Saab in a South Africa export initiative

SAAB, BAE SYSTEMS & DNA SHERWOOD LAUNCH R3,8 BILLION SOUTH AFRICA EXPORT
INITIATIVE

A new export promotion initiative, expected to generate about R350-million
a year in new export business for South African manufacturers, has been
established by Saab, BAE SYSTEMS and DNA Sherwood, a subsidiary of
Johannesburg Stock Exchange-listed company, DNA Supply Chains.

This partnership venture, which will harness local exports, is supported
by the Department of Trade & Industry and forms part of Saab and BAE
SYSTEMS' non-defence National Industrial Participation (NIP) programme
linked to South Africa's purchase of Gripen and Hawk aircraft.

The programme will identify international export opportunities for all
South African manufacturers, but with a particular focus on providing
market access for Small, Medium and Micro Enterprises (SMMEs). DNA
Sherwood will identify and match foreign customers with South African
suppliers and partners.

"This facility will unlock new business potential for many South African
manufacturers with the ability to export, but which have traditionally
been unable to find appropriate markets for their products. We anticipate
that through this venture, we can generate approximately R3,8-billion in
new export business for South Africa over the next 11 years," explained
DNA Sherwood director, Shane Hervey.

DNA Sherwood is an established and successful supply-chain management
company with extensive experience in exporting a variety of products for
South African blue-chip companies. This new programme will take advantage
of DNA Sherwood's extensive business linkages to initiate new export
business.

BAE SYSTEMS Group Marketing Director, Sir Charles Masefield, said:
"Through BAE SYSTEMS and Saab's extensive global industrial networks, we
will identify new procurement opportunities for South African
manufacturers and suppliers. DNA Sherwood will also facilitate the export
process for South African manufacturers by removing some of the logistical
difficulties they face in serving foreign markets."


Target export products cover the entire spectrum of goods manufactured in
South Africa including basic manufactured parts, such as fasteners, nuts
and bolts, industrial consumables, safety equipment and workwear through
to automotive components, sophisticated hi-tech electronic goods and
industrial equipment.

DTI's director for Industrial Participation, Vanan Pillay, said the
initiative provided a vehicle to support Government's strategy of
stimulating economic growth through increased export of locally made
goods. "Importantly, it provides a strategic launchpad for SMMEs enabling
them to grow their business internationally".

Sir Charles described the project as "a key element of our partnership
strategy with South Africa". "It is our eighth NIP project, and
demonstrates that we are on track to deliver USD$7,2-bn (about R49-bn) in
economic benefits to South Africa over the next 11 years through our NIP
programme."

Saab President & CEO, Bengt Halse said: "Through Saab's parent group,
Investor AB and its holdings in ABB, Ericsson, Electrolux, Atlas-Copco,
Scania, Astra-Zeneca and others, we have an excellent opportunity to
promote South African products. Other multinationals associated directly
and indirectly with the Hawk and Gripen programmes such as Rolls Royce,
Volvo and General Electric also present additional procurement
opportunities."

NOTES TO EDITORS:

About BAE SYSTEMS
BAE SYSTEMS, formed by the merger of British Aerospace and Marconi
Electronic Systems in November 1999, is the global systems, defence and
aerospace company. It employs more than 100,000 people worldwide and has
annual sales of more than £12.3 billion. The company offers an unrivalled
global capability in air, sea, land and space with a world-class prime
contracting ability supported by a range of key skills.

BAE SYSTEMS designs and manufactures civil and military aircraft, surface
ships, submarines, space systems, radar, avionics, communications,
electronics, guided weapon systems and a range of other defence products.

About Saab AB
Saab is Northern Europe's leading high-technology company. It employs 17
200 people and booked sales in excess of EUR2,25-billion in 1999. Of these
the majority were export sales.

Its expertise includes aeronautics, space, underwater technologies,
information gathering, signature management, precision engagement,
sensors, image processing and communications technology. Saab is a
knowledge company and one of the few with the ability to integrate complex
systems based on may different technologies. With its wide range of
advanced systems, products and services, Saab focuses on developing
partnerships in growth areas where it is or can become the world leader.

About DNA Sherwood
DNA Sherwood, a wholly-owned subsidiary of the Johannesburg Stock
Exchange-listed DNA Supply Chain Investments It is an international
procurement company sourcing and exporting globally for a range of blue
chip clients. With more than 30 years experience, DNA Sherwood has
unrivalled expertise on this continent.

For more information contact:

Linden Birns - Plane Talking
PR for Saab-BAE SYSTEMS
Tel: +27 82 568 8031

Jane Strachan - Palimpsest Communications
PR for DNA Sherwood
Tel: + 27 82 446 5227

Jan Ahlgren - VP Communications & Public Affairs
Saab Aerospace
Mobile: +46 705 18 39 07

John Neilson - VP Communications
SAAB - BAE Systems Gripen
Mobile: +44 802 337 704

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