NEWS FROM SAAB

June 16, 2011
CUE 11-040

Saab completes internal investigation
regarding consultant contract in South
Africa
Saab decided to launch an investigation after details emerged in the
media about a contract with a South African consultant about which
Saab had no prior knowledge.
Saab has now completed a review of the contract and the financial transactions of
the company Sanip Pty Ltd during the period in question.

Our review revealed that approximately 24 million rand was paid from BAE
Systems to Sanip. These payments were transferred to the South African consultant
shortly thereafter.

"These transactions have never entered into the accounts," says Saab's President and
CEO Håkan Buskhe, adding,

"A person emplyed by BAE Systems has without Saab’s knowledge signed a for us
unknown contract, signed for us up until now unknown transactions as well as
signing the audited and apparently inaccurate financial statement for 2003.

The investigation and assembled materials have been submitted to the attorney
Tomas Nilsson, who has been asked to comment whether, in his view, the
investigation material supports Saab's conclusions. All investigation material has
been handed over to Chief Prosecutor Gunnar Stetler at the National Anti-
Corruption Unit on Saab's behalf. Saab will be at the complete disposal of the Chief
Prosecutor in this case, should such a need arise.

"Saab has a zero-tolerance policy towards irregularities. Our internal investigation
and openness in this matter demonstrates how seriously we regard this," says Håkan
Buskhe.










NEWS FROM SAAB

NEWS FROM SAAB
Saab's President and CEO Håkan Buskhe will be available for comments by phone
from 13:30 to 15.00. To book a time, contact press secretary Erik Magni on +46 (0)
734 18 72 01.

For further information, please contact:
Saab Press Centre, +46 (0)734 180 018, presscentre@saabgroup.com

www.saabgroup.com
Saab serves the global market with world-leading products, services and solutions
ranging from military defence to civil security. Saab has operations and employees
on all continents and constantly develops, adopts and improves new technology to
meet customers’ changing needs.








NEWS FROM SAAB
May 20, 2011
CUE 11-033

Result of Saab's ongoing internal
investigation regarding South African
consultant contract
Defence and security company Saab has undertaken an internal
investigation regarding details of a consultant contract that recently
appeared in the media. The enquiries show that Saab knew nothing
about nor approved the contract. Saab confirms that the contract did
not result in any payments from Saab or Sanip.
Saab has carried out an internal investigation resulting from information published
in the media in recent days.

"We take the accusations very seriously and have therefore conducted our own
enquiries in order to investigate what took place,” says Håkan Buskhe, President and
CEO of Saab.

Saab has a zero-tolerance policy regarding bribery and has actively participated in
international efforts to fight corruption in the industry.

"Our investigations are continuing, but nothing has emerged so far in the numerous
investigations previously carried out by the Public Prosecution Authority to prove
that anything illegal took place," says Håkan Buskhe.

The contract that was published by TV4 News and the editorial team for the 'Kalla
Fakta' documentary programme was signed in 2003 between Sanip Ltd and
Hlongwane Consulting Ltd, relating to consulting services in South Africa. At the
time, Sanip was a wholly-owned subsidiary of Saab in South Africa whose
operations were being run by BAE Systems plc. In 2004, the operations were
formally transferred from Sanip to BAE and the company has been dormant since
then.

"Our investigations so far show that there has not been any payments made by Sanip
to the consulting firm. Nor did Saab know anything about the contract and did not
sanction it," states Håkan Buskhe.









NEWS FROM SAAB

NEWS FROM SAAB

Saab has today published a review of Sanip's circumstances, together with
documents regarding the company's finances and the contract transferring Sanip's
operations to BAE in 2004.

“In hindsight, we can state that Saab should have had greater control over Sanip's
operations," says Håkan Buskhe. "At the same time, there is nothing in the
published contract to show that any irregularities were committed."

For further information, please contact:
Saab Press Centre, +46 (0)734 180 018, presscentre@saabgroup.com

www.saabgroup.com
Saab serves the global market with world-leading products, services and solutions
ranging from military defence to civil security. Saab has operations and employees
on all continents and constantly develops, adopts and improves new technology to
meet customers’ changing needs.