SAP AG Plans to Convert Legal Form to European Company

Thu Mar 21, 2013 1:02pm EDT

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WALLDORF,  Germany,  March 21, 2013  /PRNewswire/ -- Today the Supervisory Board
of SAP AG approved the proposal of the Executive Board to prepare the conversion
of the legal form of the company into a European Company (Societas Europaea,

The Executive Board and the Supervisory Board believe that the planned change of
legal form reflects SAP's position as an internationally-oriented company with
European roots. The legal form European Company takes into account SAP's
European and international business activities. Furthermore, this legal form
offers the possibility to optimize both the corporate governance structure and
work of the corporate bodies of SAP AG. With the conversion into an SE, the
shareholders of SAP AG automatically become shareholders of SAP SE.
Shareholders' rights remain unchanged.

The conversion of legal form requires the approval of the shareholders. This is
planned to be secured at the Annual General Meeting of Shareholders in 2014. By
that time, negotiations with the European employees regarding participation of
employees in the SE, which are to be initiated by the Executive Board based on
today's decision, should be completed.  

About SAP  
As market leader in enterprise application software, SAP (NYSE: SAP) helps
companies of all sizes and industries run better. From back office to boardroom,
warehouse to storefront, desktop to mobile device - SAP empowers people and
organizations to work together more efficiently and use business insight more
effectively to stay ahead of the competition. SAP applications and services
enable more than 232,000 customers to operate profitably, adapt continuously,
and grow sustainably. For more information, visit

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For more information, press only:  
Christoph Liedtke  +49 (6227) 7-50383, CET  
Daniel Reinhardt  +49 (6227) 7-40201, CET  
Barbara Schaedler  +49 (6227) 7-50575, CET  
Jim Dever  +1 (610) 661-2161, ET  
Claudia Cortes  +65 6664-4450, SGT (GMT +8)

For more information, financial community only:  
Stefan Gruber  +49 (6227) 7-44872, CET  
Follow SAP Investor Relations on Twitter at @sapinvestor.


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