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Spyker Cars finalizes the purchase of Saab
· Spyker Cars finalizes deal over the purchase of Saab Automobile · Transfer of ownership has taken place · Saab exits liquidation and the management are back in control · Transaction signals the start of an exciting new era for Saab · Saab and Spyker to operate under parent company Spyker Cars N.V. Trollhättan. Spyker Cars N.V. today confirmed it has finalized the deal with General Motors Company to purchase Saab Automobile AB. The transfer of ownership took place at 16.30 CET on February 23. Prior to the close of the deal Saab exited liquidation and control was reinstated to Jan Åke Jonsson, Saab Automobile’s CEO, and his management team. Going forward Saab Automobile and Spyker Cars will operate as sister companies under the umbrella of the Amsterdam Euronext listed parent company Spyker Cars N.V. (Ticker symbol:SPYKR). This transaction secures the future of Saab Automobile and signals the start of an exciting new era for the iconic brand. Victor Muller, CEO of Spyker Cars NV said: “We are delighted - Saab’s future is now secure.” He continued: “From today we will be concentrating all of our efforts into reviving Saab and transforming it into a sustainable and profitable company with the confidence to be bold. We will reinforce the emotional experience between Saab drivers and their cars and we will focus on Saab's historical strengths in the fields of independent thinking, aircraft heritage, ecological performance and motorsport. “Through this acquisition we add approximately 15 euros per share in equity and 60 euros of assets. With a well funded business plan in place we are looking forward to working with Saab’s management on the realization of that plan and bringing exciting new products to our customers. Real Saabs, Saab Saabs.” Jan Åke Jonsson, CEO of Saab Automobile AB said: “Today’s announcement is great for Saab’s customers, dealers, suppliers and employees around the globe, the level of passion and support shown to Saab over recent months has been remarkable and this does bode well for the future. Now we aim to get back to the execution of our business plan, starting with the introduction of the new 9-5 later this year, and with the continued support of our employees and business partners I am confident we will succeed.” “This transaction represents the successful outcome of months of hard work and intense negotiations, all aimed at securing a sustainable future for this unique brand, and we are pleased with the positive outcome,” said John Smith, GM vice president for corporate planning and alliances. “This is a great day for Saab employees, dealers and suppliers, and a great day for millions of Saab customers and fans worldwide.”
February 24, 2010
 Dear Saab Owner, At Saab, we've always been proud of our ability to see challenge as opportunity. Our sense of independent, "anything is possible" thinking allows us to look at things from a different perspective and to bring unconventional ideas to everything we do. Certainly, the past few months have been as challenging as any in our 73-year history. But thanks to the optimism and dedication of our Swedish leadership and Saab loyalists like you, we are thrilled to announce that Saab is here to stay. Without the support of our customers and fans, the recent purchase of Saab Automobile AB by Spyker N.V. would not have become a reality. We'd like to extend our sincere appreciation to you and to the thousands of fans who rallied, convoyed, blogged and otherwise helped carry the torch to save Saab. We are humbled and we are grateful, and we want you to know it. Looking ahead, our vision remains clear: Saab is committed to creating inspiring cars for independent thinkers who are searching for something more than just another car. In a few months, we will bring a new, completely redesigned Saab 9-5 sedan to North America. Built with the latest technology and progressive Scandinavian design, we believe the 9-5 rivals the best of the premium imports. In the near future, we'll also introduce the 9-4X, a fun-to-drive luxury sport crossover that befits the Saab badge. These new vehicles will join our highly regarded 9-3 family of vehicles. Again, many thanks for your continued support and inspiration. We look forward to writing the next chapter of our history and bringing you a different perspective on vehicles for many years to come. Sincerely, 
Mike Colleran
President and Chief Operating Officer
Saab Cars North America
February 24, 2010
Please feel free to contact SAAB of Charlotte at 704-563-4820 with any sales or service needs you may have.
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