SAF Provides Indication on 2008 Business Results

Total 2008 revenues expected to equal prior year level - Software
license sales suffered in Q4/08 due to cautious customer investment
attitudes

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companies/indicative results 2008

Tägerwilen (euro adhoc) - - Total annual revenues of approx. EUR 13.3
million at prior year level - License sales via direct business
channel and OEM partner time-delayed

Tägerwilen/Switzerland, January 28, 2009. SAF AG, which is listed in
the Prime Standard of the Frankfurt Stock Exchange (ISIN
CH0024848738), expects revenues in FY/08 of approx. EUR 13.3 (FY/07:
EUR 13.2 million) to be at prior year level. For the fourth quarter
of 2008, the Company expects revenues of approx. EUR 2.8 million
(Q4/07: EUR 3.9 million).

Due to the increasingly difficult economic situation and the
pessimistic forecasts of various economic institutes for 2009, many
retailers have postponed their capital expenditures. "We were
surprised by the weakness of license revenues at year end," comments
Dr. Andreas von Beringe, SAF AG CEO, in describing the situation.

"Originally, we and our OEM partner evaluated the list of expected
license contract closures as extremely positive and assumed that the
ongoing contract negotiations would be successfully completed prior
to year end," adds von Beringe. "Currently, we expect that the
license contract closures with potential new customers via OEM and
direct sales business have not been lost, but rather that they have
been time-delayed."

SAF feels that it is well prepared for difficult times. The Company
profits from the increasing maintenance business that has developed
into a significant and stable revenue guarantor as well as from
revenues from the service business. In addition, SAF also benefits
from a solid cash position. "Without a doubt, we were not satisfied
with the development of the fourth quarter. However, for the total
year, we were able to maintain revenues at prior year level and will
report a positive net profit. SAF is in a good position to develop
its business in a sustainable way, even during economically difficult
periods," remarks von Beringe.

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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.

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