SAP and Siemens Financial Services Make Financing SAP® Solutions Easier and More Affordable

SAP Financing Operated by Siemens Financial Services Provides All-Inclusive, Predictable Financing Options for Enterprises Investing in SAP Solutions

WALLDORF and MUNICH, Germany - October 05, 2005 - SAP AG (NYSE: SAP) and Siemens Financial Services (SFS), the Siemens Group responsible for the implementation of financial solutions, today announced simple, affordable and all-inclusive financing for existing and prospective SAP customers of all sizes. Marketed through “SAP Financing” and delivered through SFS, the new financial services are tailored to meet the specific cash-flow requirements of the customer and conveniently cover the costs of software, hardware, internal and external implementation services and maintenance during project installation for SAP® solutions. SAP Financing is immediately available in 13 countries, with others to be added over time, through all SAP sales channels, including channel partners and system integrators.

At a time when companies are ever more careful with their business investments, financing questions can complicate decisions about adopting new business management solutions. SAP Financing addresses these issues by combining all relevant costs into a quantifiable monthly payment. The financing offer simplifies the budgeting process and helps customers more accurately predict the total cost and return on investment over the entire life cycle of their software solutions.

“This strategic agreement is an excellent step to strengthen the cooperation between Siemens and SAP,” said Heinz-Joachim Neubürger, chief financial officer, Siemens AG. “Financial Services are an important element of Siemens’ portfolio and therefore, this agreement represents a key milestone for SFS to tap into new customer groups.”

Long-term costs associated with an SAP solution are calculated for a period of up to seven years, enabling companies to plan their long-term IT investments and better understand the opportunity for lowering total cost of ownership (TCO). Further, companies will be able to get financing information quickly and easily through the “Investment Calculator” tool, without the need for a third-party financing expert.

“We are pleased to offer companies across the globe all-inclusive financing options and enhanced visibility into both the long-term costs and benefits of SAP solutions,” said Léo Apotheker, president, Customer Solutions and Operations, and member of the executive board, SAP AG. “We look forward to working with Siemens Financial Services so that our customers will have a qualified source for easy, affordable and predictable financing.”

SAP Financing will initially target countries including Australia, Brazil, China, France, Germany, India, Italy, Mexico, Poland, Russia, Spain, the United Kingdom and the United States, with availability in approximately 40 countries expected by mid-2006.

About Siemens Financial Services
With some 1,600 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, the Siemens Financial Services (SFS) Group offers a broad range of financial services. This covers activities from sales and investment financing to treasury services, fund management and insurance brokerage. SFS’ key customers are above all internationally active industrial and services companies, as well as public-sector operators. SFS supervises 21 leasing companies plus a range of partner companies worldwide. Further information under: http://www.siemens.com/sfs

About SAP
SAP is the world’s leading provider of business software solutions*. Today, more than 28,200 customers in over 120 countries run more than 96,400 installations of SAP® software—from distinct solutions addressing the needs of small and midsize enterprises to suite solutions for global organizations. Powered by the SAP NetWeaver® platform to drive innovation and enable business change, mySAP™ Business Suite solutions are helping enterprises around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP industry solutions support the unique business processes of more than 25 industry segments, including high tech, retail, public sector and financial services. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol “SAP.” (Additional information at http://www.sap.com)

(*) SAP defines business software solutions as comprising enterprise resource planning and related software solutions such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.

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Jason Loesche

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SAP

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