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Outlook

Software AG can build on a solid business model as a strong foundation in economically difficult times. Our success factors include sustainable development in the maintenance business with two-digit growth rates, high revenue and earnings contributions in a new market with direct distribution in Brazil, as well as strong cash flow development.

Building on that, our current profitable growth should continue in fiscal year 2009 as well. Therefore, we confirm our forecast for fiscal year 2009, according to which revenue growth for the full year 2009 will amount to 4 to 8 percent. Both business divisions will contribute to it, with expected growth for ETS between 4 and 6 percent and for webMethods between 4 and 10 percent. Our EBIT margin is expected to reach between 24.5 and 25.5 percent in 2009.