WALLDORF, GERMANY — SAP AG today announced that all of the agenda items at its annual general shareholder meeting on Thursday were approved with a large majority.
For the 2006 fiscal year, shareholders will receive a dividend of € 0.46 per ordinary share. This is a 27% increase over the previous year’s dividend. For 2006, SAP will pay out a total of about € 560 million (previous year: € 447 million), which equates to a dividend payout ratio of approximately 30% of SAP’s net income. The SAP shareholders also extended the authorization of the Executive Board of SAP AG to repurchase up to € 120 million treasury shares.
Further, the annual general meeting of shareholders elected a new Supervisory Board. The term of office for the shareholder representatives ends May 10, 2007, so new representatives were elected: Pekka Ala-Pietalä, Wilhelm Haarmann, Hartmut Mehdorn,
Joachim Milberg, Hasso Plattner, August-Wilhelm Scheer, Erhard Schipporeit and Klaus Wucherer.
About SAP
SAP is the world’s leading provider of business software*. Today, more than 39,400 customers in more than 120 countries run SAP® applications—from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver® platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol “SAP.” (Additional information at <http://www.sap.com>)
(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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