Every company listed on a German stock exchange must issue an annual document, that is to say: At least once a year it must publish a single document that contains or refers to certain information of interest to the financial markets that it has published in the preceding 12 months. The requirement is in the German Securities Prospectus Act, s. 10, which entered force July 1, 2006.

SAP AG published the following information in fiscal year 2007:

• 2007 Financial reports
• Financial reports for full fiscal year 2006
• 2007 Documents related to General Meetings of Shareholders
• Dividend announcement for fiscal year 2006
  (May 10, 2007)
• 2007 Financial calendar
• Ad-hoc news required by the German Securities Trading Act, s. 15
  • SAP Announces 2006 Preliminary Results
    (January 11, 2007)
  • SAP Announces Business Outlook 2007
    (January 24, 2007)
  • Agreement on friendly takeover of Business Objects S.A. by SAP AG
    (October 10, 2007)
• Directors' dealings notices required by the German Securities Trading Act, s. 15a
• Public notices concerning voting interests in SAP AG
  • Public notice of March 21, 2007:
    Dr. h.c. Tschira Beteiligungs GmbH & Co. KG at 4.9985%
  • Public notice of July 3, 2007:
    Dr. h.c. Klaus Tschira at 9.81% and Klaus Tschira Stiftung gGmbH at 4.69%
  • Public notice of September 14, 2007:
    Dr. h.c. Tschira Beteiligungs GmbH & Co. KG at 5.083%
  • Public notice of November 28, 2007:
    Dr. h.c. Tschira Beteiligungs GmbH & Co. KG at 2.63% and Klaus Tschira Stiftung gGmbH at 6.30%
• Announcements required pursuant to German securities laws
  • Announcement concerning cancelation of shares and reduction of capital stock
    (September 7, 2007)
  • Announcements relating to a public offer for the shares of Business Objects S.A.
    (third-country announcements in the meaning of the German Securities Trading Act (WpHG), section 30e (1)(3):
    • Public notice of October 23, 2007 and
    • Public notice of October 26, 2007
  • Public notices required pursuant to U.S. securities laws*

* If the link does not work, the documents to which this annual document refers are available free of charge from SAP AG Investor Relations
(e-mail: investor@sap.com).

Note: The documents to which this annual document refers may no longer be current.