SOURCE: Santa Fe Holding Company, Inc.

February 13, 2009 09:30 ET

Multi-Billion Dollar Private Equity Fund Makes Additional Investment in Santa Fe Holding Company

BRENTWOOD, TN--(Marketwire - February 13, 2009) - Santa Fe Holding Company (PINKSHEETS: SFHD), the parent company of Santa Fe Cattle Co., announced today that two private equity funds with assets totaling more than $5 billion under management have purchased $3 million of convertible debenture securities and warrants from the company. Santa Fe Holding Co. is a restaurant holding company which currently owns and operates 30 Santa Fe Cattle Co. restaurants located throughout 7 states.

Midtown Partners & Co. has been engaged by the company to assist in many different areas of strategic financing for the company. "We continue to raise capital to facilitate expansion at a faster pace," states Danny York, Chairman, "But it has been important to us that any capital raised is done on a friendly basis and fair to the company and our shareholders." Midtown has done an excellent job for us in finding strategic partners who understand our true potential and are interested in investing with us for the long term. Mr. York added, "The two funds that have recently taken positions in the company did so in a convertible security which can be converted to restricted common stock at any time. This is the same type of investment these funds have made with Santa Fe in the past and have converted their past positions into equity. These investment groups have continued to show a commitment to the long term success in Santa Fe. Their continued support gives us the time and resources to execute our growth strategy and build shareholder value."

"The additional capital will give us the ability to lock up additional locations for 2009 and the flexibility to add additional locations in 2009 if the right opportunity presents itself," says Mr. York. The company has opened two new locations in January and expects to open 4 additional company stores and 4 franchise units. Mr. York went on to say, "We will always be open to additional equity investments in our company as long as the capital is committed to staying with us long term and the terms of the investment is not only fair to our current shareholders but adds value to the overall enterprise."

Investors can learn more about the company, the food, and store locations on our website: www.santafecattle.com.

About Midtown Partners & Co., LLC

Originally founded in May 2000, Midtown Partners & Co., LLC is an investment bank focused on private placement investment banking opportunities. The investment banking group at Midtown Partners & Co., LLC was founded on the premise that client relationships and industry focus are keys to the success of emerging growth companies. Such companies require investment banking services from a firm with a unique understanding of the marketplace and the nature of these transactions. Midtown Partners was the 5th leading U.S. placement agent in number of closed PIPE transactions for 2008 (source Placementtracker.com). Additional information can be found at http://www.midtownpartners.com.

About Santa Fe Holding Co.

Publicly traded Santa Fe Holding Company (PINKSHEETS: SFHD), of Brentwood, Tenn., operates Santa Fe Cattle Co., one of the nation's fastest growing casual dining "roadhouse" steak restaurant chains. Started in 1996, it provides customers with a unique blend of perfectly aged USDA Choice steaks, ribs, fajitas, Texas Hill Country-influenced homemade sauces and dressings, and mouth-watering Chuck Wagon favorites developed exclusively for the company. Each restaurant's distinctive signature decor includes a Big Ass Fan, which can be seen on their website at www.bigassfans.com. This unique atmosphere creates a fun, nostalgic, down-home, family-oriented atmosphere reminiscent of the Old West with simply awesome food, amazingly friendly service -- all at a reasonable price. For more information, visit: www.santafecattle.com.

Safe Harbor

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the markets, variations in the company's cash flow, competition, availability and cost of materials and labor and suitable real estate locations, and other risk factors.

To receive email updates on Santa Fe Holding Co. financials, news and events, please send an email with your first and last name, phone number, firm name and the subject: "SFHD email update request" to investorrelations@santafecattle.com.

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