Shareholder Structure

As at December 31, 2014, SAP SE had issued 1,228,504,232 no-par shares (December 31, 2013: 1,228,504,232) with a calculated nominal value of €1 per share.

The shareholder structure of SAP is characterized by a wide distribution of share ownership. Applying the definition accepted on the Frankfurt Stock Exchange – which excludes treasury stock from the free float – the free float stood at 75.6% at the end of December 2014 (December 31, 2013: 74.7%). U.S. and Canadian investors (institutions and individual) remained the largest group of shareholders.