Swedish Ministers Visit Saab HQ

TROLLHATTAN, Sweden - February 23, 2009: Today the Swedish Minister of Industry, Maud Olofsson and Sven Otto Littorin the Minister of Employment travelled to Saab’s headquarters in Trollhättan to discuss plans for a ‘New Independent Saab’. A variety of topics were on the agenda including Saab’s reorganization plans, short term funding plus strategies for attracting outside investment.

Jan Åke Jonsson, Saab Automobile’s Managing Director said, “I can report that the discussions were constructive, open and made in good spirit. During the meeting we laid out some of our plans to move forwards as an independent entity and also our intention to concentrate Saab design, engineering and manufacturing in Sweden.” “With an all new 9-5, 9-3X and 9-4X all ready for launch over the next year and a half, Saab has an excellent plan for strong growth.”

Saab will continue to operate as usual and in accordance with the formal reorganization process.