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

end of announcement euro adhoc 23.11.2007 10:40:01
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ots Originaltext: SAF AG
Im Internet recherchierbar: http://www.presseportal.de

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