SAF Tehnika

Earnings Release • Nov 4, 2009

SAF Tehnika JSC Interim Report for 3 Month FY 2009/2010

The JSC SAF Tehnika non-audited net sales for the first quarter of financial year 2009/2010 were 1 650 466 LVL (2 348 402 EUR), representing 69% from the first quarter of the previous financial year. The company’s products were sold in 53 countries. The number of CFM and CFQ products sold has decreased substantially as SAF’s clients are waiting for more sophisticated and upgraded CFIP products. The net loss of the company for the first quarter of financial year 2009/2010 was 183 634 LVL (261 288 EUR). The net loss mainly reflects lower sales due to a lack of funding for investments for SAF clients and increasing competition. The management is shifting the company’s strategy towards delivering more specialised niche products. The first step is the full introduction of an extensive CFIP product line and focussing on customer tailored solutions. The primary goal is to make the company’s business profitable again.

SAF Tehnika JSC Interim Report for 3 Month FY 2009/2010 can be found in the attachment.

Aira Loite

CFO

+371 67 046 833

Aira.Loite@saftehnika.com