Debenture loan oversubscribed

The debenture loan to employees of the Saab Group has been oversubscribed. A
preliminary estimate showed that by the closing date, debenture applications
totalling SEK 316 million had been received, an oversubscription of SEK 62
million. Forty-eight percent of the Group's 8,000 employees submitted
applications.

After a decision at the Extraordinary General Meeting in September, the
debenture loan will be at most SEK 254 million and run from December 4, 1998
to July 30, 2004.

The conversion rate has been set at SEK 91. The issue is expected to lead to a
dilution of 2.55 percent of the share capital and 1.67 percent of the number
of votes.

For further information, please contact:

Lars Jagerfelt, Vice President,
Corporate Communications and Public Affairs, Saab AB +46 13 187165

Göran Wedholm
Controller Corporate Financial Control, Saab AB +46 13 187121

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