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Independent Auditor’s Report

To SAP SE

Report on the Consolidated Financial Statements

We have audited the accompanying consolidated financial statements of SAP SE, Walldorf (‘SAP’ or ‘the Company’), and its subsidiaries, which comprise the consolidated statement of financial position as at December 31, 2015, consolidated income statement, consolidated statement of comprehensive income, consolidated statement of changes in equity, consolidated statement of cash flows, and notes, for the year then ended.

Executive Board’s Responsibility for the Consolidated Financial Statements

The Executive Board of SAP SE is responsible for the preparation of these consolidated financial statements. This responsibility includes preparing these consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), as adopted by the EU, and the additional requirements of German commercial law pursuant to Section 315a (1) of the German Commercial Code [HGB], as well as IFRS as adopted by the International Accounting Standards Board, to give a true and fair view of the consolidated financial position of the Group and of its financial performance and cash flows in accordance with these regulations. The Executive Board is also responsible for the internal controls that the Executive Board determines are necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Section 317 HGB and the generally accepted standards for the audit of financial statements promulgated by the German Institute of Public Auditors [IDW] and also in compliance with the International Standards on Auditing (ISA) and guidelines of the Public Company Accounting Oversight Board (United States).

Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The selection of audit procedures depends on the auditor’s professional judgment. This includes the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In assessing those risks, the auditor considers the internal control relevant to the entity’s preparation of the consolidated financial statements that give a true and fair view. The aim of this is to plan and perform audit procedures that are appropriate in the given circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Executive Board, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Audit Opinion

Pursuant to Section 322 (3) sentence 1 HGB we state that our audit of the consolidated financial statements has not led to any reservations.

In our opinion, based on the findings of our audit, the consolidated financial statements comply in all material respects with IFRSs, as adopted by the EU, and the additional requirements of German commercial law pursuant to Section 315a (1) HGB as well as IFRS as adopted by the International Accounting Standards Board and give a true and fair view of the consolidated financial position of the Group as at December 31, 2015, and of its financial performance and cash flows in accordance with these regulations.

Report on the Group Management Report

We have audited the accompanying Group Management Report of SAP SE combined with the Management Report of SAP SE (’Group Management Report’) for the financial year ended December 31, 2015.

Executive Board’s Responsibility for the Group Management Report

The Executive Board of SAP SE is responsible for the preparation and fair presentation of the Group Management Report. This responsibility includes preparing the Group Management Report in accordance with the provisions of German commercial law under Section 315a (1) HGB, German Accounting Standards number 17 and 20 (GAS 17, GAS 20) and the International Financial Reporting Standard (IFRS) Practice Statement Management Commentary.

Auditor’s Responsibility

Our responsibility is to express an opinion on this Group Management Report based on our audit. We conducted our audit in accordance with Section 317 (2) HGB and the generally accepted standards for the audit of group management reports promulgated by the German Institute of Public Auditors. Accordingly, we are required to plan and perform the audit of the group management report to obtain reasonable assurance about whether the group management report is consistent with the consolidated financial statements and the audit findings, as a whole provides a suitable view of the Group’s position and suitably presents the opportunities and risks of future development.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Audit Opinion

Pursuant to Section 322 (3) sentence 1 HGB, we state that our audit of the Group Management Report has not led to any reservations.

In our opinion, based on the findings of our audit of the consolidated financial statements and of the group management report, the group management report is consistent with the consolidated financial statements, and as a whole provides a suitable view of the Group’s position and suitably presents the opportunities and risks of future development.

Report on the System of Internal Control over Consolidated Financial Reporting pursuant to PCAOB

We have audited the system of internal control over consolidated financial reporting of SAP SE and its subsidiaries in place as at December 31, 2015. This control system is based on criteria set out in the Internal Control – Integrated Framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) (version of 2013).

Executive Board’s Responsibility for the Internal Control System

SAP SE’s Executive Board is responsible for maintaining an effective system of internal control over consolidated financial reporting and assessing its effectiveness, which is included in the Executive Board’s report on the system of internal control over consolidated financial reporting.

A company’s system of internal control over consolidated financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting in the consolidated financial statements and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s system of internal control over consolidated financial reporting includes policies and procedures to (1) ensure an accounting system that in reasonable detail accurately and fairly reflects the transactions and dispositions of the company’s assets, (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect material misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Auditor’s Responsibility

Our responsibility is to express an opinion on the system of internal control over consolidated financial reporting based on our audit. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether effective internal control over consolidated financial reporting was maintained in all material respects. Our audit of internal control over consolidated financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk of material deficiencies in internal control, testing and evaluating the design and operating effectiveness of internal control based on this assessment, and performing such other procedures as we considered necessary in the circumstances.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Audit Opinion

In our opinion, SAP maintained effective internal control over consolidated financial reporting as at December 31, 2015 based on the criteria set out in the Internal Control – Integrated Framework issued by COSO (in the version of 2013).

Mannheim, February 25, 2016

KPMG AG

Wirtschaftsprüfungsgesellschaft

Dr. Böttcher

Wirtschaftsprüfer

[German Public Auditor]

Weise

Wirtschaftsprüfer

[German Public Auditor]

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