SAF-HOLLAND Agrees Post-IPO Refinancing on Improved Terms

Luxembourg (ots) -

- EUR263 m and $90 m in New Syndicated Senior Credit Facilities
- Lower financing costs and improved debt and cash flow profile

SAF-HOLLAND S.A., one of the world's leading producers and
suppliers of high-quality systems and components for commercial
vehicles (truck and trailer), has successfully agreed a refinancing
that reduces its financing costs and improves its debt and cash flow
profile. The financing consists of EUR263 m and $90 m in Syndicated
Senior Credit Facilities with a tenor of five years. The proceeds
will primarily be used to refinance existing debt post the successful
IPO in July 2007.

Dresdner Kleinwort and UniCredit acted as Mandated Lead Arrangers,
and the syndicate consists of 14 banks in all. The facility was
significantly oversubscribed.

"This refinancing gives us significantly better terms, and
represents a resounding vote of confidence in us by our banks, many
of which have been with us since the start," said Wilfried Trepels,
CFO of the SAF-HOLLAND Group. "We can now focus fully on our growth
strategy, which is centred on expanding capacity to meet strong and
growing demand for our products worldwide."

The steady growth of SAF-HOLLAND is underpinned by the continual
increase in global trading volumes. In response to the strong order
book, further strengthened by additional new framework contracts in
January, SAF-HOLLAND is increasing capacity. SAF-HOLLAND will
increase axle production capacity at its sites in Germany as well as
Slovakia in the first half of 2008.

In addition to strong sales growth, the company also expects
growth in profitability in 2008. For 2009, the company is aiming for
total sales of EUR1 bn, and for 2010, it is aiming for an adjusted
EBIT margin of 10%.

About SAF-HOLLAND:

SAF-HOLLAND has been listed in the Prime Standard of the Frankfurt
Stock Exchange since 26th July 2007. The stock exchange code is
"SFQ", the ISIN LU0307018795. The company's product range covers
premium axles and axle systems, trailer and truck suspension systems,
fifth wheels and "kingpins", the part on the semitrailer that is
connected to the fifth wheel on the truck, as well as trailer
couplings and landing gear for semi-trailers. SAF-HOLLAND customers
include the majority of large truck and trailer producers all over
the world. The products are sold to Original Equipment Manufacturers
(OEM), Original Equipment Suppliers (OES) through a global service
and distribution network, and direct to consumers and service garages
through the spare parts market.

Originaltext: SAF-HOLLAND
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For more information, please contact:

Media Relations:
Alistair Hammond, CNC AG
+49 69 5060 375 64
Alistair.Hammond@cnc-communications.com

Investor Relations:
Sandra Fabian, CNC AG
+49 6095 301 865
Sandra.Fabian@safholland.de