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
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