Saab acquires Ericsson's share in jointly owned company

Saab AB and Ericsson Microwave Systems AB have agreed on the acquisition
by Saab of Ericsson's share (49.9%) in Ericsson Saab Avionics AB. This
will take place by Ericsson Microwave System AB exercising an option in
the Shareholders' Agreement to transfer its stake in the company to Saab
AB.

The merger in 1997 was an initial step in an active structuring of the
two companies' operations in avionics and electronic warfare. This
process is now being concluded through Saab's acquisition and will
contribute to further concentration of the two companies' core areas.

Saab will pay SEK 225 million for the shares.

Ericsson Saab Avionics is the leading supplier of electronic systems for
the JAS 39 Gripen combat aircraft. It has a total of 750 employees.
Sales in 2000 amounted to SEK 1,028 million.

Ericsson is shaping the future of Mobile and Broadband Internet
communications through its continuous technology leadership. Providing
innovative solutions in more than 140 countries, Ericsson is helping to
create the most powerful communication companies in the world.

Saab is one of the world's leading high-technology companies, with its
main operations focusing on defence, aviation and space. The group
covers a broad spectrum of competence and capability in systems
integration.

For further information, please contact:
Dan Jangblad, General Manager, Business Unit
Saab Systems and Electronics
phone: +46 858085070
Anna Bergenlid, Communications,
Saab Systems and Electronics
phone: +46 858085345
Ulf Berg, VD Ericsson Microwave SystemsAB
phone: +46 317471492
Mariana Lucic, Press Officer, Ericsson Microwave Systems AB
phone: +4631 7471841

www.saab.se

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