Saab acquires 49 percent of Elesco

Saab has acquired a 49 percent holding in Finnish defence corporation
Elesco with an opportunity to purchase the remaining shares. The sellers
are Start Fund of Kera, Finland and Terma, Denmark. The move strengthens
Saab's position on the Finnish defence market.

"The Finnish market is important to us, and, thanks to Saab's
acquisition of Elesco, we'll be able to strengthen and develop our local
presence," says Dan-Åke Enstedt, President of the Saab Systems business

Elesco's main focus is systems integration for the Finnish armed forces.
The company has 35 employees and a turnover of approximately MSEK 35.

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:
Dan-Åke Enstedt, President Saab Systems, phone+46 (0)73-066 66 66
Guy Hörnfeldt, Director Communications & Public Affairs, Saab Systems
Phone: +46 (0)8 580 85370 or +46(0)70325 5370

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