SAF-HOLLAND SE

Board/Management Information • Dec 2, 2009

News Details

Ad-hoc | 2 December 2009 13:57

SAF-HOLLAND S.A.: Change in management at SAF-HOLLAND after successful refinancing

SAF-HOLLAND S.A. / Change of Personnel

02.12.2009

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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With the successful completion of SAF-HOLLAND's new financing agreement,
Dr. Reiner Beutel stepped down as Chief Executive Officer (CEO) and Member
of the Board of Directors effective with the Annual General Meeting on
December 18, 2009. Dr. Beutel has used his expertise to lead the Company
through a very difficult restructuring phase. The Board of Directors would
like to thank Dr. Beutel for his contribution. Dr. Reiner Beutel's
successor as CEO will be Mr. Rudi Ludwig. After the restructuring, one of
Rudi Ludwig's main tasks will be aligning the Company for growth. Rudi
Ludwig is a recognized expert in the industry and a Member of the Board of
Directors. Mr. Ludwig previously served as Chairman of SAF-HOLLAND's
Management Board from 2003 to January 2009.

Luxembourg, December 2nd, 2009
Board of Directors

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

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

02.12.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: 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

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