15.07.2011 – 16:24

SAF AG

EANS-Adhoc: SAF AG
SAP AG plans merger and integration of SAF Simulation, Analysis and Forecasting AG

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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15.07.2011

Tägerwilen/Switzerland, July 15, 2011. SAP AG has informed  SAF Simulation,
Analysis and Forecasting AG ("SAF"), which is listed on the Prime Standard of
the Frankfurt Stock Exchange (ISIN CH0024848738), of its intention to combine
SAF's business with that of SAP (Schweiz) AG (SAP's Swiss subsidiary) by way of
a merger. As part of the merger, minority shareholders of SAF would receive an
adequate cash set-tlement as compensation. Trading in SAF shares on the
Frankfurt Stock Exchange will be discon-tinued upon the company's dissolution
pursuant to the merger. Following completion of the required preparatory steps,
the merger is to be approved by an Extraordinary Shareholders' Meeting to take
place in the course of this year. SAP AG also informed SAF that SAF's current
locations and staff would be retained. The Board of Directors of SAF will
evaluate the merger project and intends to disclose further details in due time.


End of ad-hoc release ========================================================= 


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 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 Man-agement
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:
SAF AG
Investor Relations
High-Tech-Center 2, Bahnstrasse 1
CH-8274 Tägerwilen 
investorrelations@saf-ag.com

end of announcement                               euro adhoc 
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issuer:      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