Oslo Lufthavn AS/Avinor AS does not intend to continue negotiations with
SAS Trading

Today OSL/Avinor announced that they will continue its contractual
negotiations with another operator regarding duty free-shops at the
Norwegian airports. A definite concession agreement is expected to be
signed in August.

In a Letter of Intent OSL/Avinor intends to sign an agreement with
another operator regarding the duty free concessions at the following
airports: Gardermoen, Stavanger, Bergen, Trondheim and Kristiansand. The
new concession agreement will be valid for seven years starting in 2005
and is estimated to have a turnover of SEK 1 billion per year.

SAS Trading has been operating the above mentioned concessions in the
last 40 years.

- Due to our long experience of the Norwegian duty free-market, we have
been working intensively to offer OSL/Avinor an attractive and serious
tender. Unfortunately, OSL/Avinor has decided to move forward with
another travel-retail operator, says Patric Sjöberg, President, SAS
Trading.

SAS Trading will continue to operate and develop its business in
Scandinavia, Poland and the Baltic States. If the concession agreement
is definitely signed with another operator, SAS Trading will operate 32
airport shops next year compared to today's 38.

For further information, please contact:
Patric Sjöberg, President, SAS Trading Ph: +46-70-997 25 06
Merete Elvestad, Area Manager, SAS Trading Ph: +47-95 71 78 05
John Dueholm, Executive Vice President, SAS Ph: +46 70 997 5005

Euroshop is SAS Trading's retail chain. The business concept is to
satisfy air passengers' needs for goods and service with care, quality
and customer-perceived price benefits. There are currently 39 Europshop
stores in six countries, at a total of 21airports in six countries. Each
shop is like a mini-department store, with well-known and exclusive
brands represented in the areas of spirits, tobacco, perfume, fashion,
confectionary, glass and gift items. Each visit is to be more than a
shopping experience - it must be the most fun part of the entire trip.
This is why Euroshop is focuses on active and segmented customer care,
activities and inspiration through creativity, happiness, consideration
and reability. SAS Trading's Homepage: www.euroshop.com