Saba Delaying Filing; Sees Q3 Prelim Report Adjusted on Action

Saba SABA, the premier provider of people-centric enterprise solutions, today announced that as a result of the previously reported accounting review, Company management has determined, in consultation with the Audit Committee of the Company's Board of Directors, that the Company's annual financial results for fiscal years 2011 and 2010, and the quarterly results for the periods within such fiscal years and for the first and second quarters of fiscal year 2012, should be restated. In addition, the Company is assessing whether any adjustments will also be required with respect to the Company's financial statements for fiscal years 2009 and 2008.