WALLDORF, Germany — The Executive Board and the Supervisory Board of SAP AG (NYSE:SAP) recommend that shareholders approve a dividend of €0.50 (unchanged from previous year) per ordinary share at the Annual General Meeting of shareholders. If the shareholders approve this recommendation the total amount distributed in dividends would be approximately €594 million (based on the outstanding shares as of December 31, 2008), representing a pay-out ratio of 32%.
The Annual General Meeting is scheduled for May 19, 2009 at SAP Arena in Mannheim, Germany. The payment of the dividend is scheduled for or after May 20, 2009.
Note to holders of SAP ADRs (American Depositary Receipts): One SAP ADR (American Depositary Receipt) represents one SAP AG’s Ordinary share. However, the final dividend is dependent on the Euro/US-Dollar exchange rate. SAP AG pays cash dividends in Euro, so the exchange rate fluctuations will also affect the US-Dollar amounts received by the holders of ADRs on the conversion into US-Dollars of cash dividends paid in Euro on the ordinary shares represented by the ADRs. The final dividend payment by SAP AG to the depositary bank is scheduled for May 20, 2009. The depositary bank will then convert the dividend payment from Euro into US-Dollar as promptly as practicable.
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SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 82,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.”
The SAP® BusinessObjects™ portfolio transforms the way the world works by connecting people, information and businesses. With open, heterogeneous solutions in the areas of business intelligence; information management; governance, risk and compliance; and enterprise performance management, the SAP BusinessObjects portfolio enables organizations to close the gap between business strategy and execution.
For more information, visit www.sap.com.
(*) SAP defines business software as comprising enterprise resource planning and related applications.
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