SAF AG - Annual General Meeting resolves first-time dividend payment

Agenda items adopted

Tägerwilen (euro adhoc) -

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- Gross dividend amounting to EUR 0.2 per share

Tägerwilen/Switzerland, June 11 2008. The shareholders of SAF AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), have agreed to a first-time dividend payment as well as to the further agenda items at yesterday´s Annual General Meeting.

Hence, the Annual General Meeting agreed to distribute a dividend of EUR 0.20 per share entitled to dividend out of the balance sheet profit of CHF 17,711,866.63 and to carry forward the remaining balance sheet profit.

Regarding the 5.538.650 bearer shares 5.450.578 shares are entitled to dividend on the day of the Annual General Meeting. The 88.072 treasury shares of SAF are excluded from the dividend payment. In total EUR 1,090,115.60 will be distributed as dividend. The payment in Euro will be effected starting on June 11, 2008.

The effective currency conversion will be made based on the exchange rate prevailing at the day of the payment of the dividend. The exact amount paid in Swiss Franc and hence the exact amount paid in Swiss Franc which will be carried forward will be determined today. The amount that will be carried forward equates to the balance sheet profit of CHF 17,711,866.63 less the distributed dividend payment in Swiss Franc.

"SAF has successfully further expanded its business since the initial public offering in April 2006. Even if the financial year just ended did not deliver the expected revenue jump, the Company is operationally equipped for additional growth" explains Dr. Andreas von Beringe, SAF´s CEO and President of the Board of Directors. "As of the end of the financial year, cash and cash equivalents has been further expanded. On the one hand, this resulted from the proceeds from the initial public offering but also from the operating income from previous years. Therefore, the Board of Directors (Verwaltungsrat) recommended to the Annual General Meeting 2008 that they initially distribute a dividend" added Beringe.

Further inquiry note:
Astrid Strömer
+41 (0)71 666 79 48
astrid.stroemer@saf-ag.com

end of announcement euro adhoc

emitter: SAF AG
High-Tech-Center 2 / Bahnstrasse 1
CH-8274 Tägerwilen
phone: +41 (0)71 666 79 48
FAX: +41 (0)71 666 79 40
mail: investorrelations@saf-ag.com
WWW: http://www.saf-ag.com
sector: Software
ISIN: CH0024848738
indexes: Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Stuttgart, Börse Düsseldorf, Börse München language: English

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