Court rejects voluntary reorganization application. Saab Automobile to appeal decision

Sweden today rejected the proposal for voluntary reorganization by Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile).

Zeewolde, The Netherlands, 8 September 2011 - Swedish Automobile N.V. (Swan) announces that the District Court in Vänersborg, Sweden today rejected the proposal for voluntary reorganization by Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile). Saab Automobile is disappointed with the ruling and will appeal the District Court´s decision.

Swan will update the market tomorrow on further developments.

If you are a Saab customer and have any questions or concerns about how this process might affect your ownership experience please call our customer care team who will be happy to answer your questions. The list of phone numbers is as follows:

Austria: 0800677970
France: 0825009395
Germany: 01802249595
Italian: 800997711
Spain: 902509395
Switzerland 0844850859
Sweden: 020999900
UK : 0845 300 9593
USA: 800 955 9007

All other markets: :+4652086650

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