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Corporate Governance

German Securities Prospectus Act, s. 10

Every company listed on a German stock exchange must issue an annual document, that is to say: At least once a year it must publish a single document that contains or refers to certain information of interest to the financial markets that it has published in the preceding 12 months. The requirement is in the German Securities Prospectus Act, s. 10, which entered force July 1, 2007.

SAP AG published the following information in fiscal year 2008:

* If the link does not work, the documents to which this annual document refers are available free of charge from SAP AG Investor Relations
(e-mail: investor@sap.com).

Note: The documents to which this annual document refers may no longer be current. SAP does not have an obligation to update this information.

Want to learn more? Contact SAP Investor Relations.

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