SAF Quarterly Financial Report September 30, 2007

Third quarter revenues below expectations

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Tägerwilen (euro adhoc) - - Revenues of EUR 3.2 Mio. (Q3/06: EUR 3.5
Mio.) below expectations for third quarter - Net profit of EUR 0.6
Mio. (Q3/06: EUR 1.1 Mio.) in the third quarter - Conclusions of new
contracts in direct and partner sales with delay

Tägerwilen/Switzerland, November 27, 2007. SAF AG, which is listed on
the Prime Standard of the Frankfurt Stock Exchange (ISIN
CH0024848738) developed below the business plan and lowered - as
already announced - the forecast for the fiscal year 2007.

In the third quarter of this year, SAF generated revenues of EUR 3.2
million (Q3/06: EUR 3.5 million) and a net profit of EUR 0.6 million
(Q3/06: EUR 1.1 million). This represents a decline in revenues of
8.5 percent and a drop in earnings of 43.7 percent year on year,
which puts the Company behind its business plan.

The OEM partner was below budget with third-quarter sales of the
software licenses. SAF expects to see more of the same in the
important fourth quarter. In addition to this, based on the current
status in our direct sales business, some contracts will not generate
any revenues until the coming year instead of in the fourth quarter
of 2007. Therefore the sales forecast for the current fiscal year had
to be lowered to reflect the current situation. At present SAF is
expecting - as already announced - total annual revenues of between
EUR 13.6 and EUR 15.0 million and a net profit of between EUR 2.7 and
EUR 3.9 million.

"SAF is not at all content with the current development of the
business in 2007. Nevertheless, this has not caused any fundamental
change in the existing preconditions for the continuation of SAF`s
success story", added Dr. Andreas von Beringe, SAF´s CEO.

This year, SAF created all the organizational requirements necessary
to handle the record sales growth of 84.0 percent for the year prior,
and have set the stage for continued growth. This is particularly the
case with respect to the expansion of direct sales operations, which
will show contract conclusions for the end of the year and in future
will focus far more on new contracts in the direct sales business.
The planned acquisition of new technologies and the development of
new partnerships are important contributors to the continued
improvement of our market position and to expanding our technological
advantage. Von Beringe emphasizes in addition: "Other growth drivers
are the stable partnership with our longstanding OEM partner and the
rapidly growing maintenance business." It recorded growth of 83.6
percent over the first nine months of 2007 and establishes a
continuously growing revenue stream.

The 2007 net profit margin forecast of 20 to 26 percent shows that,
even based on the revised forecast, SAF is one of the most profitable
companies in the software industry, in a rapidly growing market for
automated forecast and replenishment systems.

end of announcement euro adhoc 27.11.2007 07:32:11
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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
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