SAF announces unaudited results for the 2008 fiscal year

Contract negotiations underway in direct business - 2008 total annual
revenues
at prior year level

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companies/unaudited consolidated financial statements 2008

Tägerwilen (euro adhoc) - - Total annual revenues of EUR 13.4 million
at prior year level (FY/07: EUR 13.2 million) - Net profit of EUR 2.1
million (FY/07: EUR 3.0 million) - Concrete contract negotiations
underway in direct business

Tägerwilen/Switzerland, March 5, 2009. SAF AG, which is listed in the
Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738),
reports unaudited revenues of EUR 13.4 million for the total fiscal
year 2008 (FY/07: EUR 13.2 million) at prior year level and an
unaudited net profit of EUR 2.1 million (FY/07: EUR 3.0 million).

Due to the difficult economic situation and projections for 2009,
many retail companies postponed their capital expenditures at year
end contrary to their original planning. As a result, SAF was
surprised by the weakness of sales in the license business during the
normally highest revenue quarter. During fourth quarter 2008, the
Company achieved revenues of EUR 2.9 million (Q4/07: EUR 3.9 million)
that generated a net profit of EUR 0.4 million (Q4/07: EUR 1.2
million).

At present, Dr. Andreas von Beringe, SAF CEO, assesses the current
business development of the direct business as definitely positive:
"During the first months of this year, we have been able to
reintensify our discussions with potential new customers. We
currently are conducting concrete contract negotiations with
important retail companies both in Europe and in the USA on the
implementation of our software." The Company expects to be able to
soon announce additional successes in the direct business and
currently assumes that additional license agreements can be concluded
with potential new customers in the OEM Business.

During the past fiscal year, the Company realized EUR 5.1 million
(FY/07: EUR 7.4 million) in revenues from license agreements of which
EUR 0.6 million were achieved in the fourth quarter (Q4/07: EUR 2.3
million). This was triggered by the severe incidence of postponements
of capital expenditure spending in response to the current economic
situation. During the reporting period, maintenance revenues
increased significantly again by 32.6 percent from EUR 4.8 million to
EUR 6.3 million (Q4/08: EUR 1.7 million and Q4/07: EUR 1.3 million).
Maintenance revenues grew further proportionately with software
license revenues and thus track the latter with a time lag.

Already in 2008, the Company's costs developed moderately. Operating
costs - 66.3 percent of which consist of personnel costs - increased
by 9.1 percent (including tax effect) versus prior year from EUR 11.1
million to EUR 12.1 million (Q4/08: EUR 2.6 million).

"Particularly during economically difficult periods, companies
analyze their processes and search for measures that will strengthen
their competitive position while, at the same time, increasing
revenues and reducing costs. This development is currently reflected
in the sustainable customer pipeline of our direct business,"
comments von Beringe in assessing the situation for 2009. In
addition, SAF will profit from the increasing maintenance business
that has developed into an important and stable revenue guarantor, as
well as from service revenues. In addition, SAF will also benefit
from a solid cash position. For these reasons, SAF feels that it is
well prepared to also deal with difficult times in order to
sustainably develop its business.

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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