Section 10 of the German Securities Prospectus Act (Wertpapierprospektgesetz, WpPG) which was enacted on 1 July 2005, requires all issuers of securities which are listed on an organised market to annually provide the general public with a document containing or referring to all information published or otherwise made available in the previous twelve months by the issuer to the general public in accordance with certain statutory provisions for the capital market.

Please note that the information in this annual document in accordance with Section 10 WpPG or information which is referred to therein will not be updated and therefore might be outdated.

Neither the annual document nor the information therein and the information to which the annual document refers to shall constitute an offer or the solicitation of an offer to purchase or sell securities.

Only the German version of the annual document is legally binding while the English translation is for convenience only.

Below you will find the Annual Document of SAF AG according to Section 10 WpPG over the period of January 1, 2007 to December 31, 2007.

It is divided into the following categories:

1. Interim reports
2. Annual report 2006
3. Ad-hoc messages (article 15 WpHG)
4. Directors´Dealings (article 15a WpHG)
5. Changes of proportions of voting rights (article 26 sub-paragraph 1 sentence 1 WpHG)
6. Invitation Shareholder's Meeting
7. Calendar

Any document published by SAF AG is available as download under the appropriate link on the website. If this link is not available you can inquire these documents free of charge: Investor Relations, SAF AG, email: investorrelations@dont-want-spam!saf-ag.com.

Tägerwilen, 31 December 2007

Use this link to see the list of Directors´Dealings (only published in German).