euro adhoc: Software AG / Board of Directors (Appointments and Changes) / Karl-Heinz Streibich appointed new Chief Executive Officer of Software AG (E)

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Darmstadt, Germany, July 18, 2003 - The Supervisory Board of Software AG has today named Karl-Heinz Streibich as the company´s new Chief Executive Officer. Streibich will take up the post on October 1, 2003.

Karl-Heinz Achinger, acting CEO since December 1, 2002, will return to the Supervisory Board, where he will resume his duties as deputy chairman. The new CEO will continue with Software AG´s optimized strategy.

Karl-Heinz Streibich (50) was previously a member of the Board of Management (deputy chairman) of T-Systems International, and has over two decades´ experience in the international IT service industry.

Before joining the Daimler-Benz group in 1989, Streibich, a telecommunications engineering graduate, held management positions at Dow Chemical and ITT in London and Germany. In 1996, he was appointed to the Board of Management of debis Systemhaus GmbH. He was subsequently appointed Chairman, in which capacity he oversaw the merger with T-Systems between 2000 and 2002. At T-Systems International, Streibich was Member of the Board of Management with international responsability for IT services.

The other members of the Executive Board are:
- Christian Barrios (Southern and Western Europe Region)
- Mark Edwards (Northern Europe and Asia / Pacific Region)
- Dr. Peter Mossack (Research and Development)
- Gary Voight (Americas Region)
- Andreas Zeitler (Central and Eastern Europe Region)
- Arnd Zinnhardt (Finance and Administration)

Further inquiry note:
For further information please contact:

Otmar F. Winzig
VP Corporate Communications
Software AG
Uhlandstraße 12
D-64297 Darmstadt
Tel.: +49-6151-92 1899
Fax +49-6151 - 92 1933
Tel: +49 (0)6151 92 1899
FAX: +49 (0) 6151 92 1933

Emittent: Software AG Uhlandstr. 12 DE-64297 Darmstadt Tel: +49 (0)6151 92 1899 FAX: +49 (0) 6151 92 1933 Email: WWW: ISIN: DE0007242646 WKN: 724264

end of announcement euro adhoc

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