DGAP-News

Software AG decides on a new share buyback program - Seite 2

relevant shareholders resolution of the Annual General Meeting of May 13,
2015 and applicable corporation stock law. The resolution states besides
others the following purposes:
a. Delivery of shares to the holders of warrants or convertible bonds.
b. The sale to third parties for the purpose of acquiring companies, parts
of companies and / or equity interests in companies or in the context of
corporate mergers.
c. Servicing of share option programs.
d. The recall of all or part of the treasury shares with or without
reduction of capital.

4) What is the impact of the share repurchase on the earnings per Share
(EPS) for 2015?
The reported EPS for fiscal 2015 will tend to increase - to the extent that
the treasury shares will reduce the current number of shares outstanding.

5) What is the effect of the repurchase program on the dividend?
a. No effect, Software AG's dividend policy remains unchanged.
b. The dividend policy is geared towards long-term and consistent dividend
payment.
c. The current cash-out ratio is in the corridor of 25-33 percent of the
average of net income and free cash flow.
d. Dividend for fiscal 2015 will be defined on the base of full year 2015
results in spring 2016.

6) What is the effect of the repurchase program on the acquisition strategy
of Software AG?
No effect, Software AG will continue to buy software companies that:
a. Bring technological additions to the product portfolio (technology
tuck-ins) or
b. Provide innovative kernels for further organic growth.

7) When will the share buyback program start?
a. First, Software AG will have to mandate a bank to implement the program.

b. Then, before the program begins, an additional communication will be
issued to the capital market.



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03.09.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Software AG
Uhlandstraße 12
64297 Darmstadt
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.softwareag.com
ISIN: DE0003304002
WKN: 330400
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


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392471 03.09.2015