Comment from Harald Norvik, Chairman of SAS AB, Regarding Formulations of The SAS/Maersk Affair In the Stock Market Prospectus Of May 2001 About a Single Share.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Aug. 23, 2001 1. The information in the prospectus is correct. 2. It could have been expressed more clearly that some form of penalty pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the SAS/Maersk Affair was probable. 3. At the time the prospectus was prepared, SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. was involved in close discussions with the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community regarding this matter. It was then impossible to estimate the size of the penalty and its potential significance. Accordingly, the Board of Directors avoided speculation on this issue. 4. The penalty imposed in July 2001 was considerably higher than SAS had anticipated following the discussions conducted with the European Commission. Harald Norvik Harald Norvik, born in 1946, is a former chairman, president, and chief executive of Norwegian oil giant Statoil. Norvik received his Master of Science Degree in Business from the Norwegian School of Economics and Business Administration. Chairman of the Board of SAS AB |
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