SAF-HOLLAND S.A.: New standstill agreement reached with banks

SAF-HOLLAND S.A. / Banking Syndicate

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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In the course of ongoing financing negotiations, SAF-HOLLAND and the banks
today signed a fixed-term standstill agreement. The trustee model proposed
by the banks on August 11 led to intensive further discussions. The company
has since put forward a revised alternative proposal to the banks. The
standstill agreement is effective until September 30, 2009 and should allow
the various models to be carefully evaluated and discussed. The objective
of both sides is to put SAF-HOLLAND on a solid financial footing.



Board of Directors
Luxembourg, August 28, 2009



Contact:
SAF-HOLLAND Group GmbH
Barbara Zanzinger
Hauptstraße 26
63856 Bessenbach

Phone +49 6095 301-617
barbara.zanzinger@safholland.de


28.08.2009  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, München, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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