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14.04.2004 – 15:02

Software AG

euro adhoc: Software AG
Software AG sells SAPSI-stake to SAP (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Darmstadt/Walldorf,  14 April 2004. Software AG, Darmstadt (SOW) is
to sell its total holding of 1,272,100 shares of SAP System
Integration AG, Dresden (SAPSI) to SAP AG, Walldorf.  The agreement
was signed today. SAP will pay Euro 20.40 per share, a total of Euro
25,950,840. The price per share equals the public offering, which was
announced by SAP on 23 March 2004.
The transaction should be completed within the next few days.
Software AG will increase liquid funds by Euro 26 million and show an
additional profit after tax of Euro 24 million (Euro cent 88 per
share) in the second quarter of 2004.
end of announcement        euro adhoc 14.04.2004

Further inquiry note:

Otmar F. Winzig
VP Investor Relations
Tel.: +49 (0)6151 92 1669
Fax: +49 (0)6151 92 1933

Branche: Software
ISIN: DE0003304002
WKN: 330400
Index: CDAX, HDAX, Midcap Market Index, Prime All Share, Prime Standard, TecDAX, Technologie
All Share
Börsen: Frankfurter Wertpapierbörse / official dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade