Shareholder Structure

As at December 31, 2013, SAP AG had issued 1,228,504,232 no-par shares (December 31, 2012: 1,228,504,232) with a calculated nominal value of €1 per share.

The shareholder structure of SAP is characterized by a wide distribution of share ownership. Applying the definition accepted on the Frankfurt Stock Exchange – which excludes treasury stock from the free float – the free float stood at 74.7% at the end of 2013 (2012: 74.4%). U.S. and Canadian investors (institutions and individual) remained the largest group of shareholders.

More information on the SAP shareholder structure can be found in the "Investor Relations" chapter of our SAP Integrated Report