WALLDORF, Germany - January 30, 2003 - SAP AG today announced its preliminary financial results for the full year ended December 31, 2002. For the year 2002, operating income increased to &1.6 billion (2001: &1.3 billion). Operating income, before charges for stock-based compensation programs and charges for material acquisitions, increased by 15% to &1.7 billion (2001: &1.5 billion). The operating margin, before stock-based compensation programs and charges for material acquisitions, increased by nearly three percentage points to 22.7% (2001: 20%). Total revenues for the year 2002 were up 1% to &7.4 billion (2001: &7.3 billion).

Despite the continuing unpredictable political and economic environment, the Company expects that it will continue to gain market share and increase profitability in 2003. Based on modest revenue growth, continued cost containment, and customer buying patterns in line with normal business seasonality, the Company expects to increase its 2003 operating margin, excluding charges for stock-based compensation programs and acquisition-related charges, by around 1 percentage point compared to 2002. Earnings per share for 2003, excluding charges for stock-based compensation programs, acquisition-related charges, and impairment-related charges, are expected to be in the range of &3.45 per share to &3.60 per share.

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 dates.