UPDATE: SAP Recommends €0.85/Share

The Executive Board and the Supervisory Board of SAP AG SAP recommend that shareholders approve a dividend of €0.85 per share for the fiscal year 2012 at the Annual General Meeting of shareholders. For fiscal year 2011, in addition to the regular dividend of €0.75 per share, SAP also paid a special dividend of €0.35 in celebration of SAP AG's 40^th anniversary. Without the consideration of the special dividend for 2011, the proposed dividend for fiscal year 2012 corresponds to a year-on-year dividend increase of €0.10, or 13%. If the shareholders approve this recommendation, the total amount distributed in dividends would be approximately €1.0 billion (2011: €0.9 billion excluding the special dividend and €1.3 billion including the special dividend), representing a pay-out ratio of 36% (2011: 26% excluding the special dividend and 38% including the special dividend).  The Annual General Meeting of Shareholders is scheduled for June 4, 2013 in Mannheim, Germany. The payment of the dividend is scheduled for on or after June 5, 2013.