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.

------------------------------------------------------------------------------

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: 11.01.2008

Price: 12.94

Currency: EUR

No. of items: 500

Total amount traded: 6470.00

Place: Frankfurt

Information about the company with duty of publication

Issuer: SAF-HOLLAND S.A.

68-70, boulevard de la Pétrusse

L-2320 Luxemburg

Luxemburg

ISIN: LU0307018795

WKN: A0MU70

End of Directors' Dealings Notification (c) DGAP 16.01.2008

Financial News transmitted by DGAP

ID 4935