Software AG has entered into rental and leasing
contracts for buildings, real estate, IT and PBX
systems, and vehicles. Obligations from these
contracts (where the contracts are still within their
minimum durations) until the end of fiscal 2004
total €13,482 thousand. Obligations until the end
of fiscal 2008 total €29,919 thousand. The leasing
contracts are operating leases as defined by IAS 17.