EANS-News: SAF AG / SAF receives SAP's public tender offer for its shares

SAP offers SAF shareholders EUR 11.50 per share


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companies/tender offer

Tägerwilen (euro adhoc) - - Acceptance Period: July 27 until August
28, 2009, 24:00 CET - Additional Acceptance Period: expected to take
place from September 4 until September 18, 2009, 24:00 CET

Tägerwilen/Switzerland, July 27, 2009 Today, SAP AG published the
public tender offer to the shareholders of SAF AG, which is listed on
the Prime Standard of the Frankfurt Stock Exchange (ISIN
CH0024848738) and is one of the worldwide technology leaders in
automated forecasting and ordering systems for retail. The tender
offer consists, as announced on July 20, 2009, of a cash tender offer
of EUR 11.50 per share and is addressed to all shareholders of SAF.
The acceptance period commences today and will end on August 28,
2009, 24:00 CET. An additional acceptance period is expected to take
place from September 4 until September 18, 2009, 24:00 CET.

The tender offer represents a premium of 9.5 percent over the Xetra
closing price of SAF shares on July 17, 2009 (EUR 10.50) and a 33.9
percent premium over the volume-weighted average Xetra price of the
SAF shares on the Frankfurt Stock Exchange for the last three months
prior to the announcement of the public tender offer by SAP AG on
July 20, 2009 (EUR 8.59). The tender offer is subject to a minimum
acceptance rate of 50 percent plus one share and the consent of the
competent antitrust authorities. The two main shareholders of SAF,
who together hold approximately 38 percent of SAF's shares, have
agreed with SAP to accept the tender offer.

The German offer document, in which the details of the voluntary
public tender offer are set forth, was published today on the SAP
website at www.sap.de/investor. Print copies are available free of
charge in Germany from Commerzbank AG, ZCM-ECM Execution, Mainzer
Landstraße 153, 60327 Frankfurt am Main (fax: +49-69-136-44598), and
in the United States from SAP Global Marketing, Inc., 95 Morton St,
Suite 200, New York, NY 10014, USA, fax: +1-610- 492-9758. A
non-binding English translation of the offer document can be found
under http://www.sap.com/investor.

The Board of Directors of SAF will, after careful review of the offer
document, release a statement on the offer, which then will be
available on the company's German website at www.saf-ag.com.

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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 2008, were approx. 13.4 million EUR with consolidated
profit of 2.1 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
un-certainties 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 2008. 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: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade