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Directors´ Dealings

Notification About Directors' Dealings

Dr. Peter Zencke



Details of the person subject to the disclosure requirement
Last name: Zencke

First name: Dr. Peter

Company: SAP AG



Position: Member of a managing body



Information about the transaction with duty of notification


Description of the financial instrument: Share

ISIN/WKN of the financial instrument: DE0007164600
Type of transaction: Sell

Date: 15.08.2007

Price: 38.7071

Currency: EUR

No. of items: 180000

Total amount traded: 6967278.00

Place: XETRA



Explanation for publication:



Sale of shares in line with SAP Stock Option Plan 2002


Information about the company with duty of publication


Issuer: SAP AG

Dietmar-Hopp-Allee 16

69190 Walldorf

Deutschland

ISIN: DE0007164600

WKN: 716460





End of Directors" Dealings Notification (c) DGAP 16.08.2007
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