BOBJ Business Objects S.A. ADS (MM)

Business Objects (Nasdaq:BOBJ) (Euronext Paris, code ISIN FR0004026250 � BOB), the world leader in business intelligence platforms, is providing additional information regarding section 8.10 of the Note d�Information en R�ponse with AMF visa no. 07-426 dated November 27, 2007 established in the context of the Tender Offer initiated by SAP France and regarding the Tender Offer Agreement dated October 21, 2007 as amended on December 3, 2007. Pursuant to the Tender Offer Agreement between SAP and Business Objects, Business Objects also amended employment agreements and/or change-of-control settlement agreements of certain executive officers and employees listed on Annex 5 of the Tender Offer Agreement (�Annex 5 Employees�) to remove the requirement that these Annex 5 Employees resign in order to benefit from the acceleration of their options and other securities as well as any other rights granted to them under these agreement including cash severance rights. The amendments therefore remove the financial incentive for the Annex 5 Employees to resign in order to obtain benefits of their respective change of control agreements. Receipt of change of control benefits is conditioned upon signature of a general release by the Annex 5 Employees and, once payment is made for the severance amounts under the change of control agreements, Annex 5 Employees will no longer be entitled to receive these severance amounts in the future. As indicated in the Tender Offer Agreement, subject to the closing, SAP AG�s Supervisory Board intends to elect Business Object�s founder, Bernard Liautaud to the SAP Supervisory board at SAP AG�s next shareholders meeting. Until that time, Mr. Liautaud will have an advisory role to Henning Kagermann on aspects of strategy and integration. Accordingly, Mr. Liautaud will not remain a Business Objects officer after the change of control and therefore did not have his change of control agreements amended and was removed from the Annex 5 under the amendment dated December 3, 2007 to the Tender Offer Agreement. On December 26, 2007 the Business Objects Board of Directors approved amendments to the change of control agreements between Business Objects and each of David Kennedy, Business Objects� Senior Vice President, General Counsel and Corporate Secretary, and James Tolonen, Business Objects� Chief Financial Officer and Senior Vice President Finance and Administration. The amendments remove the requirement that Messrs. Kennedy and Tolonen resign in order to obtain benefits under their change of control agreements. The full text of these amendments will be posted on the Business Objects website. Based on the 2007 compensation, the total payment to be made in replacement of severance rights of the beneficiaries under all existing change-of-control settlement agreements described in section 8.10 of the Note d�Information en R�ponse on or after change of control could be $15.9 million, including $13.6 million to be paid to the beneficiaries on change of control due to the amendment of the change-of-control settlement agreements of the Annex 5 Employees and to Mr. Liautaud due to his departure. Copies of the Tender Offer Agreement and its amendment are available free of charge upon request to Business Objects S.A., 157-159, rue Anatole France, 92300 Levallois-Perret (France) and are also available on Business Objects� website: (www.businessobjects.com). Business Objects notes that pursuant to article L. 621-8 of the French Monetary and Financial Code (Code mon�taire et financier) and article 231-26 of the AMF General Regulations, the AMF approved visa no. 07-426 dated November 27, 2007 on the note d�information en r�ponse established in the context of the tender offer initiated by SAP France S.A.. This note d�information en r�ponse is also available on Business Objects� website (www.businessobjects.com). About Business Objects Business Objects has been a pioneer in business intelligence since the dawn of the category. Today, as the world�s leading business intelligence software company, Business Objects transforms the way the world works through intelligent information. The company helps illuminate understanding and decision-making at more than 45,000 organizations around the globe. Through a combination of innovative technology, global consulting and education services, and the industry�s strongest and most diverse partner network, Business Objects enables companies of all sizes to make transformative business decisions based on intelligent, accurate, and timely information. Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company�s stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com. Business Objects and the Business Objects logo, BusinessObjects, WebIntelligence, Crystal Reports, Intelligent Question, Xcelsius and Desktop Intelligence are registered trademarks and the intellectual property of Business Objects S.A. and/or its subsidiaries in the United States and/or other countries. All other company or product names mentioned herein are trademarks of their respective owners. The publication or distribution of this press release may be subject to statutory or regulatory restrictions in certain countries. This press release is not addressed to individuals subject to such restrictions, either directly or indirectly. Receipt of this press release does not constitute an offer in countries where a tender offer or an offer of securities would be illegal. This press release may be distributed, published or sent in the United Kingdom only to (i) professional investors falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the �Order�), or (ii) to entities who hold a certain level of assets (�high net worth entities�) or to any other type of person to whom it may be legally transmitted, falling within article 49(2) (a) to (d) of the Order (together the �relevant persons�). This press release is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this press release relates is available only to relevant persons and will be engaged in only with relevant persons.