Ad-hoc | 11 November 2004 16:48

SAPDeutschland considers alternatives to subordination profit-transfer agreement

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– SAP Deutschland considers alternatives to subordination profit-transfer agreement Dresden, November 11, 2004. SAP Deutschland AG & Co. KG, Walldorf (SAP Germany), a wholly owned subsidiary of SAP Aktiengesellschaft Systeme, Anwendungen, Produkte in Datenverarbeitung, Walldorf (SAP), has informed SAP Systems Integration AG (SAP SI), Dresden, that it is consideríng, without the prospect of an imminent decision, alternatives to the conclusion of a subordination and profit-transfer agreement. Preparations for the conclusion of a subordination and profit-transfer agreement and for a delisting of SAP SI shares from the Frankfurt Stock Exchange have been suspended. SAP SI and SAP Deutschland will consistently proceed with intensifying their co-operation. Further information: Joachim Mueller CFO SAP SI AG +49 6251 708-2020 investor@sap-si.com end of ad-hoc-announcement (c)DGAP 11.11.2004 ——————————————————————————– WKN: 501111; ISIN: DE0005011118; Index: Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 111648 Nov 04