Australia decides to upgrade ANZAC ships

Australia's Minister for Defence Robert Hill today approved programs for
upgrading the ANZAC ships. This will be carried out by the ANZAC
Alliance comprising Australia's Defence Authority, Tenix and Saab.

Most of the work will be carried out in Australia during standard
maintenance periods.

The total cost of upgrading the ANZAC ships will amount to AUD 500
million, and several suppliers are involved in the development work.
Saab can be involved in upgrading command and control systems. If the
upgrade becomes a definite order, this would be expected in the latter
part of 2004.

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:
Iréne Svensson, Group Senior Vice President, Corporate Communications &
Public Affairs, Saab AB
Tel. +46 (0)8-463 01 30, +46 (0)734-187130

www.saab.se


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