Why Own Safeguard? - Full Value Yet to be Realized - Ownership Stakes in Exciting Partner Companies - Top Performance of Proven Team - Financial Strength, Flexibility and Liquidity - Strong Alignment of Interests Forward-Looking Statements Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K. Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.

1. Investor Presentation February 2012

3. The Safeguard Difference (NYSE: SFE) SIGNIFICANTLY UNDERVALUED

5. Experienced Team Peter J. Boni President and CEO Jim Datin EVP and Managing Director Brian Sisko SVP and General Counsel John E. Shave III VP, Corporate Communications and Business Development Steve Zarrilli SVP and CFO Prime Response Online Software International

6. The Company We Keep Alliances & Syndication Partnerships Technology & Life Sciences Advisory Boards SFE Board of Directors

7. Safeguard Today

8. Safeguard Positioning

10. Attractive Sectors * Represents % of Capital Deployed in Current Partner Companies.

11. Recent Success Stories * Includes Amounts Held in Escrow, if any, but not Earnout, where Applicable. ** Proceeds include $61M from Sale of CLRT Shares during Q3’09. *** Based on achievement of difficult earnout provisions. Return Potential Could Approach 8x*** Market Cap Increased 5x Acquired By Proceeds* Cash-on-Cash Return $36M 4x $146M 14x $36M 3x $208M** 3x

12. Revenue Stages

20. The Safeguard Difference (NYSE: SFE) SIGNIFICANTLY UNDERVALUED

21. February 2012 Investor Presentation