Saab to acquire Nyge Aero

Saab intends to acquire all stock units in AB Nyge Aero Norden from Industri
Kapital 1989.

Nyge Aero was established in 1956 and operates in maintenance and modification
of military and commercial aircraft and helicopters, as well as agency
operations and target aircraft. The company has 167 employees and had a
turnover of SEK 160 m. in 1998. Business is run from Nyköping, Ljungbyhed,
Gävle, Luleå and Sandefjorden in Norway.

The Nyge Aero acquisition means Saab will be increasing its activities in the
market for maintenance and modification of both military and commercial
aircraft.

The acquisition is subject to the approval of the Swedish Competition
Authority.

Industri Kapital is a leading private equity fund focusing on Northern Europe,
with assets under management in excess of one billion Euro. Since 1989, 28
investments have been made in companies in various industries. The fund
investors are mainly well-known Nordic, European and North American
institutional investors.

Saab is active mainly in the aircraft, space and defense industry, and offers
advanced products and systems based on sophisticated information technology.
Annual turnover is about SEK 8 billion and around 8,000 persons are employed.

For further information, please contact:
Björn Sundén, President, Nyge Aero tel +46 155 771 10,
+46 70 567 40 75
Lars Jagerfelt, Vice President, tel +46 13 18 71 65
Corporate Communications and Public Affairs
Rolf Forsell, Strategy and Business tel +46 13 18 54 97
Development, Saab AB
Björn Savén, Chief Executive, tel +46 8 678 95 00
Industri Kapital
Michael Rosenlew, Director, Industri Kapital tel +46 8 678 95 00

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