Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] and Art. 8 and 9 of Transparency Law of Great-Duchy of Luxembourg
ANNEXE A: Standard form for notification of major holdings
Form to be used for the purposes of notifying a change in major holdings
pursuant to the modified law and grand-ducal regulation of 11 January 2008
on transparency requirements for issuers of securities (referred to as 'the
Transparency Law' and 'the Transparency Regulation')
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to
the CSSF) (i)
1. Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached (ii):
SAF HOLLAND SA
2. Reason for the notification (please tick the appropriate box or boxes):
[X] An acquisition or disposal of voting rights
[ ] An acquisition or disposal of financial instruments
[ ] An event changing the breakdown of voting rights
[ ] Other (please specify) (iii):
3. Details of person subject to the notification obligation (iv):
Name: Franklin Templeton Investment Management Limited
City and country of registered office (if applicable):
London, England
4. Full name of shareholder(s) (if different from 3.) (v):
5. Date on which the threshold was crossed or reached (vi): 15/11/2016
6. Total positions of person(s) subject to the notification obligation:
| % of voting | ||||
| % of voting | rights | Total of | Total number | |
| rights attached | through | both in % | of voting | |
| to shares (total | financial | (7.A + | rights of | |
| of 7.A) | instruments | 7.B) | issuer (vii) | |
| (total of | ||||
| 7.B.1 + | ||||
| 7.B.2) | ||||
| Resulting situation | ||||
| on the date on | ||||
| which threshold | 4.92% | 0.00% | 4.92% | 45,361,112 |
| was crossed or | ||||
| reached | ||||
| Position of | ||||
| previous | 5.15% | 5.15% | ||
| notification (if | ||||
| applicable) | ||||
7. Notified details of the resulting situation on the date on which the
threshold was crossed or reached (viii):
A: Voting rights attached to shares
| Class/type of | ||||
| shares | Number of | voting rights (ix) | % of | voting rights |
| Direct | Indirect | Direct | Indirect | |
| ISIN code (if | ||||
| possible) | (Art 8 of the | (Art 9 of the | (Art 8 of the | (Art 9 of the |
| Transparency | Transparency | Transparency | Transparency | |
| Law) | Law) | Law) | Law) | |
| Ordinary | LU0307018795 | 2,232,856 | 4.92% | |
| SUBTOTAL A | 2,232,856 | 4.92% | ||
| (Direct & Indirect) | ||||
B 1: Financial Instruments according to Art. 12(1)(a) of the Transparency
Law
| Number of voting | ||||
| rights that may be | ||||
| Type of | Expirat- | Exercise/ | acquired if the | % of voting rights |
| financial | ion | Conversion | instrument is exer- | |
| instrument | date (x) | Period (xi) | cised/ converted. | |
| SUBTOTAL B.1 | 0 | 0.00 | ||
B 2: Financial Instruments with similar economic effect according to Art.
12(1)(b) of the Transparency Law
| Exercise/ | ||||
| Type of | Expiration | Conversion Physical or | Number of | % of |
| financial | date(x) | Period(xi) cash | voting | voting |
| instrument | settlement(xii) | rights | rights | |
| SUBTOTAL B.2 | 0 | 0.00 | ||
8. Information in relation to the person subject to the notification
obligation (please tick the applicable box):
[X] Person subject to the notification obligation is not controlled by any
natural person or legal entity and does not control any other
undertaking(s)holding directly or indirectly an interest in the
(underlying) issuer. (xiii)
[ ] Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entity (xiv):
| No. | Name | % of voting | % of voting rights Total of both | Directly |
| xv | rights held | through financial | controlled | |
| by ultimate | instruments held | by (use | ||
| controlling | by ultimate | number(s) | ||
| person or | controlling person | from 1st | ||
| entity or held | or entity or held | column) | ||
| directly by | directly by any | |||
| any subsidiary | subsidiary if it | |||
| if it equals or | equals or is higher | |||
| is higher than | than the notifiable | |||
| the notifiable | threshold | |||
| threshold | ||||
| 0.00 | ||||
| 0.00 | ||||
| 0.00 | ||||
| 0.00 | ||||
| 0.00 | ||||
9. In case of proxy voting:
The proxy holder named [ ] will cease to hold [ ]% and number [ ] of
voting rights as of [ ].
10. Additional information (xvi):
Done at Fort Lauderdale, FL U.S.A. on 17/11/2016.