Details of the person subject to the disclosure requirement Company: HP Vermögensverwaltungs GmbH & Co. KG Person performing managerial responsibilities, triggering the disclosure requirement for the legal person Details of the person performing managerial responsibilities 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: 21.04.2016 Price: not numberable Currency: EUR No. of items: Total amount traded: (max) 120000000 Place: - Explanation for publication: The notifying company entered into an agreement with a bank acting as commission agent assigned to sell every month SAP SE shares with a current market value of Euro 10,000,000. Sales will be executed at the sole discretion of the bank in the period starting April, 21, 2016 and ending April 20, 2017 via stock exchange during the selling period defined for each calendar month. This selling period generally comprises the first ten trading days of the calendar month as well as the remaining trading days of April 2016. The target price is the volume-weighted XETRA-average price of the SAP SE share on the relevant day of sale. The bank will not offer the SAP SE shares for sale unless a minimum price of Euro 55.00 per share is achieved. If sales are not carried out due to the failure to reach the minimum price the sale will be executed on another trading day in the respective calendar month. For each trading day on which the minimum price could not be reached within the respective monthly selling period the selling period will be extended by one additional trading day. However this will not go beyond the end of the respective calendar month or beyond April 20, 2017. The bank will not carry out any sale during statutory closed periods applicable to the notifying company. If due to a statutory closed period the selling period of a calendar month falls below five trading days it will be extended by five consecutive trading days following the end of the statutory closed period, even if they will be in the next calendar month. The number of shares sold is calculated as the ratio between the total amount traded and the actual price achieved for the sold shares. Information about the company with duty of publication Issuer: SAP SE Dietmar-Hopp-Allee 16 69190 Walldorf Germany ISIN: DE0007164600 WKN: 716460 End of Directors" Dealings Notification (c) DGAP 27.04.2016