EANS-Adhoc: Software AG / Software AG reports on the current status of the valuation process in relation to the merger of IDS Scheer AG into Software AG

--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Valuation of the companies

26.04.2010

In connection with the contemplated merger, Ernst & Young GmbH
Wirtschaftsprüfungsgesellschaft, having been retained by Software AG
and IDS Scheer AG, has determined the anticipated values (capitalised
earnings value (Ertragswert) plus special values (Sonderwerte)) of
Software AG and IDS Scheer AG as of 8 July 2010 (date of the general
meeting of IDS Scheer AG) based on the "Principles for the
Performance of Business Valuations (IDW S 1 as of 2008)" (Grundsätze
zur Durchführung von Unternehmensbewertungen (IDW S 1 i.d.F. 2008))
as follows:

Software AG: enterprise value million EUR 3,934.2; value per Software
AG-share EUR 138.96 IDS Scheer AG: enterprise value million EUR
540.3; value per IDS Scheer-share EUR 16.74.

The valuation is preliminary and may change, in particular (without
limitation) if, until completion of the valuation process,
significant valuation parameters such as the market environment, the
economic situation of the companies or the interest level
unexpectedly change significantly. This announcement does not contain
any statement with regard to an expected result of the merger audit
by the court appointed auditor whose audit has not yet been
completed.

Today, the Management Board of Software AG has discussed the current
status of the valuation process and takes the view that significant
changes are not to be expected. The Management Boards of both
companies presently intend to conduct the negotiations regarding the
merger exchange ratio based on the values of the companies as
determined in accordance with IDW S 1. The final decision of the
Management Board and the Supervisory Board of Software AG on the
merger based on the final valuation and the results of the
negotiations with IDS Scheer AG will be taken presumably end of May
2010.

The Management Board of Software AG will provide further information
on the contemplated merger at the occasion of the publication of the
first quarter results of the business year 2010 at the press
conference (27 April 2010, 11:00 CEST in German) and at the analyst
conference (27 April 2010, 13:00 CEST in English).

Dial-in details for the analyst conference are published on the
website of Software AG at
http://www.softwareag.com/corporate/inv_rel/ircalendar/default.asp.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Software AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Otmar F. Winzig

VP Investor Relations & Compliance

Tel.: +49 (0) 6151 92-1669

E-Mail: otmar.winzig@softwareag.com

Branche: Software
ISIN: DE0003304002
WKN: 330400
Index: TecDAX, CDAX, HDAX, Prime All Share, Technology All Share
Börsen: Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
Frankfurt / official dealing