SAF-HOLLAND Maintaining Modest Growth Course

SAF-HOLLAND S.A. / Profit Warning

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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SAF-HOLLAND S.A. is continuing its growth trend even in the 2008 fiscal
year. However, the increase in sales and earnings will be weaker than
originally forecasted. The determining factors behind this are the
repercussions of the financial crisis, the volatile trend for commodity
prices, and in particular, the continuing high level of the diesel price.
Based on the development of business in the third quarter of 2008 and the
insights gained from the IAA in Hanover, the Company is now expecting an
increase in sales of up to 5% to around EUR 850 million (previous year: EUR
812.5 million) and an adjusted EBIT margin at approximately the same level
as the previous year.

A solid business model with an internationally oriented strategy and a
leading market position in the most important core markets are contributing
to the growth of the Company. On October 6, SAF-HOLLAND successfully
achieved an important milestone by completing the acquisition of Georg
Fischer Verkehrstechnik GmbH. By acquiring the number two manufacturer of
fifth wheels, trilex wheels, and kingpins in the European market, the
Company has rounded out its product range in Europe and positioned itself
as an international supplier and partner of the truck industry around the
world.

SAF-HOLLAND has already introduced a package of measures aimed at reducing
costs, which includes not only a reduction in net working capital but also
the consolidation of investments and a cutback in logistics and personnel
expenses. The Company can additionally take advantage of its flexible
structuring and thus quickly implement the measures.

For 2009, in addition to positive developments from acquisitions and axle
production in North America beginning in the fourth quarter, SAF-HOLLAND
expects further growth from the Brazilian, Chinese, and Russian markets.
The Company already has in hand signed declarations of intent for large
orders from North American and Chinese manufacturers across the entire
range of products. This confirms SAF-HOLLAND’s strong position as a
comprehensive supplier of product systems. SAF-HOLLAND will provide a more
detailed forecast when it announces third-quarter results on November 19.

Board of Directors
Luxembourg, October 9, 2008
09.10.2008  Financial News transmitted by DGAP
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Language:     English
Issuer:       SAF-HOLLAND S.A.
              68-70, boulevard de la Pétrusse
              L-2320 Luxembourg
              Luxemburg
Phone:        +49 6095 301 - 0
Fax:          +49 6095 301 - 260
E-mail:       info@safholland.de
Internet:     www.safholland.com
ISIN:         LU0307018795
WKN:          A0MU70
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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