Saab AB utilizes repurchase authorization to hedge the company's Share Matching Plan and Performance Share Plan

Saab AB utilizes repurchase authorization to hedge the company's Share Matching
Plan and Performance Share Plan

The Annual General Meeting 2008 of Saab AB (Saab) resolved to authorize the
Board of Directors to decide to repurchase the company's shares in order to
hedge the company's Share Matching Plan and Performance Share Plan. Saab is
announcing that the Board has decided to utilize its authorization for this
purpose. 

Acquisitions will be made on the Stockholm Stock Exchange (Stockholmsbörsen) at
a price within the registered price interval on each occasion. 

Acquisitions can be made as of July 21, 2008 until next year's Annual General
Meeting. However no acquisitions will be made during a 30-day period prior to
the public release of quarterly results, including the date of release. 

Saab currently holds 999,808 own shares. The total number of outstanding shares
in the company is 109,150,344. The maximum number of shares now intended to be
repurchased is 1,340,000. 

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:
Anne Gynnerstedt, Group Senior Vice President, Corporate Legal Affairs, and
secretary of the board
Tel: 08-463 01 41

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 wassubmitted for publication on 19 June at 16.30.