Saab Plans Repurchase of Its Stock Shares to Hedge the Company's Share Matching Plans and Performance Share Plans

Sweden--June 15, 2011:

The Annual General Meeting 2011 of Saab AB (Saab) (STO:SAABB) resolved to authorize the Board of Directors to decide to repurchase the company’s own shares of series B in order to hedge the company’s Share Matching Plans and Performance Share Plans. Saab is announcing that the Board today has decided to utilize its authorization for this purpose.

Acquisitions will be made on NASDAQ OMX Stockholm at a price within the registered share price interval on each occasion.

Acquisitions can be made as of 20 July 2011 until next year’s Annual General Meeting. However no acquisitions will be made during a 30-day period prior to the public release of quarterly results, including the date of release.

Saab holds 4,182,410 own shares of series B as per 31 May 2011. The total number of outstanding shares in the company is 109,150,344. The maximum number of shares now intended to be repurchased is 1,340,000 shares of series B.

Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.