SAP AG: SAP AG Plans to Convert Legal Form to European Company

March 21, 2013 | SAP - Ad-hoc Announcements
SAP SE  / Key word(s): Legal Matter/Miscellaneous

21.03.2013 17:49

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Walldorf, March 21, 2013. Today the Supervisory Board of SAP AG approved
the proposal of the Executive Board to prepare the conversion of the legal
form of the company into a European Company (Societas Europaea, SE).

The Executive Board and the Supervisory Board believe that the planned
change of legal form reflects SAP's position as an internationally-oriented
company with European roots. The legal form European Company takes into
account SAP's European and international business activities. Furthermore,
this legal form offers the possibility to optimize both the corporate
governance structure and work of the corporate bodies of SAP AG. With the
conversion into an SE, the shareholders of SAP AG automatically become
shareholders of SAP SE. Shareholders' rights remain unchanged.

The conversion of legal form requires the approval of the shareholders.
This is planned to be secured at the Annual General Meeting of Shareholders
in 2014. By that time, negotiations with the European employees regarding
participation of employees in the SE, which are to be initiated by the
Executive Board based on today's decision, should be completed.


Information and Explanation of the Issuer to this News:

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

For more information, financial community only:
Stefan Gruber   +49 (6227) 7-44872, CET

Follow SAP Investor Relations on Twitter at @sapinvestor.

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Language:     English
Company:      SAP SE
              Dietmar-Hopp-Allee 16
              69190 Walldorf
Phone:        +49 (0)6227 - 74 74 74
Fax:          +49 (0)6227 - 75 75 75
ISIN:         DE0007164600
WKN:          716460
Indices:      DAX
Listed:       Regulated Market in Berlin, Frankfurt (Prime Standard),
              Stuttgart; Regulated Unofficial Market in Dusseldorf,
              Hamburg, Hanover, Munich; Terminbörse EUREX; NYSE
End of Announcement                             DGAP News-Service