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Software AG GB 2012, englisch

54 SOFTWARE AG | ANNUAL REPORT 2012 Changing Voting Shares (Pursuant to Section 26 (1) of the Securities Trading Act (WpHG)) Pursuant to the German Law to Implement Transparency Guidelines (TUG), the threshold for issuing a mandatory disclosure concerning shareholdings in listed companies was reduced to three percent of the voting rights, effective January 20, 2007. In accordance with legislation to improve investor protection and functionality of the capital market (Investor Protection and Functionality Improvement Act—AnlSVG) from April 5, 2011, paragraphs 4d and 4e were added to Section 41 of the Securities Trading Act (WpHG). This required holders of financial and other instruments as defined by Section 25a of the WpHG, which, due to their terms, enabled the holder to acquire five percent or more of shares associated with voting shares that had already been issued by an issuer originating in the Federal Republic of Germany, to submit a stock declaration as of February 1, 2012. Shares had to be added together pursuant to Sections 21, 22 and 25 of the WpHG. Moreover, Section 25a was also added to the WpHG, which requires ongoing disclosure when further financial and other instruments are being held. As a result, identification of large shareholders and holders of further financial and other instruments has improved. For further information on Software AG’s shareholder structure, please refer to the section on Software AG Stock. Disclosures on changes to voting shares in fiscal 2012 pursuant to Section 26 (1) of the Securities Trading Act (WpHG) are published on the Software AG website at: