5. Events after the balance sheet date

The following relevant events occurred at Software AG after the balance sheet date: As of October 1, 2008, Holger Friedrich assumed his new position as Executive Board member with global responsibility for the Professional Services business at Software AG. The move will greatly reinforce the reorganized Professional Services business, placing it under the global leadership of an expert with more than 15 year experience. The goal is to expand the implementation competence of a number of software solutions and our consulting services, particular SOA and BPM, on a lasting basis.