SILVER LAKE TO ACQUIRE SOFTWARE AG

24 April 2023

Public disclosure of inside information according to article 17 MAR

Software AG enters into Investment Agreement with Silver Lake to support long-term growth, Blitz 22-449 SE announces its intention to launch a voluntary public tender offer

Software AG (the “Company”; Frankfurt TecDAX®: ISIN DE000A2GS401) has today signed an investment agreement with Blitz 22-449 SE (the “Investor”), a holding company controlled by funds managed or advised by Silver Lake Technology Management, L.L.C. (“Silver Lake”), to deepen its existing strategic partnership with Silver Lake and support the long-term growth and strategic objectives of the Company.

Concurrently, Blitz 22-449 SE has announced its intention to launch a voluntary public tender Offer (the “Offer”) at an Offer price of €30.00 per share in cash for all outstanding shares of Software AG (the “Offer Price”). Such Offer Price would represent a premium of 53 percent to the XETRA closing price of Software AG shares on 20 April 2023 and a premium of 48 percent to the three-month volume-weighted average share price. It would imply an equity value of Software AG of approximately €2.2 billion.

More, Source: Company’s Disclosure