Gripen contract signed for Czech Republic

Today the Swedish Government as well as the Czech Government, has signed
a Memorandum of Understanding (MoU), for the lease of 14 newly produced
Gripen fighters for a duration of 10 years. At the same time Saab is
entering into an agreement with the Swedish Defence Materiel
Administration regarding modification and adaptation.

"Today's decision is further proof that our export-related efforts with
the Gripen have paid off, and it is an important step for us on the
international market. Sweden is one of only five countries worldwide to
develop advanced military fighter aircrafts, and after today's decision
the Czech Republic is the fourth country to choose the Gripen, after
Sweden, South Africa and Hungary," says Åke Svensson, CEO of Saab AB.

In tandem with this MoU, Gripen International, owned by SAAB along with
British BAE Systems, is signing an offset agreement linked to the main
order. The agreement will enable industrial cooperation and economic
development for the Czech Republic.

The Czech Republic's decision is the result of many years of selections.
The country recommended the Gripen in December 2003, subsequently
initiating negotiations with the Swedish State to lease Gripen fighters
intended for Sweden. The Gripen was chosen ahead of various competitors.

Pilot and engineer training will initially be conducted in Sweden by the
Swedish Air Force. Modification and adaptation to Czech demands and
specifications will take place at Saab Aerosystems in Linköping, Sweden.
The first Gripen fighters will be delivered to the Czech Republic in
2005. Saab will also conduct maintenance and service during the full
lease period.

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 capabilities in systems

For further information, please contact:
Iréne Svensson, Group Senior Vice President, Saab AB, tel +46 (0)734-18 71 30
Peter Larsson, Press Officer, Saab AB, tel +46 (0)734-18 00 18

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