For Immediate Release
July 2, 2010
SAP Extends Offer to Acquire Sybase, Inc.
WALLDORF, Germany — July 2, 2010 — SAP today announced that its indirectly wholly-owned subsidiary, Sheffield
Acquisition Corp., has extended the expiration of its cash tender offer for all outstanding shares of common stock of Sybase,
Inc., at a price of $65.00 per share, to 9:00 p.m., New York City time on July 16, 2010, unless further extended. The tender offer
was previously scheduled to expire at 9:00 p.m., New York City time, on July 1, 2010. The tender offer is being made pursuant to
an Offer to Purchase, dated May 26, 2010, as amended, and in connection with the Agreement and Plan of Merger, dated
May 12, 2010, by and among SAP America, Inc., Sheffield Acquisition Corp., and Sybase, which SAP and Sybase announced
on May 12, 2010.
The tender offer is being extended because certain conditions to the tender offer are not yet satisfied, including approval
of the European Commission under European Union merger regulations. SAP provided notice of the transaction to the
European Commission on June 16, 2010, which makes July 22, 2010 the date on which the initial 25 working day review period
under the European Union merger regulations expires, unless the review period is terminated prior to such expiration by the
European Commission. Except for the extension of the tender offer, all other terms and conditions of the tender offer remain
American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, has indicated that, as of 9:00 p.m.,
New York City time, on July 1, 2010, 87,780,002 shares of common stock of Sybase were issued and outstanding, and 72,515,333
shares of common stock of Sybase have been tendered into and not properly withdrawn from the tender offer (including
5,299,761 shares of common stock tendered pursuant to the guaranteed delivery procedures set forth in the Offer to Purchase).
SAP is the world’s leading provider of business software (