SAS AB ("SAS") and each of its subsidiaries that are subject to the voluntary
chapter 11 process in the U.S., will each within short file a Statement of
Financial Affairs (SOFA) and Schedule of Assets and Liabilities (SOAL) with the
U.S. Bankruptcy Court for the Southern District of New York. The filings are
part of the SAS' voluntary chapter 11 process in the U.S. and contain detailed
financial information, as of the chapter 11 petition date (July 5, 2022),
including information on assets, liabilities and revenue, for each SAS debtor
that is subject to the chapter 11 process.

The financial information contained in the SOFAs and SOALs is unaudited and
reflects the SAS debtor entities' reasonable efforts to report the financial
information of each individual debtor on a non-consolidated basis. Accordingly,
the amounts listed in the SOFAs and SOALs will likely differ, at times
materially, from the consolidated accounts presented by SAS in the company's
financial reports.

In connection with these court filings, SAS announces certain consolidated
financial information for the Group as of June 30, 2022, see table below. The
financial information has not been audited or reviewed by SAS' auditor.

Financial information, SAS Group  million SEK (million USD)1)
                                  Nov 1, 2021-June 30, 2022
Revenue                           19,443 (1,903)
                                  As of June 30, 2022
Total assets                      60,183 (5,889)
Total liabilities                 58,606 (5,735)
Cash and cash equivalents         7,788 (762)

1) Amounts in SEK have been recalculated to USD based on the Swedish Riksbank's
SEK/USD exchange rate of 10.2194 as of June 30, 2022.

SAS will release its interim Q3 report (November 2021-July 2022) on August 26,
2022, in accordance with its financial calendar.

Additional information about the chapter 11 process is available at the
company's dedicated restructuring website, https://sasgroup.net/transformation.
Court filings and other documents related to the chapter 11 process in the U.S.
- including the Statements of Financial Affairs (SOFA) and the Schedules of
Assets and Liabilities (SOAL) - will be available on a separate website
administered by SAS' claims agent, Kroll Restructuring Administration LLC, at
https://cases.ra.kroll.com/SAS. Information is also available by calling (844)
242-7491 (U.S./Canada) or +1 (347) 338-6450 (International), as well as by email
at SASInfo@ra.kroll.com.

Advisors

Weil, Gotshal & Manges LLP is serving as global legal counsel and Mannheimer
Swartling Advokatbyrå AB is serving as Swedish legal counsel to SAS. Seabury
Securities LLC and Skandinaviska Enskilda Banken AB are serving as investment
bankers, Seabury is also serving as restructuring advisor. FTI Consulting is
serving as financial advisor.

For further information, please contact:

SAS Press office, +46 8 797 29 44

Louise Bergström, VP Investor Relations, +46 70 997 0493

SAS, Scandinavia's leading airline, with main hubs in Copenhagen, Oslo and
Stockholm, is flying to destinations in Europe, USA and Asia. Spurred by a
Scandinavian heritage and sustainable values, SAS aims to be the global leader
in sustainable aviation. We will reduce total carbon emissions by 25 percent by
2025, by using more sustainable aviation fuel and our modern fleet with fuel
-efficient aircraft. In addition to flight operations, SAS offers ground
handling services, technical maintenance and air cargo services. SAS is a
founder member of the Star AllianceT, and together with its partner airlines
offers a wide network worldwide. Learn more at https://www.sasgroup.net

Click here for more information

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