Shareholders in SAS AB (publ) (hereinafter the "Company") are hereby invited to
attend the Annual General Meeting on Monday 18 March 2024. The Annual General
Meeting will be held at 10:00 a.m. at the Company's Head Office, Frösundaviks
allé 1, Solna, Sweden. The meeting venue will open at 9:00 a.m. for
registration. Registration of participants at the meeting ends when the meeting
is called to order.

The Board has decided that the shareholders shall also be able to exercise their
voting rights at the Annual General Meeting by postal voting.

Please note that specific instructions and deadlines apply for holders of common
shares registered in Denmark and Norway, as further detailed below.

Instructions to holders of common shares registered with Euroclear Sweden AB in
Sweden (i.e. other than holders of common shares registered with Euronext
Securities Copenhagen, the Danish Central Securities Depository, or with
Euronext Securities Oslo, the Norwegian Central Securities Depository)

Shareholders of common shares registered in Sweden who wish to attend the
meeting venue in person or by proxy must be listed as a shareholder in the
presentation of the share register prepared by Euroclear Sweden AB concerning
the circumstances on Friday 8 March 2024, and must give notice of participation
to the Company no later than Tuesday 12 March 2024, preferably before 4:00 p.m.,
through the Company's website www.sasgroup.net (under "About SAS/Corporate
Governance") or by telephone to +46-709977070 on weekdays between 9:00 a.m. and
4:00 p.m. Notification may also be made by regular mail to the following
address: SAS AB (publ), Attn: SAS Legal department, Kristin Ljungdahl, SE-195 87
Stockholm, Sweden. The notification shall set forth the name, personal/corporate
identity number, address, telephone number, email address and, as applicable,
the number of assistants (no more than two) and shall be sent so that it is
received by the Company no later than Tuesday 12 March 2024.

Shareholders of common shares registered in Sweden who wish to participate in
the Annual General Meeting by postal voting must be listed as a shareholder in
the presentation of the share register prepared by Euroclear Sweden AB
concerning the circumstances on Friday 8 March 2024, and must give notice of
participation no later than Tuesday 12 March 2024 by submitting their postal
vote in accordance with the instructions under the heading Postal voting below
so that the postal voting form is received by Computershare AB no later than
that day.

Shareholders who wish to attend the meeting venue in person or by proxy must
give notice in accordance with the above instructions. This means that a notice
of participation only by postal voting is not sufficient for shareholders who
wish to attend the meeting venue in person or by proxy.

To be entitled to participate in the Annual General Meeting, a shareholder whose
shares are registered in the name of a nominee must, in addition to giving
notice of participation in the General Meeting, register its shares in its own
name so that the shareholder is listed in the presentation of the share register
as of Friday 8 March 2024. Such registration may be temporary (so-called voting
rights registration), and request for such voting rights registration shall be
made to the nominee, in accordance with the nominee's routines, at such a time
in advance as decided by the nominee. Voting rights registrations that have been
made by the nominee no later than Tuesday 12 March 2024 will be taken into
account in the presentation of the share register.

Instructions to holders of common shares registered with Euronext Securities
Copenhagen in Denmark

Shareholders of common shares registered in Denmark who wish to participate in
the Annual General Meeting must be listed as a shareholder in the presentation
of the share register prepared by Euroclear Sweden AB concerning the
circumstances on Friday 8 March 2024, and must give notice of participation to
Euronext Securities Copenhagen no later than Monday 11 March 2024 at 3:00 p.m.
in accordance with the instructions set out below for voting rights
registrations. Shareholders who wish to participate in the Annual General
Meeting by postal voting must also submit their postal vote in accordance with
the instructions under the heading Postal voting below so that the postal voting
form is received by Computershare AB no later than Tuesday 12 March 2024.

To be entitled to participate in the Annual General Meeting, a shareholder whose
shares are registered in the name of a nominee must, in addition to giving
notice of participation in the General Meeting, register its shares in its own
name so that the shareholder is listed in the presentation of the share register
as of Friday 8 March 2024. Such registration may be temporary (so-called voting
rights registration), and request for such voting rights registration shall be
made to the nominee, in accordance with the nominee's routines, at such a time
in advance as decided by the nominee.

Accordingly, a shareholder whose common shares are registered with Euronext
Securities Copenhagen must request that Euronext Investor Services temporarily
register the common shares in the shareholder's own name with Euroclear Sweden
AB to be entitled to participate in the Annual General Meeting. A request for
such voting rights registration must be received by Euronext Securities
Copenhagen no later than Monday 11 March 2024 at 3:00 p.m., and can be submitted
by sending a completed and signed registration form by regular mail to
Euronext Securities Copenhagen, to Nicolai Eigtveds Gade 8, DK-1402 Copenhagen,
Denmark or by email to CPH-investor@euronext.com, or through Euronext
InvestorPortalen, which is available at www.sasgroup.net (under "About
SAS/Corporate Governance") and at www.euronext.com/cph-agm. The registration
application should include the account operating institution in Denmark (with
the custody account number) with which the shareholder's common shares are
deposited. Voting rights registration requests received by Euronext Securities
Copenhagen in accordance with the above are also valid as notice of
participation in the General Meeting.

A form for registration and notice of participation is available at
www.sasgroup.net (under "About SAS/Corporate Governance").

A shareholder whose common shares are registered in the share register prepared
by Euroclear Sweden AB as of the record date Friday 8 March 2024 may give notice
of participation to the Company at a later date, but no later than Tuesday 12
March 2024, in accordance with the above instructions for shareholders
registered in Sweden.

Instructions to holders of common shares registered with Euronext Securities
Oslo in Norway

Shareholders of common shares registered in Norway who wish to participate in
the Annual General Meeting must be listed as a shareholder in the presentation
of the share register prepared by Euroclear Sweden AB concerning the
circumstances on Friday 8 March 2024, and must give notice of participation to
Nordea Norway no later than Wednesday 28 February 2024 at 3:00 p.m. in
accordance with the instructions set out below for voting rights registrations.
Shareholders who wish to participate in the Annual General Meeting by postal
voting must also submit their postal vote in accordance with the instructions
under the heading Postal voting below so that the postal voting form is received
by Computershare AB no later than Tuesday 12 March 2024.

To be entitled to participate in the Annual General Meeting, a shareholder whose
shares are registered in the name of a nominee must, in addition to giving
notice of participation in the General Meeting, register its shares in its own
name so that the shareholder is listed in the presentation of the share register
as of Friday 8 March 2024. Such registration may be temporary (so-called voting
rights registration), and request for such voting rights registration shall be
made to the nominee, in accordance with the nominee's routines, at such a time
in advance as decided by the nominee.

Accordingly, a shareholder whose common shares are registered with Euronext
Securities Oslo must request that Nordea Norway temporarily register the common
shares in the shareholder's own name with Euroclear Sweden AB to be entitled to
participate in the Annual General Meeting. A request for such voting rights
registration must be received by Nordea Bank Abp, filial i Norge, Securities
Services - Issuer Services no later than Wednesday 28 February 2024 at 3:00
p.m., and can be submitted by sending a completed and signed registration form
by regular mail to P.O. Box 1166 Sentrum, NO-0107 Oslo, Norway or by email to
nis@nordea.com. Voting rights registration requests received by Nordea Norway in
accordance with the above are also valid as notice of participation in the
General Meeting.

A form for registration and notice of participation is available at
www.sasgroup.net (under "About SAS/Corporate Governance").

A shareholder whose common shares are registered in the share register prepared
by Euroclear Sweden AB as of the record date Friday 8 March 2024 may give notice
of participation to the Company at a later date, but no later than Tuesday 12
March 2024, in accordance with the above instructions for shareholders
registered in Sweden.

Instructions applicable to all shareholders

Shareholders with shares registered in more than one country should state this
when submitting their notice of participation.

Participation at the meeting venue

Shareholders who wish to attend the meeting venue in person or by proxy may be
accompanied by no more than two assistants at the Annual General Meeting.
Assistants to shareholders will be admitted to the Annual General Meeting only
if the shareholder registers the number of assistants in accordance with the
notification instructions provided above for shareholders' participation in each
country.

Shareholders represented by proxy must issue a dated written proxy for their
representative. Proxy forms are available at www.sasgroup.net (under "About
SAS/Corporate Governance"). A proxy is valid one year from its issue date or
such longer time period as set out in the proxy, however, not more than five
years. If the proxy is issued on behalf of a legal entity, a registration
certificate or corresponding authorizing documentation shall be appended to the
form. In order to facilitate registration at the meeting, the proxy as well as
the registration certificate and other authorizing documentation should be sent
to one of the addresses provided in this notice in connection with the notice of
participation.

Postal voting

A special form must be used for the postal vote. The form for postal voting is
available at www.sasgroup.net (under "About SAS/Corporate Governance"). A
completed and signed form for postal voting must be received by Computershare AB
no later than Tuesday 12 March 2024. The form may be sent by email to
info@computershare.se or by regular mail to Computershare AB, "SAS AB:s
årsstämma", P.O. Box 5267, SE-102 46 Stockholm, Sweden. Shareholders that are
natural persons and have a Swedish BankID may also submit their postal votes
electronically via the Company's website, www.sasgroup.net (under "About
SAS/Corporate Governance").

Further instructions and conditions can be found in the postal voting form and
at www.sasgroup.net (under "About SAS/Corporate Governance").

To receive the postal voting form by regular mail, please contact Computershare
AB by telephone +46-771246400.

Shareholders submitting their postal votes by proxy must issue a dated written
proxy for their representative, which must be enclosed with the postal voting
form. Proxy forms are available at www.sasgroup.net (under "About SAS/Corporate
Governance"). A proxy is valid one year from its issue date or such longer time
period as set out in the proxy, however not more than five years. If the proxy
is issued on behalf of a legal entity, a registration certificate or
corresponding authorizing documentation shall be appended to the form.

Admission cards

Admission cards, to be presented when entering the Annual General Meeting venue,
will be sent out by email around Thursday 14 March 2024 to all shareholders who
have given notice of participation in accordance with the above instructions and
provided their email address. Admissions cards will not be sent to shareholders
who have submitted postal votes, unless the shareholder has expressed that it
intends on attending the meeting venue.

Number of shares and votes in the Company

The Company has at the time of publication of this notice issued 7,266,039,292
common shares, 0 subordinate shares and 0 shares of series C, equivalent to a
total of 7,266,039,292 votes. No shares are held by the Company itself.

Proposed agenda

 1. Meeting is called to order.
 2. Election of a Chairperson for the General Meeting.
 3. Preparation and approval of the voting list.
 4. Approval of the agenda.
 5. Election of two persons to verify the minutes.
 6. Determination of whether the meeting has been duly convened.
 7. Presentation of the annual accounts and auditors' report as well as the
consolidated accounts and consolidated auditors' report, and the statement of
the auditor regarding the application of guidelines for remuneration of senior
executives.
 8. Report on the work of the Board, the Remuneration Committee and the Audit
Committee, followed by the CEO's address and in conjunction with this, the
opportunity for shareholders to put questions to the Board and Group Management.
 9. Resolutions on:

      a. the approval of the income statement and balance sheet and the
consolidated income statement and consolidated balance sheet