Modern Slavery Act statement

Saab serves the global market with world-leading products, services and solutions within military defence and civil security. The company has operations and employees on all continents around the  world. About 12 000 of Saab’s 15 000 employees are placed in Sweden.

Saab considers the risk for modern slavery and human trafficking in its own business as very limited.  We are aware of the risks in the supply chain. Saab primarily buys components and technologies  associated with the company’s products, and to a lesser extent various services. Saab has relatively  few first tier suppliers in countries where national laws and internationally accepted principles and  norms on human rights, labour, anti-corruption and the environment are not fully accepted. The  major risks for modern slavery and human trafficking are therefore believed to be found further down  the supply chain.

We work continuously to find ways to minimise risks in the supply chain. Our Supplier Code of  Conduct, which is based on the UN Global Compact’s principles on human rights, labour, the  environment and anti-corruption, should be included in all new agreements and also in renegotiated  agreements. In the code, we also express an expectation that suppliers will place similar demands on  their subcontractors. If a supplier does not comply with the requirements in the Supplier Code of  Conduct, Saab's position, as far as possible, is to encourage improvements by working along with the  supplier. Serious violations and an unwillingness to co-operate can, however, affect the relationship  with the supplier.

During the year several agreements were signed in which the suppliers accepted Saab’s clause  regarding the Supplier Code of Conduct. Saab also provided training on sustainability in the supply  chain to key employees and began to update its procurement process with an expanded questionnaire  for suppliers and a model to classify suppliers based on risk. The aim is to further improve risk  analysis and monitoring.

The common factor for all of Saab’s business dealings is that they are based on trust. All our  stakeholders rely on Saab as a long-term partner. This trust can only be maintained if the business is  run responsibly and sustainably. That is why responsible business and sustainability is a priority for  Board of Directors.

The organisation operates the following policies that describe Saab’s approach to the identification of  modern slavery risks and steps to be taken to prevent slavery and human trafficking in the  operations: Code of Conduct, Supplier Code of Conduct, Whistleblowing policy and Security policy.

This statement covers the financial year 2016 and has been approved by the Board of Directors.

April, 2017

Håkan Buskhe, President and CEO and member of the Board of Directors of Saab AB (publ)