SAF AG

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

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23.11.2007

SAF Simulation, Analysis and Forecasting AG starts repurchase of own shares

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

Tägerwilen/Schwitzerland, November 23, 2007 On November 22, 2007, the Board of Directors of SAF Simulation, Analysis and Forecasting AG (ISIN CH0024848738) resolved and empowered the Executive Management to repurchase up to 120,000 own shares, i.e. up to app. 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 immediately.

The share buyback is carried out for the purpose to fulfill future employee participation programs.

The buyback will be carried out lead-managed by a commercial institution which makes its trading decisions in relation to the issuer's shares independently of, and without influence by, the issuer with regard to the timing of the purchases. Additionally the commercial institution will be obliged to execute the repurchase solely in accordance with the resolution of the Board of Directors of November 22, 2007, while complying with the full range of restrictions concerning the buyback of shares, as set out in Commission Regulation (EC) No. 2273/2003 of December 22, 2003 (EG-CR), observing all other applicable regulations and executing the repurchase in a manner that is efficient and in the interests of the Company

In line with these conditions, there will not be a purchase at a price higher than the higher of the price of the last independent trade and the highest current independent bid on the regulated market where the purchase is carried out.

Furthermore, the commercial bank will in accordance with the EG-CR purchase no more than 25 percent of the average daily share turnover on that regulated market where the shares are purchased. Average daily share turnover is calculated on the basis of the average daily trading volume during the 20 stock exchange trading days prior to the purchase date.

The Company will inform regularly about executed transactions in compliance with sec. 14 para. 2, 20a para. 3 WpHG in connection with art. 4 (3 and 4) of the aforementioned Regulation EG-CR 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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ots Originaltext: SAF AG
Im Internet recherchierbar: http://www.presseportal.ch

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

Branche: Software
ISIN:      CH0024848738
WKN:        A0JD78
Index:    Technologie All Share, Prime All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade



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