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01

SAP Proposes Increased Dividend of €2.45 per Share

- Candidates for Shareholder Representative Elections Announced

- Role of Lead Independent Director Created

- Annual General Meeting of Shareholders to Be Held Virtually

WALLDORF, Germany, Feb. 24, 2022 /PRNewswire/ -- The Supervisory Board and Executive Board of SAP SE (NYSE: SAP) have decided to recommend that shareholders approve a dividend of €2.45 per share for fiscal year 2021. This represents a year-over-year increase of approximately 32%. This payment includes a special dividend of €0.50 to celebrate SAP's 50th anniversary. If the shareholders approve this recommendation, based on the number of treasury shares as of December 31, 2021, the total amount of dividends to be distributed would be approximately €2.89 billion (2020: €2.18 billion), representing a pay-out ratio of 54% (2020: 41%). Excluding the special dividend, the ratio would be approximately 43%. The 2021 fiscal year dividend is scheduled to be paid on or after May 23, 2022.

SAP Logo (PRNewsfoto/SAP SE)

"Our strategy to accelerate our cloud transformation is working. We delivered an exceptional year of strong results and want our shareholders to participate in this success with an increased dividend. We are also recommending an additional special dividend to celebrate SAP's 50th anniversary," said Luka Mucic, Chief Financial Officer, SAP SE.

Supervisory Board ElectionsFollowing the proposal of the Nomination Committee, the Supervisory Board has nominated three candidates to stand for reelection at the 2022 Annual General Meeting of Shareholders (AGM), in alignment with the Profile of Skills and Expertise and the objectives set by the Supervisory Board for its own composition.

The candidates are:

Prof. Hasso Plattner (78), Potsdam, Germany, Chairman of the Supervisory Board of SAP SE. In case of re-election, his 2-year term would expire in 2024.

Dr. Gunnar Wiedenfels (44), Greenwich, CT, USA, Chief Financial Officer, Discovery, Inc., New York City, New York, USA. In case of re-election, his term would expire in 2026.

Dr. Rouven Westphal (49), Potsdam, Germany, Member of the Executive Board of the Hasso Plattner Foundation, Potsdam, Germany, and Managing Director of the General Partner of HPC Germany GmbH & Co. KG, Potsdam, Germany. In case of re-election, his term would expire in 2026.

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For candidate profiles, see the www.sap.com/agm.

A fourth seat will become available after the 2022 AGM, as Bernard Liautaud has decided to step down from his role. The candidate for this seat will be announced in the coming weeks.

Naming of Lead Independent Director The SAP Supervisory Board is introducing the role of Lead Independent Director. With this newly created role, the Supervisory Board strengthens its alignment with international corporate governance best practice, focusing on the importance of Supervisory Board independence. Dr. Friederike Rotsch, member of the Supervisory Board since 2018, will assume this role after the Annual General Meeting of Shareholders in May 2022. For more information about the Lead Independent Director role, see the Corporate Governance section of the SAP Web site.

2022 Annual General Meeting to be Held as Virtual EventThe Executive Board, with the approval of the Supervisory Board, has decided to hold the 2022 Annual General Meeting of Shareholders as a virtual event. This is due to the unforeseeable further development of the pandemic situation in Germany during the next months, the substantial risk of pandemic-related restrictions for large events, as well as to ensure the safety of all participants. Further details will be posted to www.sap.com/agm in early April.

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 23, 2022. The depositary bank will then convert the dividend payment from euro into US dollars as promptly as practicable.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

About SAPSAP's strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2020 Annual Report on Form 20-F."

© 2022 SAP SE. All rights reserved.SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

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02

Sharks president Becher blames COVID for low SAP attendance

Sharks by

Sharks president Becher blames COVID for low SAP attendance

Jonathan Becher isn’t concerned about diminishing attendance at SAP Center this season.

Since the last time that the San Jose Sharks made the playoffs in 2018-19, the Sharks have suffered an almost 30 percent drop in tickets distributed at home, per ESPN.

This is the lowest average capacity since the 2003-04 Sharks netted 90 percent at home.

Of course, the world has changed a lot since 2019. So why aren’t as many Sharks fans coming to SAP Center anymore?

“The dominant reason is COVID. Some people are not comfortable coming back to mega-events. Frankly, some people are comfortable, but they don’t want to deal with vax, boosters, masks, etc,” the Sharks president said, citing internal research, in a far-reaching media availability yesterday. “Here in Silicon Valley, remote work is a huge deal. And there are a lot of companies that won’t let their employees come to big events, they can’t host customers, etc., which is a big part of our fan base historically."

03

BLACKLINE WINS TWO 2022 SAP® PARTNER EXCELLENCE AWARDS FOR SOLUTION EXTENSIONS -- BEST CLOUD PERFORMANCE

Accounting automation software leader recognized for driving digital transformation for customers in both EMEA North and APJ; only partner in the category honored in each region

LOS ANGELES, Feb. 23, 2022 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) today announced it won SAP® Partner Excellence 2022 awards for SAP Solution Extensions in Asia Pacific Japan (APJ) and for Best Cloud Performance in Europe, Middle East and Africa (EMEA) North. Awards were presented by SAP (NYSE: SAP) to the top-performing partners in each region that have made outstanding contributions to driving digital transformation for businesses that use SAP solutions. Recipients – in partnership with SAP – help customers adopt innovation easily, gain results rapidly, grow sustainably and run more simply with SAP solutions.

"BlackLine has been a long-time SAP partner. Winning the EMEA North award provides further validation that more and more customers are seeing measurable results from automating repetitive accounting work by implementing BlackLine technology to streamline their financial processes," said Andy Bottrill, senior vice president EMEA at BlackLine. "As a market leader in the Financial Operations Management space, BlackLine can help eradicate mundane financial tasks, allowing accountants to add value to their organizations and focus their time on more strategic initiatives."

Selected from SAP's large and diverse partner base, nominations for the SAP Partner Excellence Awards are based on internal SAP sales data. A committee composed of regional and global SAP representatives determine winning partners in each category according to criteria such as sales achievement and performance. Awards are presented in a variety of categories, including overall sales, innovation, technology, services and solution-specific areas.

"This award recognizes the outstanding performance by the BlackLine team to help navigate and improve SAP customers' end-to-end financial close process and accounting automation," explained Olav Frijhoff, head of software partners SAP EMEA North. "BlackLine accelerates and complements SAP S/4HANA and RISE with SAP."

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BlackLine's cloud solutions complement functionality provided by SAP ERP Financials and SAP S/4HANA®. The integration brings enhanced control, automation and data integrity to audit, finance and accounting departments worldwide, while ensuring that data flowing to and from SAP solutions does so through standardized processes. The BlackLine solutions are offered as SAP Solution Extensions under the following names:

SAP Account Substantiation and Automation by BlackLine

SAP Account Substantiation and Automation by BlackLine, premier edition

SAP Intercompany Financial Hub by BlackLine

Commenting on BlackLine's award win in the APJ region, Lee Thompson, senior vice president APJ at BlackLine, said: "We are delighted that SAP has recognized BlackLine with this latest Partner Excellence award across Asia Pacific and Japan. BlackLine is perfectly aligned with SAP to help customers accelerate their finance transformation initiatives and to become intelligent enterprises. This is a testament to the skills and experience of both companies in developing solutions that meet the demanding requirements of finance departments as we focus on supporting enterprise innovation and emerging stronger in a post-pandemic environment. We look forward to continuing to build successful business momentum in the years ahead."

"I'm delighted to congratulate BlackLine for their achievements. We look forward to continuing to build upon this strong foundation of success and collaboration for our mutual customers' success," added Cathy Ward, chief operating officer, SAP APJ.

In 2021, BlackLine received the SAP Pinnacle Award for Partner of the Year - Solution Extensions – earning SAP's highest accolade in this area.

More than a thousand of the world's leading companies currently run BlackLine alongside SAP technology. However, BlackLine is ERP-agnostic, optimized for today's modern enterprise with direct integration to more than 30 different leading enterprise resource planning (ERP) and source systems, an added benefit for businesses using SAP solutions with multiple ERPs.

The 2022 SAP Partner Excellence Awards were presented at the recent SAP Customer Success Summit.

About BlackLineCompanies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine's cloud-based financial operations management platform and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control.

More than 3,800 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer of the cloud financial close market and recognized as the leader by customers at leading end-user review sites including Gartner Peer Insights, G2 and TrustRadius. BlackLine is a global company with operations in major business centers around the world including Los Angeles, New York, the San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Singapore and Sydney.

For more information, please visit blackline.com.

BlackLine Forward-looking StatementsThis release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expect," "plan," anticipate," "believe," "estimate," "predict," "intend," "potential," "would," "continue," "ongoing" or the negative of these terms or other comparable terminology. Forward-looking statements in this release include statements regarding our growth plans and opportunities.

Any forward-looking statements contained in this press release are based upon BlackLine's current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties. If any of these risks or uncertainties materialize or if any assumptions prove incorrect, actual performance or results may differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the Company's ability to execute on its strategies, attract new customers, enter new geographies and develop, release and sell new features and solutions; and other risks and uncertainties described in the other filings we make with the Securities and Exchange Commission from time to time, including the risks described under the heading "Risk Factors" in our Annual Report on Form 10-K. Additional information will also be set forth in our Quarterly Reports on Form 10-Q.

Forward-looking statements should not be read as a guarantee of future performance or results, and you should not place undue reliance on such statements. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

Long-time SAP partner and accounting automation software leader BlackLine won two 2022 SAP Partner Excellence awards. BlackLine’s cloud-based financial operations management platform complements functionality provided by SAP ERP Financials and SAP S/4HANA®.

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