General Shareholders´ Meeting of SAF Simulation, Analysis and Fore-casting AG approves merger with SAP (Schweiz)

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.

Tägerwilen/Switzerland, September 27, 2011. The General Shareholders' Meeting of
SAF Simulation Analysis & Forecasting AG ("SAF") (ISIN CH0024848738) today
approved the merger with SAP (Switzerland) AG with the requisite majority. SAF
expects that the merger will soon be entered into the commercial register. The
merger will take effect upon its entry into the commercial register. SAF will be
dissolved once the merger enters into effect. Accordingly, SAF also expects that
SAF shares will be delisted from the Frankfurt Stock exchange in the near
future. The minority shareholders' securities accounts will be credited with the
cash settlement in connection with the merger.

End of ad-hoc release ========================================================= 

About SAF AG: SAF Simulation, Analysis and Forecasting AG specializes in the
development of automated ordering and forecasting software for retailers and
industrial manufacturers. SAF deploys the demand chain management approach,
which controls replenishment planning based on consumer demand patterns. SAF
software assists users to realize substantial cost savings and optimizes general
logistics conditions through its simulation capabilities. As a result,
significant competitive advantages are achieved along the entire value chain:
lower inventories, improved product availability, and last, but not least, a
higher level of customer satisfaction.

SAF AG was established in 1996 by Dr. Andreas von Beringe and Prof. Dr. Gerhard
Arminger. SAF shares are listed at the official market (Prime Standard) at the
Frankfurt Stock Exchange (FWB). Today, the company employs approx. 100 people.
Consolidated sales revenues for fiscal year 2010, according to IFRS statements,
were EUR 15.6 million with consolidated profit of EUR 1.4 million. SAP AG
currently holds approx. 94 percent of SAF´s shares. SAF´s products are
distributed in many European countries as well as in the United States. The
company is headquartered in Tägerwilen, Switzerland. SAF also has a subsidiary
in the United States: SAF Simulation, Analysis and Forecasting U.S.A., Inc.,
Irving and in Slovakia, Bratislava: SAF Simulation, Analysis and Forecasting
Slovakia s.r.o. with the focus on Nearshore-Development.

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 2010. SAF does not plan to update the forward looking statements,
nor does it assume the obligation to do so.

Further inquiry note:
Investor Relations
High-Tech-Center 2, Bahnstrasse 1
CH-8274 Tägerwilen

end of announcement                               euro adhoc 

issuer:      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
sector:      Software
ISIN:        CH0024848738
indexes:     Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Stuttgart, Düsseldorf, München 
language:   English

Weitere Meldungen: SAF AG

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