SOURCE: Santa Fe Holding Company, Inc.

December 15, 2008 16:48 ET

Santa Fe Cattle Co. Steakhouse Restaurant Opening in Bixby, Oklahoma on December 15, 2008

Bixby, OK Is the 28th Location for Santa Fe Cattle Co.

BIXBY, OK and NASHVILLE, TN--(Marketwire - December 15, 2008) - The popular and rapidly growing Santa Fe Cattle Co. (PINKSHEETS: SFHD) roadhouse style steak restaurant chain will officially open the doors to its 28th location at 4:00 p.m. in Bixby, Oklahoma, on Monday the 15th of December. The opening marks the 9th new unit the company has opened in 2008. Santa Fe Cattle Co. brings Bixby residents the opportunity to experience simply awesome food in a very distinctive down-home casual atmosphere at a reasonable price. The new store is part of publicly traded parent company, Santa Fe Holding Company's goal of nine new units in 2008; an additional 12 stores are slated for 2009.

"The Bixby community, just south of Tulsa, is experiencing tremendous growth. It is a perfect fit for us and marks our second unit in the Tulsa market. It is exciting to have the opportunity to work in such a positive, high energy atmosphere, which exists in the Bixby community," commented Jeremy Hammons, Vice President of Operations for Santa Fe Cattle Co.'s western markets.

The Bixby location is a part of Santa Fe Cattle Co.'s growth plans for the Tulsa market. Three additional units are planned for the market over the next two (2) years. The company's next unit for the Tulsa market is under construction in the Glenpool community and scheduled to open in February of 2009.

Construction began in July of 2008 on the Bixby, Oklahoma Santa Fe Cattle Company steakhouse located at 11982 South Memorial Drive, Bixby, OK. The project was developed by KMO of Tulsa and built by Clark Construction Company out of McComb, MS. It features the company's newly developed design, with space to seat 187 guests in a 5,941 square foot layout. The family-friendly restaurant chain currently operates in seven states, including locations in Ada and Broken Arrow, OK. Flourishing in spite of the troubled economy, the company's strong sales and revenue growth have established SFCC as one of the fastest growing concepts in the restaurant industry, with 57% growth in 2007. The company is projecting revenues of $56 million in 2008, a significant increase over its 2007 financial performance.

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.

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