Adjustment of the Conversion Price and Conversion Ratio of the convertible bonds maturing on September 12, 2020

Luxembourg, April 27, 2017 - The Annual General Meeting of SAF-HOLLAND S.A.

on April 27, 2017, approved a Cash Dividend payment of EUR 0.44 per share payable to the shareholders of SAF-HOLLAND S.A. on April 28, 2017. In accordance with the Terms and Conditions of the EUR 100,200,000 convertible bonds bearing 1.00% interest (ISIN: DE000A1ZN7J4), SAF-HOLLAND S.A. is hereby notifying the Bondholders that the Conversion Price and the Conversion Ratio have been adjusted.

Effective from April 28, 2017, the adjusted Conversion Price is EUR 12.0517 (previously EUR 12.1823), and consequently the adjusted Conversion Ratio is 8,297.5846 (previously 8,208.6306).