Sweden offers Saab’s Gripen to Norway

In Oslo today the Swedish Defence Material Administration FMV, on behalf of the Swedish government, handed-over its compliant response to the Norwegian Ministry of Defence Request for Binding Information for up to 48 Gripen for the Royal Norwegian Air Force.

4/28/2008 | “We have equipped Gripen next generation with a more powerful engine and a completely new modular avionics system. The aircraft will have a greater payload and a longer range. In addition we will develop a completely new type of radar. The development will mean that Gripen will be able to maintain its position at the cutting edge of development for the next 30 - 40 years. Gripen meets all Norwegian requirements.” says Åke Svensson, CEO of Saab. “

“The Swedish offer also includes a broad spectrum of Swedish cooperation with Norwegian industries all over Norway, exceeding 100 percent of the Gripen order value.” Continues Åke Svensson.

For further information, please contact:

Toni Eriksson, Acting Press secretary, Saab AB
Telephone: +46 (0)734-18 00 18

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 28rd April at 9.00 AM.