New strategic partner to Saab in South Africa

New strategic partner to Saab in South Africa

Investment holding company Sekunjalo Investment Ltd led by Chairman Dr
M. Iqbal Survé becomes a new strategic partner to Saab AB and takes up a
shareholding position in Saab South Africa (PTY) Ltd.

Sekunjalo Investment Ltd is an African investment holding company,
listed on the Johannesburg Stock Exchange, and a majority black-owned
and black-controlled company with strong B-BBEE (Broad-Based Black
Economic Empowerment) credentials.

Sekunjalo Investment Ltd becomes a 25 percent shareholder in Saab South
Africa (PTY) Ltd. Through the transaction Sekunjalo Investment Ltd
acquires an up-front equity interest in Saab South Africa (PTY) Ltd,
corresponding to 25 percent of voting rights and 5 percent of the
capital. Based on the performance of the company, Sekunjalo Investment
Ltd will over time be entitled to increase its share of the capital up
to maximum 25 percent. This strategic relationship will complement
current BEE partners and further reinforce and develop existing Saab
business in South Africa.

“This transaction confirms Saab's confidence in the opportunities within
South Africa and the Sub-Saharan region as well as our commitment to the
industrial growth and future prosperity of South Africa. With Sekunjalo
Investment Ltd as a strategic partner Saab will further strengthen its
position in the South African market”, says Åke Svensson, CEO and
President of Saab AB.

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 3 June at 16.30.

For further information, please contact: Saab Press Centre, +46 (0)734
180 018
www.saabgroup.com