SAP and FedEx Trade Networks Come Together to Ease Global Trade

SAP® Global Trade Services Customers to Receive Timely Customs Duty and Tax Information from More than 118 Countries

WALLDORF - April 22, 2004 - – SAP AG (NYSE: SAP) today announced a new agreement with FedEx Trade Networks, a subsidiary of FedEx Corp. (NYSE: FDX), to help companies drive cross-border trade efficiencies and thrive in the global marketplace. Companies will now have the opportunity to integrate and utilize worldwide duty and tax data from FedEx Trade Networks through SAP® Global Trade Services (SAP GTS), a cross- function business application that is powered by the open SAP NetWeaver™ integration and application platform.

FedEx Trade Networks and SAP are working together to help companies automate, standardize and enhance international trade processes. The seamless integration between FedEx Trade Networks, SAP GTS and the customers’ SAP or non-SAP enterprise resource planning system helps mitigate trade risks and allows for enhanced supply chain transparency. Trade compliance managers are now able to review and calculate imports and exports accurately, since the flow of goods is visible via SAP GTS. Automatic updates, including harmonized tariff system numbers and duties supplied by FedEx Trade Networks, support cross-border transactions that ensure trade compliance and accuracy.

“FedEx Trade Networks will now offer SAP GTS customers a competitive advantage with up-to-date customs duty and tax information from more than 118 countries worldwide,” said Ed Clark, president and CEO, FedEx Trade Networks. “Importers and exporters worldwide are now able to benefit from tariff schedules that are continuously collected, simplified, standardized and translated into English and uploaded into SAP GTS.”

SAP GTS customers now have the ability to purchase and utilize FedEx Trade Networks data to plan, bid, operate and audit duty and tax data more effectively. Maintained by WorldTariffSM, a FedEx Trade Networks product, the continually updated data enables SAP GTS customers to:

Enhance supply chain compliance by having access to accurate product classifications and corresponding duty and tax information in one central location
Audit product classifications in foreign markets ensuring subsidiaries (or affiliates) pay the lowest legal duty rate
Save money in global purchasing by choosing the lowest-priced vendor based on total landed cost, which includes prices, taxes and shipping costs

“Complying with trade regulations, expediting customs clearance and reducing overall costs of cross-border trade are critical goals for companies that seek to remain competitive in today’s market,” said Shai Agassi, member of the executive board, SAP. “With FedEx Trade Network’s duty and tax information, SAP GTS will help businesses further streamline international trade processes and drive enhanced customer service. This new relationship is representative of our commitment to providing a holistic global trade solution to our customers.”

“In addition to enhancing global compliance, having country-specific duty and tax information enables companies to make informed decisions related to their product planning and manufacturing site selection,” said Ed Clark. “It’s this kind of market intelligence that will allow SAP GTS customers to make more informed international business decisions and take advantage of new market opportunities.”

About SAP
SAP is the world’s leading provider of business software solutions. SAP® solutions are designed to meet the demands of companies of all sizes—from small and midsize businesses to global enterprises. Powered by the SAP NetWeaver™ open integration and application platform to reduce complexity and total cost of ownership and empower business change and innovation, mySAP™ Business Suite solutions are helping enterprises around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. The unique core processes of various industries, from aerospace to utilities, are supported by more than 25 industry-specific SAP solution portfolios. Today, more than 22,600 customers in over 120 countries run more than 76,100 installations of SAP® software. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol “SAP.” (Additional information at <http://www.sap.com>)

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 Annual Report on Form 20-F for 2003 filed with the SEC on March 23, 2004. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serves informational purposes only. National product specifications may vary.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24>
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For more information, press only:
Lindsey Held, SAP, +1 (650) 823-7030, lindsey.held@sap.com, PDT
Roland Edwards, SAP, +49 (6227) 7-44425, roland.edwards@sap.com, CET
Liana Sucar, FedEx, +1 (901) 434-7782, liana.sucar@fedex.com, CDT
Ashish Patel, Burson-Marsteller, +1 (415) 591-4177, ashish_patel@sfo.bm.com, PDT
Gabriele Thoering, Burson-Marsteller, +49 (69) 23809-39, gabriele_thoering@de.bm.com, CET