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Directors´ Dealings

Notification About Directors' Dealings

Dr. Gerhard Maier



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

First name: Dr. Gerhard

Company: SAP AG



Position: Member of an administrative or supervisory 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: Sale

Date: 15.11.2011

Price: 43.8294

Currency: EUR

No. of items: 12600

Total amount traded: 552250.44

Place: XETRA



Explanation for publication:



Sale of SAP shares acquired by exercise of stock options and convertible
bonds in connection with the SAP Long Term Incentive Plan 2001


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 21.11.2011
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