23.06.2006 – 13:02

SAF AG

euro adhoc: SAF AG
Board of Directors (Appointments and Changes)
SAF AG (ISIN CH0024848738 /WKNA0JD78) reduces Board of Management and establishes new business unit "Innovation & Research"

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

23.06.2006

Tägerwilen/Switzerland, 23 June 2006. Board of Management and Board
of Directors of SAF Simulation, Analysis and Forecasting AG (ISIN
CH0024848738 /WKNA0JD78), distributing and developing Software for
replenishment, announce the reduction of the Board of Management as
of 23 June 2006. Wolfgang Schütz, CTO since 2005 and in charge of
product development, will assume responsibility for a crucial area of
activity - the establishment of the new business unit "Innovation &
Research". In this way SAF AG faces up to the technological
challenges and meets the market’s demand. In the position of an
Executive Vice President Wolfgang Schütz will assume control of this
important business unit and will realise his long-time experience. In
accordance with the size of the company the Board of Management will
consist of three members in the future: Dr. Andreas von Beringe, CEO,
will additionally sign for Innovation & Research. Oliver Drehmann,
COO, who will also be responsible for product development and Susanne
Bergsteiner, CFO.

end of announcement                               euro adhoc 23.06.2006 12:27:18

Further inquiry note:

Astrid Strömer
+41 (0)71 666 79 48
astrid.stroemer@saf-ag.com

Branche: Software
ISIN: CH0024848738
WKN: A0JD78
Index: Technologie All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade