation
of the securities laws of that jurisdiction. Neither Saab, nor HITT, nor any of
their advisors assumes any responsibility for any violation by any person of any
of these restrictions. Any HITT shareholder who is in any doubt as to his
position should consult an appropriate professional advisor without delay. This
announcement is not to be published or distributed in or to the United States of
America, Australia, Canada or Japan.

This press release may include "forward-looking statements" and language
indicating trends, such as "anticipated" and "expected." Although Saab and HITT
believe that the assumptions upon which their respective financial information
and their respective forward-looking statements are based are reasonable, they
can give no assurance that these assumptions will prove to be correct. Neither
Saab nor HITT, nor any of their advisors accepts any responsibility for any
financial information contained in this press release relating to the business
or operations or results or financial condition of the other or their respective
groups.

The information is that which Saab AB may be required to declare by the
Securities Business Act and/or the Financial instruments Trading Act. The
information was submitted for publication on July 3 at 18.00 CET.