DGAP-DD: SAF-HOLLAND S.A. english

Notification concerning transactions by persons performing managerial

responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a company of EquityStory AG.

The person with duty of notification is solely responsible for the content of this announcement.

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Details of the person subject to the disclosure requirement

Company: ASAF Verwaltungs- GmbH

Person performing managerial responsibilities, triggering the disclosure requirement for the legal person

Details of the person performing managerial responsibilities

Position: Member of an administrative or supervisory body

Information about the transaction with duty of notification

Description of the financial instrument: Share

ISIN/WKN of the financial instrument: LU0307018795

Type of transaction: Purchase

Date: 28.08.2008

Price: 7.96871

Currency: EUR

No. of items: 15000

Total amount traded: 119530.65

Place: over the counter

Explanation for publication:

Ulrich Otto Sauer is member of the Board of Directors (Vice Chairman)

of SAF-HOLLAND S.A. und Chairman of the Board of SAF-HOLLAND GmbH

Information about the company with duty of publication

Issuer: SAF-HOLLAND S.A.

68-70, boulevard de la Pétrusse

L-2320 Luxembourg

Luxemburg

ISIN: LU0307018795

WKN: A0MU70

End of Directors' Dealings Notification (c) DGAP 02.09.2008

Financial News transmitted by DGAP

ID 7027