SAAB: Saab's Gripen One Alternative as Future Fighter for Brazil

Business Wire, Oct 2, 2008

STOCKHOLM, Sweden -- Regulatory News:

The Gripen NG (Next Generation) multi-role fighter is on the short list as one alternative to equip the Brazilian Air Force.

"Our answer to the Request for Information (RFI) that we handed in to the Brazilian Air Force in August includes a fighter that perfectly fits their needs, as well as full support regarding spare parts, logistics and training", explains Bengt Janer, marketing director for Brazil, Gripen International. Saab's response also confirms the willingness to include Brazilian industry, share know how, and transfer the most modern technology existing today. The Gripen NG offer from Saab is supported by the Swedish Government.

"We are pleased to be included by the Brazilian Air Force in the ongoing selection process and are ready to submit at very attractive proposal", says Lennart Sindahl, Executive Vice President, Saab.

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.

www.saabgroup.com

The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on 2 October at 09.00.

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