Saab customers in Australia and New Zealand unaffected by sale of Saab Automobile AB.

SYDNEY – June 14, 2012: Overnight, the receivers of Saab Automobile AB announced that they had reached an agreement to sell Saab Automobile AB’s assets. At the same time it was announced that Saab Automobile Parts AB which is responsible for global sales and distribution of Saab parts will not be included in the sale. This means that Saab Automobile Parts AB will remain an independent company.

Since Saab Automobile AB entered bankruptcy, the team at Saab Automobile Parts AB has been working to separate the operations of the two companies and this work is now largely complete. This project has included the formation of a new commercial office in Trollhättan, hiring engineers to provide technical support and forming new international subsidiaries. At the beginning of the year the company launched a subsidiary in Great Britain and last week announced the establishment of a subsidiary in the important North American market. This development and expansion of Saab Automobile Parts AB will continue in the future as the company further strengthens and diversifies its business.

"We knew it was a possible scenario that the parts company would remain outside the sale of Saab Automobile AB" said Stephen Nicholls, Managing Director of Saab Saab Cars Australia. "I am therefore delighted that the work done by the team in Sweden to support our network of authorized repairers in Australia and New Zealand means we can continue to support our Saab owners. There are about 37,000Saabs on the roads in Australia and New Zealand that we care about. We will continue the work to provide Saab owners with Saab Genuine Parts, service and technical support".

Saab Automobile Parts ABhas a global network of about 1,200authorized workshops including 23 inAustralia and New Zealand.