Kockums Industirer divests manufacture of wind power pylons to Enercon

Kockums Industrier divests manufacture of wind power pylons to Enercon of
Germany

An agreement has been signed today between Saab's wholly owned subsidiary
Kockums Industrier (KIAB) in Malmö and the German wind energy group
Enercon, by which Enercon will take over KIAB's manufacture of wind power
pylons. The divestment will affect about half of KIAB's 215 employees and
is a step in the structuring of Saab's operations after the acquisition of
Celsius.

The sale will not affect the income of the Saab Group and will have only a
marginal effect on the balance sheet and cash flow. Manufacture of wind
power pylons generates almost SEK 100 million each year.

"Enercon's purchase is an acknowledgement that they have appreciated the
quality of the 140 pylons we have delivered so far and shows that they
intend to continue with the base we have built up in Malmö, which means
excellent prospects for the future," says Thomas Abrahamsson, President of
Kockums Industrier.

Enercon is one of the world's leading suppliers of energy converters for
wind power. The group has its head office in Aurich near the town of
Emden.

Enercon already has an office in Fosie outside Malmö and KIAB has been an
important subcontractor of wind power pylons to Enercon since the
beginning of 1999. In conjunction with the divestment, the parties have
signed a rental agreement for that part of KIAB's industrial premises
which is affected by the divested operation.

Enercon started manufacture of wind power equipment in 1984 and is now the
largest company in this field in Germany and one of the largest in the
world, with production units in Aurich, Magdeburg, Brazil and India. Sales
units operate in 15 countries. Enercon has total sales of about DEM 1
billion and about 2500 employees.

Saab is northern Europe's leading high technology company, mainly active
in the defense, aviation and space industry, and offers advanced products
and systems based on sophisticated information technology. The business
areas within Saab are Infomatics, Aerospace, Dynamics, Technical Support
and Services, Space and Aviation Services.

For further information, please contact:
Thomas Abrahamsson, VD KIAB tel +46 40348547
+46 70 5743591
Jan Nygren, Head of Corporate Communicationstel.+46 13 181999
in Group Management +46 708 894699

www.saab.se

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