WALLDORF, Germany - April 19, 2001 - SAP AG today announced its results for the quarter ended March 31, 2001. In the first quarter of 2001, revenues increased 29% over the same period last year to &1.5 billion (2000: &1.2 billion). Earnings before interest, taxes, depreciation, and amortization ("EBITDA") rose to &259 million (2000: &-62 million). First quarter 2001 operating income before charges for stock-based compensation programs (STAR and LTI) rose 82% to &233 million (2000: &128 million), resulting in an improvement of the respective operating margin to about 15%, up from 11% in the first quarter of 2000. Net income for the first quarter of 2001 grew 109% to &117 million (2000: &56 million). Earnings per ordinary share for the quarter were &0.36 (2000: &0.18).

Although the current environment is challenging, SAP remains confident about expectations for its operations through the first three quarters of this year. For the nine months ending September 30, 2001, the company expects that revenue will slightly exceed the 23% growth rate achieved in fiscal year 2000. Operating margins (before stock-based compensation programs and acquisition-related charges) for the nine months are expected to increase by 1 to 2 percentage points over the 14% reached over the first nine months of 2000.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should," and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.