Saab Automobile Appoints New Chief Financial Officer

TROLLHATTAN, SWEDEN – February 17, 2011: Saab Automobile today announced the appointment of Nils-Johan Andersson as Vice President Saab Automobile AB and Chief Financial Officer (CFO). Andersson will join Saab Automobile from Lindab Group, a Swedish company providing products and systems for the construction industry, and brings over 20 years of experience in corporate finance, financial planning, accounting and executive management. Andersson will be based at Saab Automobile’s headquarters in Trollhättan, where he will report directly to Saab Automobile CEO and President Jan Åke Jonsson.

Announcing the appointment, Jonsson said: “I am delighted to welcome Nils-Johan to our senior management team. His experience and skills will be great assets to Saab Automobile as we continue to establish ourselves as a successful independent company.”

During his tenure at Lindab, where he also served as CFO, Andersson built up extensive experience in working for a public company, which is vital to Saab Automobile ever since it was bought by Amsterdam-listed Spyker Cars N.V. of the Netherlands. At Lindab, Andersson oversaw a major review of the company’s cost structure which increased efficiency and improved profitability.

Andersson, 48, takes over from Karl G Lindström, who served as interim CFO until now. “We wish Karl all the best and thank him for his contributions during his time with Saab Automobile,” said Jonsson.