On September 30, 2004, the composition of the Supervisory Board had changed as follows in comparison to December 31, 2003:

By resolution of the annual shareholders’ meeting on April 30, 2004, Dr. Andreas Bereczky, Director of Production at German public-service TV broadcaster ZDF, Mainz, was elected to succeed Dr. Peter Lex on the Software AG Supervisory Board.

Karl-Heinz Hageni (employee representative) left the Supervisory Board on April 30, 2004. On June 25, 2004, employees elected Monika Neumann, chair of the General Works’ Council, Schliersee, as Mr. Hageni’s replacement.

Dr. Peter Mossack (research and development) left the Executive Board on July 31, 2004.

Gary Voight (Americas region) left the Executive Board on September 10, 2004.