EANS-News: SAF AG / With a solid project pipeline, SAF well positioned for second half of 2011 fiscal year

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quarterly report/6-month report

Subtitle: Maintenance and service business continues strong growth

Tägerwilen (euro adhoc) - - Service business records 50.9 percent
growth to EUR 0.7 million in Q2/11 - Total revenues in second quarter
at EUR 3.7 million - At EUR 0.7 million, licensing revenues below
expectations

Tägerwilen, Switzerland, August 17, 2011. The Prime Standard listed
SAF AG (ISIN CH0024848738) posted total revenues of EUR 3.7 million
in the second quarter of 2011 (Q2/10: EUR 4.4 million). With revenues
at EUR 0.7 million, the licensing business was down by 57.5 percent
compared with the second quarter of 2010 (Q2/11: EUR 1.7 million).
The maintenance and service business continued its encouraging growth
trend throughout the second quarter. The maintenance business grew
quarter on quarter by 3.0 percent to EUR 2.3 million. The service
business developed excellently, growing by 50.9 percent to EUR 0.7
million (Q2/10: EUR 0.5 million). In addition to the solid service
business with the OEM partner SAP, SAF's direct consulting, analysis
and implementation projects also contributed to this excellent
performance.

The decline in revenues only was partially offset by a 3.9 percent
year on year reduction in operating expenses to EUR 3.5 million in
the second quarter. Consolidated net profit thus fell to EUR 0.4
million (Q2/10: EUR 1.0 million). SAF recorded a 15.8 percent decline
in revenue to EUR 6.8 million for the first half of 2011, breaking
even with a consolidated net profit of EUR 0.0 million.

SAF entered into a strategic partnership with the Barcelona-based
solutions provider Supply Nexus during the second quarter, enabling
it to expand its distribution and partnership network and to position
itself for success on the Iberian Peninsula. Projects involving Coop
and the Dutch supermarket chain Jan Linders are progressing as
planned.

"SAF's solutions provide retailers with significant verifiable cost
reductions and decisive competitive ad-vantages along the entire
value chain," said Udo Meyzis, CEO of SAF AG. "Thanks to future
investments in enhanced software solutions for automated
replenishment and the synergies achieved through the close
partnership with SAP, SAF is in an optimal position to assist its
customers in mastering the challenges of their ordering process.
SAF's solid project pipeline lays the foundation for growth in
licensing revenue in the coming quarters."

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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 2010, according to IFRS statements, were EUR 15.6 million
with consolidated profit of EUR 1.4 million. SAP AG currently holds
approx. 94 percent of SAF´s shares. 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., Irving 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 2010. SAF does not plan to update the
forward looking statements, nor does it assume the obligation to do
so.

Further inquiry note:
Alwin Grünwald
Tel.: +41 (0) 71666 7948
e-mail: alwin.gruenwald@saf-ag.com

end of announcement euro adhoc
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company: SAF AG
High-Tech-Center 2 / Bahnstrasse 1
CH-8274 Tägerwilen
phone: +41 (0)71 666 79 48
FAX: +41 (0)71 666 79 40
mail: investorrelations@saf-ag.com
WWW: http://www.saf-ag.com
sector: Software
ISIN: CH0024848738
indexes: Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Stuttgart, Düsseldorf, München
language: English