Regulatory press release

Saab publishes prospectus relating to the rights issue

The prospectus relating to Saab's rights issue of not more than MSEK 6,006 has today been approved and registered by the Swedish Financial Supervisory Authority, and is available on Saab's website, www.saabgroup.com, under the section Investor, Rights issue 2018 as well as on SEB's website for prospectuses, www.sebgroup.com/prospectuses.

Application forms for subscription without subscription rights can be obtained from Saab's and SEB's websites as from the first day of the subscription period (29 November 2018).

Advisors

SEB Corporate Finance is the financial advisor and Mannheimer Swartling the legal advisor regarding the rights issue.

For further information, please contact:

Ann-Sofi Jönsson, Vice President, Head of Investor Relations

+46 734 187214

ann-sofi.jonsson@saabgroup.com

www.saabgroup.com

www.saabgroup.com/YouTube

Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers' changing needs.

IMPORTANT INFORMATION

The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in Saab Aktiebolag ("Saab AB") in any jurisdiction.

This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Hong Kong, Japan, India, South Africa, Canada, Singapore, the United States of America, including its territories and possessions, any state of the United States or the District of Columbia (the "United States") or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in a manner that contravenes such restrictions or would entail such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.

The securities referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended ("Securities Act"), or under the securities laws of any state or other jurisdiction in the United States and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, in or into the United States absent exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with securities laws of the relevant state or other jurisdiction in the United States. All offers and sales of securities in connection with any rights offer by Saab AB will be made, subject to certain limited exceptions, outside of the United States and in reliance on, and in compliance with, Regulation S under the Securities Act. There will be no public offering in the United States.