Saab AB utilizes repurchase authorization to hedge the company's Share Matching Plan...

Saab AB utilizes repurchase authorization to hedge the company's Share Matching Plan and Performance Share Plan

STOCKHOLM, Sweden--(Business Wire)--
Regulatory News:

The Annual General Meeting 2008 of Saab AB (Saab) (STO:SAABB)
resolved to authorize the Board of Directors to decide to repurchase
the company's shares in order to hedge the company's Share Matching
Plan and Performance Share Plan. Saab is announcing that the Board has
decided to utilize its authorization for this purpose.

Acquisitions will be made on the Stockholm Stock Exchange
(Stockholmsborsen) at a price within the registered price interval on
each occasion.

Acquisitions can be made as of July 21, 2008 until next year's
Annual General Meeting. However no acquisitions will be made during a
30-day period prior to the public release of quarterly results,
including the date of release.

Saab currently holds 999,808 own shares. The total number of
outstanding shares in the company is 109,150,344. The maximum number
of shares now intended to be repurchased is 1,340,000.

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.

www.saabgroup.com

The information is that which Saab AB is required to declare by
the Securities Business Act and/or the Financial instruments Trading
Act. The information was submitted for publication on 19 June at
16.30.

This information was brought to you by Cision
http://newsroom.cision.com

Anne Gynnerstedt
Group Senior Vice President,
Corporate Legal Affairs,
and secretary of the board
Tel: 08-463 01 41

Copyright Business Wire 2008