DGAP-News

Strong approval of agenda items at the Annual General Meeting of SAF-HOLLAND S.A.

DGAP-News: SAF-HOLLAND S.A. / Key word(s): AGM/EGM/Miscellaneous Strong approval of agenda items at the Annual General Meeting of SAF-HOLLAND S.A. 27.04.2017 / 14:07 The issuer is solely responsible for the content of this announcement. Strong approval of agenda items at the Annual General Meeting of SAF-HOLLAND S.A.

- Dividend for the 2016 financial year increases by 10% to EUR 0.44 per share

- Carsten Reinhardt appointed to Board of Directors; appointment of Jack Gisinger is approved

- Authorized Share Capital and the authorization of the share buy-back program renewed for an additional five years

Luxembourg, April 27, 2017 - Today's Annual General Meeting of SAF-HOLLAND S.A. approved all of the Board of Director's proposals contained in the agenda items by a large majority. These included the presentation of the statutory financial statements and the consolidated financial statements for the 2016 financial year, together with the statutory management report and group management report, as well as the auditor's report and the discharge of the members of the Board of Directors. The Annual General Meeting also discharged the auditors, PricewaterhouseCoopers Société coopérative, for the 2016 financial year and reappointed them as the auditors for the current 2017 financial year.

Shareholders resolve a dividend increase of 10% to EUR 0.44 per share

In keeping with SAF-HOLLAND's sustainable dividend policy of distributing between 40% and 50% of the available net earnings to shareholders, the Annual General Meeting resolved a 10% higher dividend of EUR 0.44 per share (previous year: EUR 0.40) for the 2016 financial year. This amount is equivalent to a total distribution of EUR 20.0 million (previous year: EUR 18.1 million) and represents a payout ratio of 46.4% (previous year: 38.6%) of available net earnings.