INVESTOR RELATIONS CENTER

SAP SE

Analyst Coverage

Institut Analyst
Arete Research Services LLP Shepherd, Adam J.
Baader Bank AG Woller, Knut
Bank of America Boulan, Frederic
Barclays Capital Merkt, Sven
Barclays Capital Inc. Lenschow, Raimo
BERNSTEIN Societe Generale Group Moerdler, Mark L. Nguyen, Richard
BMO Capital Bachman, Keith
Citi Investment Research (Europe) Gardiner, Andrew M.
Cowen & Co. Wood, Derrick
Deutsche Bank Schaller, Johannes
DZ Bank AG Kremser, Armin
Edward Jones Miedler, Andrew T.
Evercore Partners Materne, Stewart K.
Exane BNP Paribas (UK) Castillo Bernaus, Ben
Goldman Sachs International Moawalla, Mohammed E.
HSBC Securities (France) Baudry, Antonin
Jefferies Brennan, Charles
JMP Securities LLC Walravens, Patrick D.
Joh. Berenberg, Gossler & Co. Naing, Nay Soe
JPMorgan Cazenove Limited Ogg, Toby
Kepler Cheuvreux Daure, Laurent
KeyBanc Capital Markets Ader, Jackson
Landesbank Baden-Württemberg Maier, Mirko
B. Metzler seel. Sohn & Co. Frey, Oliver
Morgan Stanley & Co. International Limited Wood, Adam D.
Morningstar Gogia, Sunit
NORD/LB Norddeutsche Landesbank Donie, Wolfgang
Oddo BHF David, Nicolas
Oppenheimer & Co. Inc. Schwartz, Brian J.
Santander Investment Bolsa, S.V., S.A. Treviño Peinador, Carlos Javier
Stifel Nicolaus Canada, Inc. Reback, Brad R.
Stifel Nicloaus Europe Ltd. Sriraman, Chandramouli
UBS Limited Briest, Michael J.
Warburg Research GmbH Wolf, Andreas
William Blair & Company, L.L.C. (Research) Suri, Bhavanmit S.
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