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: shares

ISIN/WKN of the financial instrument: LU0307018795

Type of transaction: Sale

Date: 13.10.2011

Price: 3.701

Currency: EUR

No. of items: 300000

Total amount traded: 1104748.50

Place: Frankfurt

Explanation for publication:

ASAF GmbH has sold 300,000 shares in SAF-HOLLAND S.A. and will use the

funds for business purposes of ASAF GmbH. Following the sale of these

shares, ASAF GmbH continues to hold 1,584,775 shares in SAF-HOLLAND S.A.

Information about the company with duty of publication

Issuer: SAF-HOLLAND S.A.

68-70, boulevard de la Pétrusse

L-2320 Luxembourg

Großherzogtum Luxemburg

ISIN: LU0307018795

WKN: A0MU70

End of Directors' Dealings Notification

(c) DGAP 19.10.2011

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