euro adhoc: SAF AG / Buybacks / Ad-hoc disclosure in accordance with § 15 WpHG and disclosure according to Art. 4 para. 2 of the regulation (EU) No. 2273/2003 - SAF Simulation, Analysis and Forecasting AG starts repurchase of own shares (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

15.10.2008

- SAF Simulation, Analysis and Forecasting AG resolves share buyback to fulfill future employee participation programs

Tägerwilen/Switzerland, October 15, 2008
On October 14, 2008, the Board of Directors of SAF Simulation, Analysis and Forecasting AG (ISIN CH0024848738) resolved and empowered the Executive Management to repurchase up to 107,369 own shares, i.e. up to approx. 2 percent of SAF's share capital. The authorization will be valid for one year starting with the date of the resolution and should be started contemporarily. Conditions are determined currently. The share buyback is carried out for the purpose to fulfill future employee participation programs.

The Company will inform regularly about executed transactions on the Company's webpage (http://www.saf-ag.com) and will be available free of charge at SAF's place of business (SAF Simulation, Analysis and Forecasting AG, Investor Relations, High-Tech-Center 2, Bahnstrasse 1, CH-8274 Tägerwilen, Tel.: +41 (0) 71 666 7000, Fax: +41 (0) 71 666 7940).

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Forward Looking Statements and Estimates
This information contains forward looking statements based on assumptions and estimates of SAF's Management Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, risks that are mentioned in the annual report 2007. SAF does not plan to update the forward looking statements, nor does it assume the obligation to do so.

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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