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Software AG GB 2012, englisch

52 SOFTWARE AG | ANNUAL REPORT 2012 FINANCIAL REPORTING STANDARDS AND AUDITING The 2012 Annual Shareholders’ Meeting again appointed BDO Wirtschaftsprüfungsgesellschaft, Hamburg, as Company auditor. BDO also advises the Company on individual tax matters in connection with tax returns and tax audits. No business, financial, personal or other relation- ships that could cast doubt on the independence of the audit firm have existed at any time between BDO, its corporate bodies, or audit managers and Software AG or the members of its corporate bodies. Pursuant to the Annual Shareholders’ Meeting resolution, the Supervisory Board, represented by the Chairman of the Audit Committee, appointed the auditor and agreed on the fee. In connection with the awarding of the contract, the Chairman of the Audit Committee has also agreed with the auditor to comply with the reporting duties pursuant to the German Corporate Governance Code. BDO participates in meetings of the Supervisory Board‘s Audit Committee concerning the financial statements and consolidated financial statements and reports on key audit findings. The Audit Committee had no doubt as to BDO’s independence when it commis- sioned the firm. PRIMARY AUDITORS’ FEES AND SERVICES Software AG’s general and administrative expenses include expenses for auditors’ fees paid to BDO AG, the Group auditor, totaling €822 thousand (2011: €729 thousand). Of this amount, €714 thousand (2011: €639 thousand) relates to the audit of the domestic entities’ and the Group’s financial statements, €7 thousand (2011: €17 thousand) to tax advisory services, €76 thousand (2011: €72 thousand) to other testation services, and €25 thousand (2011: €1 thousand) to other services (other audit services and audit-related advice). OPEN AND TRANSPARENT COMMUNICATION We communicate openly, transparently, comprehensively and in a timely manner with all market participants. In 2012 we further intensified communication with the capital market through participation in numerous investor conferences, road shows and other events for the capital market. A globally consistent corporate message is required to earn the trust of investors, analysts and journalists. Regulatory bodies and the media review publications and press releases for con- sistency and to ensure that laws and regulations are upheld. Our communications guidelines define how we handle corporate communication. They are published in the Investor Relations

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