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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


ISIN: DE0007164600

WKN: 716460

End of Directors" Dealings Notification 

(c) DGAP 21.11.2011
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