Business Objects UK Limited, Maidenhead, United Kingdom 3)  SAP Finland Oy, Espoo, Finland  SAP ČR, spol. s r.o., Prague, Czech Republic  SAP Norge AS, Lysaker, Norway  SAP Portugal — Sistemas, Aplicações e Produtos Informáticos, Sociedade Unipessoal, Lda., Paço de Arcos, Portugal  SAP Polska Sp. z o.o., Warsaw, Poland  SAP SSC (Ireland) Limited, Dublin, Ireland  SAP Portals Israel Ltd., Ra’anana, Israel 1)  SAP Hungary Rendszerek, Alkalmazások és Termékek az Adatfeldolgozásban Informatikai Kft., Budapest, Hungary  SAP Labs Israel Ltd., Ra’anana, Israel  SAP Slovensko s.r.o., Bratislava, Slovakia  SAP Middle East and North Africa L.L.C., Dubai, United Arab Emirates  SAP Türkiye Yazilim Üretim ve Ticaret A.S., Istanbul, Turkey  Business Objects Italia S.p.A, Rome, Italy 3)  SAP HELLAS SYSTEMS APPLICATIONS AND DATA PROCESSING S.A, Athens, Greece  SAP LABS France S.A.S., Mougins, France  Systems Applications Products (Africa Region) (Proprietary) Limited, Woodmead, South Africa 1), 4)  SAP Business Services Center Europe, s.r.o., Prague, Czech Republic  Limited Liability Company SAP Ukraine, Kiev, Ukraine  SAP Labs Bulgaria EOOD, Sofia, Bulgaria  SAP Romania SRL, Bucharest, Romania  SAP Slovenia d.o.o., Ljubljana, Slovenia  Business Objects Ibérica, S.L., Madrid, Spain 3)  SAP EMEA Inside Sales S.L., Barcelona, Spain  SAP d.o.o., Zagreb, Croatia  SAP West Balkans d.o.o., Belgrade, Serbia  Limited Liability Company SAP Kazakhstan, Almaty, Kazakhstan  SAP Saudi Arabia Software Services Limited, Riyadh, Saudi Arabia  SAP Labs Finland Oy, Espoo, Finland 4)  Merlin Systems Oy, Espoo, Finland 1)  Business Objects Nordic A.B., Stockholm, Sweden 3)  SAP Ireland Limited, Dublin, Ireland  SAP Israel Ltd., Ra’anana, Israel  SAP Saudi Arabia Software Trading Limited, Riyadh, Saudi Arabia  SAP BULGARIA EOOD, Sofia, Bulgaria 1)  Crystal Decisions France S.A.S., Levallois Perret, France 3)  Business Objects Polska Sp. Zo.o., Warsaw, Poland 3)  SAP CYPRUS LTD, Nicosia, Cyprus 1)  Systems Applications Products Nigeria Limited, Abuja, Nigeria 1)  TomorrowNow (UK) Limited, Feltham, United Kingdom 1)  TomorrowNow Nederland B.V., Amsterdam, The Netherlands  SAP UAB (Lithuania), Vilnius, Lithuania  Visiprise UK Limited, Aberdeenshire, United Kingdom 3)  OutlookSoft Nederland, B.V., Rotterdam, The Netherlands 1)  Systems Applications Products (Africa) (Proprietary) Limited, Johannesburg, South Africa  
 

 
   OutlookSoft EURL, Paris, France 1)  SAP Latvia SIA, Riga, Latvia  SAP Estonia OÜ, Tallinn, Estonia  OutlookSoft Italia S.r.l., Milan, Italy 1)  Wicom Communications B.V., The Hague, The Netherlands 1)  Wicom Communications (UK) Limited, Guildford, United Kingdom  Ambin Properties (Proprietary) Limited, Woodmead, South Africa 1)  Khimetrics LTD, London, United Kingdom 1)  Virsa Systems Limited, Feltham, United Kingdom 1)  SAP Commercial Services Ltd., Valetta, Malta  SAP Malta Investments Ltd., Valetta, Malta  Maxware AS, Trondheim, Norway 1)  Maxware UK Limited, Feltham, United Kingdom 1)  OutlookSoft Limited, Feltham, United Kingdom 1)  Wicom Communications AB, Enebyberg, Sweden 1)  Merlin Communications Oy, Espoo, Finland 1)  SAP Business S.A.S., Paris, France 1)  Business Objects Holding S.A.S., Levallois-Perret, France 3)  Business Objects Holding B.V., s-Hertogenbosch, The Netherlands 3)  Armstrong Laing PLC, Maidenhead, United Kingdom 3)  Cartesis UK Limited, Maidenhead, United Kingdom 3)  Armstrong Laing (North America) Limited, Maidenhead, United Kingdom 3)  Business Objects Nihon B.V., Bilthoven, The Netherlands 3)  Crystal Decisions (Ireland) Limited, Dublin, Ireland 3)  Set Analyzer UK Limited, Maidenhead, United Kingdom 3)  Blue-Edge Software Limited, Maidenhead, United Kingdom 3)  Crystal Decisions UK Limited, Maidenhead, United Kingdom 3)  Crystal Decisions Holding Limited, Dublin, Ireland 3)  SRC Software UK Limited, Maidenhead, United Kingdom 3)  Inxight Software UK Limited, Maidenhead, United Kingdom 3)  Edgewing Limited, Maidenhead, United Kingdom 3)  Armstrong Laing B.V., Utrecht, The Netherlands 3)  Business Objects Software South Africa (Proprietary) Limited, Johannesburg, South Africa 3)  Business Objects Finland Oy, Espoo, Finland 3)  Millsgate Holding B.V., Amsterdam, The Netherlands 1)  Alexander Houtzeel Consultancy Inc., Monrovia, Liberia 3)     **AMERICAS**  SAP America, Inc., Newtown Square, Pennsylvania, USA  Business Objects Americas, Wilmington, Delaware, USA 3)  SAP Canada Inc., Toronto, Canada  SAP LABS, LLC, Palo Alto, California, USA 1)  SAP Brasil Ltda, São Paulo, Brazil  SAP Public Services, Inc., Washington, D.C., USA 1)  SAP México S.A. de C.V., Mexico City, Mexico  SAP Global Marketing, Inc., New York, USA  Business Objects Corporation, Saint John, Canada 3)  
 

 
   SAP Retail, Inc., Scottsdale, Arizona, USA 1)  SAP Andina y del Caribe C.A., Caracas, Venezuela  SAP ARGENTINA S.A., Buenos Aires, Argentina  SAP Governance Risk & Compliance, Inc., Palo Alto, California, USA 1)  OutlookSoft Corporation, Stamford, Connecticut, USA 1)  SAP International, Inc., Miami, Florida, USA 1)  Business Objects Data Integration, Inc., Wilmington, Delaware, USA 3)  Visiprise, Inc., Alpharetta, Georgia, USA 3)  TomorrowNow, Inc., Bryan, Texas, USA 1)  HMS Software, Inc., Alpharetta, Georgia, USA 3)  SAP Government Support & Services, Inc., Newtown Square, Pennsylvania, USA 1)  Business Objects do Brasil Ltda., São Paulo, Brazil 3)  Frictionless Commerce, Inc., Newtown Square, Pennsylvania, USA 1)  Triversity Corporation, Bristol, Pennsylvania, USA 1)  Business Objects de Mexico S. de R.L. de C.V., Mexico City, Mexico 3)  Cartesis Canada, Inc., Toronto, Canada 3)  Business Objects Chile Limitada, Santiago, Chile 3)  Maxware, Inc.,Newtown Square, Pennsylvania, USA 1)  INEA Corporation USA, Wilmington, Delaware, USA 3)  SAP Properties, Inc., Newtown Square, Pennsylvania, USA 1)  Visiprise International Holdings, Inc., Alpharetta, Georgia, USA 3)  Advance Info Systems, Inc., Thornhill, Canada 3)  Visiprise Canada, Inc., Montreal, Canada 3)  SAP Georgia LLC, Newtown Square, Pennsylvania, USA 1)  SAP Investments, Inc., Wilmington, Delaware, USA 1)  SAP Financial Inc., Toronto, Canada 1)  110405, Inc., Newtown Square, Pennsylvania, USA  Business Objects Option LLC, Wilmington, Delaware, USA 3)  Enterprise Performance Improvement Organizational Software Consultants Inc., Mississauga, Canada 3)  Business Objects Argentina S.R.L., Buenos Aires, Argentina 3)  Inxight Federal Systems Group, Inc., Wilmington, Delaware, USA 3)  Khimetrics Canada, Inc., Montreal, Canada 1)     **ASIA PACIFIC JAPAN**  SAP JAPAN Co., Ltd., Tokyo, Japan  SAP Australia Pty Limited, Sydney, Australia  SAP (Beijing) Software System Co., Ltd., Beijing, China  SAP INDIA PRIVATE LIMITED, Bangalore, India  SAP Asia Pte Limited, Singapore  SAP Labs India Private Limited, Bangalore, India  SAP Korea Limited, Seoul, South Korea  SAP MALAYSIA SDN BHD, Kuala Lumpur, Malaysia  SAP TAIWAN CO., LTD., Taipei, Taiwan  SAP New Zealand Limited, Auckland, New Zealand  SAP HONG KONG CO. LIMITED, Hong Kong, China  Business Objects Australia Pty Limited, Sydney, Australia 3)  SAP SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING (THAILAND) LTD., Bangkok, Thailand  
 

 
   Business Objects Japan K.K., Tokyo, Japan 3)  Business Objects Software India Private Limted, Bangalore, India 3)  PT SAP Indonesia, Jakarta, Indonesia  SAP PHILIPPINES, INC., Makati, Philippines  Business Objects Software (Shanghai) Co., Ltd., Shanghai, China 3)  SAP R&D Center Korea, Inc., Seoul, South Korea 1) 4)  TomorrowNow Singapore Pte Limited, Singapore 1)  TomorrowNow Australia Pty Limited, Sydney, Australia  SAP INDIA (HOLDING) PTE LTD, Singapore  SAPMarkets Asia Pacific Solutions Pte Limited, Singapore  Crystal Decisions (Hong Kong) Limited, Hong Kong, China 3)  Edgewing Australia Pty Limited, Sydney, Australia 3)  Business Objects Asia Pacific Pte Limited, Singapore 3)  Business Objects Korea Limited, Seoul, South Korea 3)  Business Objects Greater China Limited, Hong Kong, China 3)  Business Objects Malaysia Sdn. Bhd., Kuala Lumpur, Malaysia 3)     **II. EQUITY METHOD INVESTMENTS**  Procurement Negócios Eletrônicos S/A, Rio de Janeiro, Brazil 1)  ArisGlobal Holdings, LLC, Stamford, Connecticut, USA 1)  Greater Pacific Capital (Cayman), L.P., Grand Cayman, Cayman Islands   1) Represents a wholly or majority owned entity of a subsidiary. 2) Company with profit and loss transfer agreement. 3) Consolidated for the first time in 2008. 4) Restructured and/or renamed in 2008. 5) Company with profit and loss transfer agreement: Statement before the posting of profit/loss transfer forprevious year.
 

 
   **III. OTHER INVESTMENTS (ownership 5 or more percent)**  ABACO Mobile, Inc., Alpharetta, Georgia, USA  Apriso Corporation, Long Beach, California, USA  Avokia, Inc., Toronto, Canada  Connectiva Systems, Inc., New York, USA  Crossgate AG, Starnberg, Germany  Dacos Software GmbH, Saarbrücken, Germany  Datria Systems, Inc., Greenwood Village, Colorado, USA  Deutsches Forschungszentrum für Künstliche Intelligenz GmbH, Kaiserslautern, Germany  Human Resource Management & Consulting Co., Ltd.,Tokyo, Japan  Ignite Technologies, Inc., Frisco, Texas, USA  InnovationLab GmbH, Heidelberg, Germany  iTAC Software AG, Dernbach, Germany  iYogi Holdings Pvt. Ltd., Port Louis, Mauritius  Metallect Corp., Plano, Texas, USA  MVP Strategic Partnership Fund GmbH & Co. KG, Munich, Germany  Onventis GmbH, Stuttgart, Germany  Orbian Corporation Limited, Hamilton, Bermuda, USA  Particle Computer GmbH i.L., Karlsruhe, Germany  Post for Systems, Cairo, Egypt  Powersim Corporation, Herndon, Virginia, USA  Questra Corporation, Redwood City, California, USA  Qumu, Inc., Emeryville, California, USA  Realize Corporation, Kotoku, Tokyo, Japan  Retail Solutions, Inc., Sunnyvale, California, USA  Reva Systems Corporation, Chelmsford, Massachusetts, USA  Selero, Inc., Denver, Colorado, USA  SocialText, Inc., Palo Alto, California, USA  SupplyOn AG, Hallbergmoos, Germany  Venture-Capital Beteiligung GbR mbH (in Liquidation), Stuttgart, Germany  VoiceObjects Inc., San Mateo, California, USA  Zend Technologies Ltd., Ramat Gan, Israel