SAF Announces Q2/2008 Results

SAF expects growth in revenues for the entire fiscal year 2008

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companies/half Year Financial report 2008

Tägerwilen (euro adhoc) - - Quarterly revenues of EUR 2.8 million
(2Q/07: EUR 3.3 million) - Quarterly net profit of EUR -0.3 million
(2Q/07: EUR 0.6 million) - Growth in revenues expected for the entire
fiscal year 2008

Tägerwilen/Switzerland, August 27, 2008. SAF AG, which is listed in
the Prime Standard of the Frankfurt Stock Exchange (ISIN
CH0024848738) reports for the second quarter of 2008 revenues of EUR
2.8 million (2Q/07: EUR 3.3 million) and a net profit of EUR -0.3
million (2Q/07: EUR -0.3 million). The Company expects growth in
revenues for the current fiscal year.

Development of the license business was restrained and contributed
EUR 0.7 million to revenues in the second quarter of 2008. Compared
to prior-year quarter`s EUR 1.9 million, this corresponds to a
decrease of 61.1 percent. SAF generated revenues of EUR 1.7 million
from the sale of software licenses during the first half of 2008
(H1/07: EUR 3.4 million) - a drop of 50.8 percent. These revenues
resulted from agreements with two new customers in the second
quarter. The OEM partner`s unsatisfactory sales performance, which
did not meet the jointly stipulated planning, was decisive for the
decrease. In addition, the increase in revenues from the direct
business as well as the encouraging growth in both maintenance with
EUR 1.5 Mio. (Q2/07: EUR 1.2 Mio.) and services with EUR 0.5 Mio.
(Q2/07: EUR 0.3 Mio.) were not yet able to compensate for the
decrease at the time.

SAF posted a consolidated net loss of EUR 0.3 million in the second
quarter of 2008, compared to a net profit of EUR 0.6 million in the
prior-year period. SAF posted a net profit of minus EUR 0.3 million
in the first six months in the fiscal year, compared to EUR 1.1
million in net profit in the prior-year period. A decrease in license
sales caused the decline in earnings. In addition, there was a slight
increase in operating costs due to investments in additional growth.

Looking at the entire 2008 fiscal year, SAF expects a revenue
increase. "This forecast is based on several factors", explains Dr.
Andreas von Beringe, CEO at SAF AG. "Our OEM partner has given us an
appropriate outlook regarding the annual revenue expected from the
SAP F&R system that is decisive for us. In addition, the sales
campaigns we launched will incrementally increase revenues from SAF`s
own license sales." Besides von Beringe adds, "Furthermore, we have
built up significant, continually growing maintenance revenues in the
previous years. SAF`s services are rising, following increased
customer demand for analysis and implementation services." So based
on the contractually-ensured, long-term close cooperation with its
OEM partner, and its step-by-step strengthening of the direct
business, SAF sees prospects for further improving its position in
the growing market for forecasting and replenishment software.

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 2007, were approx. 13.2 million EUR with consolidated
profit of 3.0 million EUR according to IFRS statements. 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., Grapevine, Texas
and in Slovakia, Bratislava: SAF Simulation, Analysis and Forecasting
Slovakia s.r.o. with the focus on Nearshore-Development.

Notice The entire Interim Report as of August 30, 2008 as well as
financial key figures will be available from August 27 onwards at
SAF´S webpage at "Investors-> Reports & Presentations":
www.saf-ag.com or by phone: +41 (0)71 666 79 48

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 2007. SAF does not plan to update the
forward looking statements, nor does it assume the obligation to do
so.

end of announcement euro adhoc
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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: Prime All Share, Technologie 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