SAP believes that its shareholders should benefit appropriately from the profit the Company made in 2023. The Company’s dividend policy is to pay a dividend totaling 40% or more of profit after tax.

The following dates are relevant for the dividend payment:

• Record date for dividend payment: May 15, 2024
• Ex-dividend date: May 16, 2024
• Payment date: May 21, 2024

Elections of Shareholder Representatives to the SAP Supervisory Board

As announced on February 11, 2024, the Supervisory Board has nominated Pekka Ala-Pietilä to stand for election at the 2024 Annual General Meeting of Shareholders (AGM) as shareholder representative on the SAP Supervisory Board.

• Dr. h. c. mult. Pekka Ala-Pietilä (67), Helsinki, Finland, Chairman of the Board of Directors of Sanoma Corporation, Helsinki, Finland. In case of election, his term would expire in 2026. The Supervisory Board intends to elect him as chair.

Further, the Supervisory Board is announcing the nomination of the following candidate to stand for election:

• Prof. Dr. Ralf Herbrich (49), Falkensee, Germany, Managing director, professor for artificial intelligence and sustainability, Hasso Plattner Institute for Digital Engineering gGmbH, Potsdam, Germany. In case of election, his term would expire in 2028.

Additionally, three candidates have been nominated to stand for re-election:

• Aicha Evans (54), Los Gatos, CA, USA, Chief Executive Officer and member of the Board of Directors, Zoox, Inc., Foster City, California, USA. In case of re-election, her term would expire in 2028.
• Gerhard Oswald (70), Walldorf, Germany, Managing director, Oswald Consulting GmbH, Walldorf, Germany; Associate lecturer, Technical University of Munich, Munich, Germany. In case of re-election, his term would expire in 2026.
• Dr. Friederike Rotsch (51), Königstein im Taunus, Germany, Group General Counsel, Deutsche Bank AG, Frankfurt, Germany. In case of re-election, her term would expire in 2028 and she would continue in the role of Lead Independent Director (LID).

These nominations are in alignment with the Profile of Skills and Expertise, the Supervisory Board’s Diversity Policy, and the objectives set by the Supervisory Board for its own composition.

Note to holders of SAP ADRs (American Depositary Receipts):
One SAP ADR represents one SAP SE share. The final dividend amount per ADR is dependent upon the euro/US dollar exchange rate. Since SAP SE pays cash dividends on the ordinary shares in euro, the exchange rate fluctuations will affect the US dollar amounts received by holders of ADRs. The final dividend payment by SAP SE to the depositary bank is scheduled for May 21, 2024. The depositary bank will then convert the dividend payment from euro into US dollars as promptly as practicable.

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