Stephan Lindow

Member of the Board of Directors

Stephan Lindow (born on 9 November 1969) is a German citizen. After training to become a banker, he studied economics in Berlin and Gießen. After concluding his studies in 1996, he was an auditing assistant at Dr. Röver & Partner KG Wirtschaftsprüfungsgesellschaft in Berlin from 1997 through 2000. This was followed by brief employment as group controller at gedas AG, Berlin, which was followed by a position at IMH Venture GmbH, also in Berlin, where he was appointed partner and CFO after his initial role as an investment manager. Starting in 2003, Mr Lindow worked as investment director at Ergo Equity Partner AG. After a change in name of the company and a management buy-out, he was a shareholder in AVIDA Group GmbH as well as a commercial attorney-in-fact "Prokurist" of AVIDA Equity Partners GmbH until August 31, 2006, both located in Düsseldorf. His main emphasis was on the operative management of the Private Equity Fonds of Technivest Beteiligungsgesellschaft mbH & Co. KG, an existing shareholder of SAF AG. Since October 1, 2006 Mr Lindow joins the CMP Recovery Management GmbH in Berlin as Recovery Manager. On August 1, 2006, with the acceptance of this function he abandoned his mandate at AVIDA as well as the following beyond SAF AG: Member of the Supervisory Board at MAZ level one GmbH, Hamburg, Member of Advisory Board of MAZ Seed Invest GmbH, Hamburg and Member of Board of Diectors at Servista Ldt., London, Great Britain. Except for these activities and the mandates and activities listed in the above table and a position as managing director of IMH Mitarbeiterbeteiligungs GmbH, Berlin, which ended in 2003, Mr Lindow has not had a position in the last five years as a partner or member of an administrative, management or supervisory body of any enterprise outside the SAF group.