Share Buy Back

AD-HOC DISCLOSURE IN ACCORDANCE WITH § 15 WPHG AND DISCLOSURE ACCORDING TO ART. 4 PARA. 2 OF THE REGULATION (EU) NO. 2273/2003

SAF Simulation, Analysis and Forecasting AG starts repurchase of own shares

• SAF Simulation, Analysis and Forecasting AG resolves share buyback to fulfill future employee participation programs

Tägerwilen/Switzerland, November 3, 2008
On October 14, 2008, the Board of Directors of SAF Simulation, Analysis and Forecasting AG (ISIN CH0024848738) resolved and empowered the Executive Management to repurchase up to 107,369 own shares, i.e. up to approx. 2 percent of SAF’s share capital. The authorization will be valid for one year starting with the date of the resolution and should be started immediately.

The share buyback is carried out for the purpose to fulfill future employee participation programs.

The buyback will be carried out lead-managed by a commercial bank which makes its trading decisions in relation to the issuer's shares independently of, and without influence by, the issuer with regard to the timing of the purchases. Additionally the commercial institution will be obliged to execute the repurchase solely in accordance with the resolution of the Board of Directors of October 14, 2008, while complying with the full range of restrictions concerning the buyback of shares, as set out in Commission Regulation (EC) No. 2273/2003 of December 22, 2003 (EG-CR), observing all other applicable regulations and executing the repurchase in a manner that is efficient and in the interests of the Company

In line with these conditions, there will not be a purchase at a price higher than the higher of the price of the last independent trade and the highest current independent bid on the regulated market where the purchase is carried out.

Furthermore, the commercial bank will in accordance with the EG-CR purchase no more than 25 percent of the average daily share turnover on that regulated market where the shares are pur-chased. Average daily share turnover is calculated on the basis of the average daily trading volume during the 20 stock exchange trading days prior to the purchase date.

The Company will inform regularly about executed transactions in compliance with sec. 14 para. 2, 20a para. 3 WpHG in connection with art. 4 (3 and 4) of the aforementioned Regulation EG-CR on the Company’s webpage (http://www.saf-ag.com) and will be available free of charge at SAF’s place of business (SAF Simulation, Analysis and Forecasting AG, Investor Relations, High-Tech-Center 2, Bahnstrasse 1, CH-8274 Tägerwilen, Tel.: +41 (0) 71 666 7000, Fax: +41 (0) 71 666 7940).

Period	Amount of Shares	Average Price in €	Purchased Volume in €	Downloads
13.11.–21.11.2008	4,469	7.0632	31,565.42
24.11.–02.12.2008	2,766	7.0549	19,584.32
03.12.–11.12.2008	722	7.0010	5,057.32
12.12.–22.12.2008	27	6.6000	178.29
23.12.08.–07.01.2009	696	7.7563	5,398.38
08.01.–16.01.2009	0	0	0
19.01.-27.01.2009	1,003	6.4421	6,461.47
28.01.-05.02.2009	1,223	5.4491	6,664.20
06.02.-16.02.2009	538	5.0751	2,731.77
17.02.-25.02.2009	22	5.1800	114.02
26.02.-06.03.2009	0	0	0
09.03.-17.03.2009	0	0	0
18.03.-26.03.2009	920	6.3906	5,879.38
27.03.-06.04.2009	0	0	0
07.04.-17.04.2009	519	5.5100	2,861.12
20.04.-28.04.2009	0	0	0
29.04.-08.05.2009	4,787	7.4620	35,720.60
11.05.-19.05.2009	4,422	7.7344	34,201.58
20.05.-28.05.2009	7,701	8.1748	62,954.51
29.05.-08.06.2009	6,947	9.1550	63,599.92
09.06.-17.06.2009	3,646	8.9791	32,737.81
18.06.-26.06.2009	1,401	8.9579	12,549.97
29.06.-07.07.2009	8,366	9.9093	82,901.51
08.07.-16.07.2009	2,429	9.9711	24,219.84
17.07.-27.07.2009	28,350	11.5146	326,438.12
28.07.-05.08.2009	15,554	11.5807	189,125.74
06.08.-14.08.2009	10,851	11.5282	125,092.13