Resolution at Extraordinary General Meeting to offer convertible debentures to employees of the Saab Group

Resolution at Extraordinary General Meeting to offer convertible debentures to
employees of the Saab Group

At an Extraordinary General Meeting of shareholders in Saab AB on Wednesday,
September 30 1998, a resolution was adopted to issue convertible debentures to
employees of the Saab Group. The debenture loan will be at most SEK 254
million and will run from December 4 1998 to July 30 2004.

"The debentures will enable our personnel to become more involved in the
company's development," says Bengt Halse, President and CEO, in his address to
the shareholders' meeting. Hopefully, employee participation and ownership in
the company will be accompanied by a sense of involvement, satisfaction and
loyalty, which is necessary for Saab's continued success".

The conversion rate has earlier been set at SEK 91. With full subscription and
conversion, the issue will 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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