WALLDORF, Germany - September 28, 2001 - SAP AG (NYSE: SAP), the leading provider of e-business software solutions, today announced that its Executive Board has approved the repurchase of up to &400,000,000 worth of the Company's shares.

The Executive Board was authorized by the Annual General Meeting in May 2001 to repurchase up to 30 million shares by no later than October 31, 2002. Shares repurchased are to be used primarily for the purpose of fulfilling the Company's Long Term Incentive plan or using the shares in the context of acquisitions.

Purchases will be made from time-to-time at the Company's discretion, subject to market conditions, and may be commenced or suspended without prior notice.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should," and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.