Company Announcement

SimCorp A/S Weidekampsgade 16 2300 Copenhagen S Denmark Telephone: +45 35 44 88 00 Telefax: +45 35 44 88 11 E-mail: info@simcorp.com www.simcorp.com Company reg. no: 15 50 52 81 Company Announcement no. 15/2011 17 November 2011 Company Announcement Summary SimCorp s business performed satisfactorily in the first nine months of the year. 9M revenue amounted to EUR 130.3m, 5.5% higher than in the same period of last year. 9M EBIT was EUR 21.2m, up EUR 11.8m compared with the year-earlier period. At 30 September 2011, revenue secured by contract for 2011 was 6% higher than at the same time last year. SimCorp upholds its projections for 2011 of revenue growth measured in local currencies of at least 5% and an EBIT margin of at least 20%. - - - SimCorp s Board of Directors today reviewed and approved the Group s interim report for the nine months ended 30 September 2011. Highlights of the report are: 9M revenue was EUR 130.3m, an increase of 5.5% compared with the same period last year. Q3 revenue increased by 9% y/y and amounted to EUR 41.7m. Page 5 9M order intake of licences and add-on licences was EUR 18.8m, which was 13% less than in the year-earlier period. Q3 order intake increased by 17% compared with Q3 2010 to stand at EUR 4.2m. The licence contract order book decreased by EUR 1.8m during the quarter, and amounted to EUR 11.6m at 30 September 2011, compared with EUR 16.2m at the same time in 2010. Page 4 Income recognised from initial licences and add-on licences amounted to EUR 22.0m in the nine-month period, an increase of 10% y/y. Page 5 Page 1 of 18

The level of sales and supply of professional services remained solid. Professional service fees for the first nine months of the year were EUR 41.0m, down 6% relative to the yearearlier period. In Q3, professional fees were EUR 12.8m, a decrease of 1% relative to Q3 2010. Page 5 Maintenance income for the nine months was EUR 66.0m, up by 15% relative to the same period of last year. Page 5 9M EBIT was EUR 21.2m, up EUR 11.8m (126%) compared with the same period of last year. Page 7 9M cash flow from operating activities was EUR 29.6m compared with EUR 23.0m in the same period of 2010. Page 9 SimCorp upholds its full-year projections for 2011 of revenue growth and overall business growth measured in local currencies of at least 5% and an EBIT margin of at least 20%. At 30 September 2011, contracts equalling EUR 168.9m of the projected 2011 revenue had been secured, EUR 9.5m more than at the year-earlier date. The Group s pipeline of potential licence contracts continues to develop satisfactorily, and the Group maintains its full-year expectations that the total order intake of licence contracts will be higher than in 2010. Page 9 This document is a translation of the original interim report in Danish (Delårsrapport pr. 30. september 2011). In case of discrepancies, the Danish version prevails. Investor meeting SimCorp s Executive Management Board will present the interim report at an investor presentation to be held on Friday, 18 November 2011 at 9:00 a.m. at the company s headquarters, Weidekampsgade 16, 2300 Copenhagen S. An electronic meeting facility has been set up through the following webcast, where it will be possible to ask questions online via e-mail: http://storm.zoomvisionmamato.com/player/simcorp/objects/hdaz7mtr/. The presentation will be available afterwards via SimCorp s website www.simcorp.com. Enquiries regarding this announcement should be addressed to: Peter L. Ravn, Chief Executive Officer, SimCorp A/S (+45 3544 8800, +45 4076 1841) or Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45 2811 3828). SimCorp A/S Page 2 of 18

Financial highlights and key ratios for the SimCorp Group 2011 2010 2011 2010 2010 Q3 Q3 9M 9M FY DKK/EUR rate of exchange end of period 7.442 7.452 7.442 7.452 7.454 Income statement, EUR'000 Revenue 41,722 38,365 130,312 123,522 185,375 Earnings before interest, tax, depreciation and amortisation (EBITDA) 6,943 4,714 24,257 13,035 39,923 Profit from operations (EBIT) 5,911 3,457 21,210 9,390 35,199 Financial items 1,563 (302) 918 (1,759) (1,962) Profit before tax 7,474 3,155 22,128 7,631 33,237 Profit for the period 5,219 2,460 16,020 4,904 24,390 Total comprehensive income for the period 5,400 2,294 15,677 7,840 26,817 Balance sheet, EUR'000 Share capital 6,179 6,179 6,179 6,179 6,179 Equity 63,958 60,227 63,958 60,227 77,520 Property, plant and equipment 8,075 9,012 8,075 9,012 8,779 Cash and cash equivalents 40,110 39,733 40,110 39,733 42,689 Total assets 104,073 101,043 104,073 101,043 113,011 Cash flows, EUR'000 Cash flow from operating activities 11,207 8,986 29,577 23,031 28,513 Cash flow from investing activities, net (569) (429) (1,934) (2,158) (2,945) Cash flow from financing activities (5,592) (4,278) (30,185) (25,641) (27,528) Net change in cash and cash equivalents 5,046 4,279 (2,542) (4,768) (1,960) Employees Average number of full-time employees 1,033 1,076 1,041 1,073 1,077 Key ratios EBIT margin (%) 14.2 9.0 16.3 7.6 19.0 ROIC (return on invested capital) (%) 79.5 52.7 87.1 43.3 79.0 Debtor turnover rate 7.0 8.4 7.3 9.0 6.1 Equity ratio (%) 61.5 59.6 61.5 59.6 68.3 Return on equity (%) 32.6 16.1 31.2 9.2 40.1 Per share data Basic earnings per share of DKK 1 - EPS (EUR) 0.12 0.05 0.36 0.11 0.54 Diluted earnings per share of DKK 1 - EPS-D (EUR) 0.12 0.05 0.36 0.11 0.54 Cash flow per share of DKK 1 - CFPS (EUR) 0.25 0.20 0.67 0.51 0.63 Average number of shares of DKK 1 44,105,598 44,988,313 44,245,872 45,122,873 44,998,925 The key ratios have been calculated in accordance with IAS 33 and "Recommendations and Ratios 2010" issued by the Danish Association of Financial Analysts. Please refer to the definition of ratios on page 80 of the Annual Report 2010. The interim report is unaudited and has not been reviewed. Page 3 of 18

EURm Company Announcement Management s report nine months ended 30 September 2011 Development in sales and orders Overall, SimCorp s business performed broadly in line with expectations in the first nine months of 2011. 9M licence contract order intake was EUR 18.8m compared with EUR 21.5m in the same period of last year, a decrease of 13%. Q3 order intake was EUR 4.2m, up 17% from EUR 3.6m in Q3 2010. However, it should be noted that the order intake in Q3 is typically at a relatively low level. Sales activities developed satisfactorily, and in Q3 one new SimCorp Dimension licence contract was signed. Sales activities to existing customers of add-on licences for the nine months decreased by 22% compared with the same period of 2010. As previously communicated there are timing differences in the level of realised sales of add-on licences which, together with the fact that especially the first quarter of 2010 was characterised by an unusually high level of sales of add-on licences, explains the decrease compared to 2010. After the end of the quarter, a new SimCorp Dimension license contract has been signed with a German bank. 9M income recognised from licences and add-on licences was EUR 22.0m, up 10% compared with the same period of last year. Income recognised from licences and add-on licences was EUR 6.0m in Q3, 22% more than in the year-earlier period. SimCorp Dimension licences, quarterly order intake and order book (aggregate new licences and add-on licences)*, 2010-2011 Order inflow Order backlog 30.0 25.0 20.0 15.0 10.0 5.0 0.0 27.9 17.6 17.6 16.2 14.9 14.5 13.4 11.6 8.5 9.3 10.7 3.6 4.0 4.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2010 2011 *) Order intake and order book include licences to new customers as well as add-on licences to existing customers. The order book is the licence value of signed licence agreements that has not yet been recognised in income. Page 4 of 18

EURm Company Announcement The licence contract order book decreased by EUR 3.3m in the first nine months, representing the difference between actual order intake and income recognised from software licences adjusted for the effect of exchange rate changes. The order book stood at EUR 11.6m at 30 September 2011, EUR 4.6m lower than at the year-earlier date. Revenue Consolidated 9M revenue was EUR 130.3m, up 5.5% y/y. Measured in local currencies revenue was 5.2% higher than in the same period of 2010. Exchange rate changes thus had a net positive impact on revenue of 0.3%. Q3 revenue was EUR 41.7m, 8.8% higher than in Q3 2010. Measured in local currencies the increase amounted to 8.5% compared with the same period of 2010. Exchange rate changes thus had a net positive impact on revenue of 0.3% for the quarter. 9M income recognised from licence sales amounted to EUR 22.0m, which was 10% higher than in the same period of 2010, first and foremost because a larger part of the licence contract order book was recognised as income than in 2010. Income recognised from licence sales in Q3 2011 was up by 22% compared with the year-earlier period to stand at EUR 6.0m. 9M fees from professional services amounted to EUR 41.0m, which was 6% lower than in the same period of 2010. Professional service fees in Q3 2011 amounted to EUR 12.8m, a decrease of 1% compared with Q3 last year. Fees from professional services have generally become more solid, and the activity level for the coming quarter is expected to be higher than this quarter. Regular maintenance income increases in line with the completion and implementation of new customer installations and reached EUR 66.0m in the first nine months of 2011, up 15% on the same period of last year. Maintenance income in Q3 2011 was up by 12% on the year-earlier period to EUR 22.4m. Other income in the quarter, including course fees, amounted to EUR 0.5m. Revenue 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 40.7 44.5 61.9 48.9 38.4 39.7 41.7 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2010 2011 Page 5 of 18

EURm Company Announcement The distribution of 9M revenue is shown in the table below: (EURm) Revenue 9M 2011 Share of consolidated revenue 9M 2011 Revenue 9M 2010 Share of consolidated revenue 9M 2010 Growth relative to 9M 2010 Licences 22.0 17% 19.9 16% 10% Professional services 41.0 31% 43.7 35% (6%) Maintenance 66.0 51% 57.5 47% 15% Training and other services 1.3 1% 2.4 2% (47%) Total 130.3 100% 123.5 100% 5% The distribution of Q3 revenue is shown in the table below: Share of consolidated Share of consolidated Growth Revenue revenue Revenue revenue Q3 relative to (EURm) Q3 2011 Q3 2011 Q3 2010 2010 Q3 2010 Licences 6.0 14% 4.9 13% 22% Professional services 12.8 31% 13.0 34% (1%) Maintenance 22.4 54% 20.0 52% 12% Training and other services 0.5 1% 0.4 1% 13% Total 41.7 100% 38.3 100% 9% Costs SimCorp s total costs (including depreciation and amortisation) in the first nine months of 2011 were EUR 109.1m compared with EUR 114.2m in the same period of last year. Total costs (including depreciation and amortisation) in Q3 were EUR 35.8m, an increase of 2.5% relative to Q3 2010. Costs 50,0 40,0 38,6 40,7 35,0 36,0 36,7 36,6 35,8 30,0 20,0 10,0 0,0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2010 2011 Page 6 of 18

Salaries and staff-related costs, which accounted for about 73% of total costs, have been reduced by EUR 3.1m, or 4%, compared with the first nine months 2010. This is partly due to no costs for employee shares in 2011 (EUR 1.5m), and partly to open positions being filled based on the amount of revenue secured by contract for the full year, which has led to a timing delay in new appointments. The reduction in other costs amounting to around EUR 2.0m was attributable to a seminar for all employees in the Group (EUR 1.5m) hosted in 2010. 9M production costs decreased by 5% to EUR 49.2m, primarily due to an adjustment of the capacity within consultancy activities combined with higher efficiency. In Q3 2011, production costs increased by 4% compared with Q3 2010. 9M research and development costs at EUR 32.3m were 8% lower than in the same period of 2010. This was mainly due to a reduction in staff costs, but also impacted by lower depreciation charges. In Q3, research and development costs were reduced by 3% relative to the same period of 2010. Compared with its peers, SimCorp strategically maintains a high level of research and development costs. The effective development capacity is unchanged compared with last year, mainly driven by increased productivity in the development unit in the Ukraine. Thus, productivity improvements offset the lower number of software developers. Sales and distribution cost decreased by 3% to EUR 17.8m compared with the first nine months of 2010 and by 11% compared with Q3 2010. 9M administrative expenses, amounting to EUR 9.8m, increased by 8% relative to the same period of 2010 primarily due to increased costs for external consultants. The cost level in Q3 partly reflects costs for external consultants of a non-recurring nature. Employees The Group had 1,088 employees at 30 September 2011, which was 41 fewer than at the same time last year. The decrease was, among other things, due to open positions being filled based on the amount of revenue secured by contract for the full year and to employee turnover being higher than in the same period of last year. Group performance The Group posted EBIT of EUR 21.2m in the first nine months of 2011, EUR 11.8m more than in the same period of 2010. Q3 EBIT showed a profit of EUR 5.9m, against EUR 3.5m in Q3 of last year. Exchange rate changes since 1 January 2011 reduced EBIT by EUR 0.3m. Page 7 of 18

EURm Company Announcement EBIT 30.0 25.0 25.8 20.0 15.0 12.3 10.0 5.0 2.1 3.8 3.5 3.0 5.9 0.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2010 2011 9M financial net income amounted to EUR 0.9m, mainly attributable to an unrealised exchange gain in connection with economic hedging of CHF. SimCorp has made an agreement regarding economic hedging of CHF 15m in the period up to an including Q3 2013. The CHF 15m are contractually committed cash flow from Swiss customers in the period. Furthermore, adjustments due to exchange rate changes on short-term debt to subsidiaries are included in financial net income. Q3 financial net income amounted to EUR 1.6m, mainly attributable to an unrealised exchange gain in connection with the economic hedging of CHF. The Group posted a 9M pre-tax profit of EUR 22.1m, against EUR 7.6m in the first nine months of 2010. The estimated tax charge totals EUR 6.1m, corresponding to a tax rate of 28%. The consolidated net profit for the nine months was thus EUR 16.0m, against a net profit of EUR 4.9m in the year-earlier period. The Group posted a pre-tax profit of EUR 7.5m, against a profit of EUR 3.2m in Q3 2010. After tax totalling EUR 2.3m, equivalent to a tax rate of 30%, the Group posted a net profit for Q3 2011 of EUR 5.2m, compared with EUR 2.5m in the same period of last year. Page 8 of 18

Balance sheet items and cash flow SimCorp s total assets amounted to EUR 104.1m at 30 September 2011, including cash of EUR 40.1m compared to EUR 101.0m in total assets, including cash of EUR 42.7m at 30 September 2010. The Group had total receivables of EUR 40.9m at 30 September 2011, representing an increase of EUR 6.2m from 30 September 2010. Operating activities generated a cash inflow of EUR 29.6m in the nine months against EUR 23.0m in the same period of 2010. EUR 1.9m of the liquidity was spent on investing activites, while financing activities generated a net cash outflow of EUR 30.2m with dividend payments of EUR 17.8m and purchase of treasury shares of EUR 13.2m (EUR 6.3m in Q3). Comprehensive income and changes in equity Exchange rate adjustments on translation of net investments in foreign subsidiaries amounted to a net expense of EUR 0.3m in the first nine months of the year compared with a net income of EUR 2.9m in the year-earlier period. These fluctuations were primarily due to the change in the USD/EUR exchange rate. 9M total comprehensive income was thus EUR 15.7m against EUR 7.8m in the same period last year. For Q3, exchange rate adjustments on translation of net investments in foreign subsidiaries amounted to a net income of EUR 0.2m compared with a net expense of EUR 0.2m in the yearearlier period. Total comprehensive income for Q3 was thus EUR 5.4m against EUR 2.3m in the same period last year. The company s equity amounted to EUR 64.0m at 30 September 2011. Equity at 30 September 2011 was reduced by EUR 13.6m compared with 31 December 2010. Dividend payments to shareholders amounting to EUR 17.8m and purchase of treasury shares amounting to EUR 13.2m reduced equity. Total comprehensive income for the period of EUR 15.7m as well as payment for and adjustment of share-based payment of EUR 1.8m increased equity. Equity was increased by EUR 3.7m compared with 30 September 2010. Page 9 of 18

Outlook for the financial year 2011 *) SimCorp s business performed broadly in line with expectations during the first nine months of the year. SimCorp s intake of licence contract orders varies considerably from one period to the next. In Q3 2011 one new software licence contract was signed. SimCorp continues to experience a satisfactory, geographically diversified demand for its products and services. SimCorp s pipeline of potential licence contracts performs satisfactorily, and the Group retains its full-year expectations of a total full-year order intake of licence contracts that is higher than in 2010. Given the outlook for continuing acceptable growth in business activities and with continued focus on cost containment, SimCorp upholds its projections for 2011 of revenue growth and overall business growth measured in local currencies of more than 5% and an EBIT margin of at least 20%. The total projected revenue for the whole of 2011 is based on the conclusion of new licence orders and add-on licences in Q4, where the timing and size is subject to uncertainty, and the terms and conditions of the final contracts will affect the timing of when the licence is recognised as income. The final revenue and overall business growth for 2011 may therefore fluctuate, however, it is anticipated that both revenue and business growth are likely to be higher than 5% measured in local currencies. Since costs are not fully affected by changes in revenue, the EBIT margin might also fluctuate, but is still forecast to be at least 20%. In Q3, contracts for EUR 7.6m of revenue were secured, against EUR 11.8m in the same period last year, and SimCorp enters Q4 with EUR 168.9m of the revenue projected for 2011 secured by contract, EUR 9.5m more than at the same time last year. Based on SimCorp Dimension s product platform and a strong sales, service and development organisation, the Group is well positioned to meet market demands, and SimCorp therefore has positive expectations for its long-term business performance. *) This announcement contains certain forward-looking statements and expectations in respect of the 2011 financial year. Such forward-looking statements are not guarantees of future performance. They involve risk and uncertainty and the actual performance may deviate materially from that expressed in such forwardlooking statements due to a variety of factors. Readers are warned not to rely unduly on such forward-looking statements which apply only as at the date of this announcement. The Group s revenue will continue to be impacted by relatively few, but large system orders, and such orders are expected to be won at relatively irregular intervals. The terms agreed in the individual licence agreements will determine the impact on the order book and on licence income for any specific financial reporting period. Accordingly, licence revenue is likely to vary considerably from one quarter to the next. Unless required by law or corresponding obligations SimCorp A/S is under no duty and undertakes no obligation to update or revise any forward-looking statement after the distribution of this document, whether as a result of new information, future events or otherwise. Page 10 of 18

Other information Significant risk and uncertainty factors SimCorp operates in a dynamic and complex business environment, where performance relies strongly on the ongoing achievement of a number of success criteria. Pages 21-23 of SimCorp s Annual Report 2010 describe the most important general risk factors and the risk preventive measures used in everyday operations. Management believes the description of these potential risks still applies. However, it should be noted that the increased volatility of most of SimCorp s major invoicing currencies to EUR impacts the significance of the currency risk for the reported financial results. Further, the turmoil in the global financial markets with significantly increased volatility can potentially impact SimCorp s customers, leading to lower earnings and prolonged decision processes for investments in new software which may have a negative impact on SimCorp s revenue. Exercise of options In Q3, 8,260 stock options of DKK 10 each were exercised. At 17 November 2011, a total of 180,683 stock options of DKK 10 each had been issued, including 120,150 options of DKK 10 each with an exercise price higher than the market price of DKK 908 per share of DKK 10 each. Issue of restricted stock units In accordance with SimCorp s remuneration policy 122 restricted stock units of DKK 10 each were granted in Q3 in connection with the appointment of a Senior Vice President, bringing the total number of restricted stock units granted to 16,336 units of DKK 10 each. The restricted stock units will vest after three years, subject to continuing employment. Furthermore, the restricted stock units are subject to conditions with respect to average annual minimum revenue growth and annual average net operating profit after tax for the financial years 2011-2013. If the two latter conditions are only partially satisfied, the undertaking with respect to the number of shares transferred after three years will be reduced, and may possibly lapse completely. Moreover, at 30 September 2011, 14,288 restricted stock units of DKK 10 each remained, which had been granted in April 2010 with a potential to be partly or fully transferred in 2013 to programme participants still employed at the transfer time. Treasury shares In Q3, the Group acquired 54,846 treasury shares of DKK 10 each at an average price of DKK 847 per share of DKK 10 each, totalling EUR 6.2m. For the nine months, the total amount of treasury shares acquired amounted to EUR 13.2m. The Group now holds 247,229 treasury shares of DKK 10 each, equal to 5.4% of the company s share capital. SimCorp expects to purchase additional treasury shares in Q4 at an amount of up to EUR 3m. Page 11 of 18

Signatures The Board of Directors and the Executive Management Board have today reviewed and approved the interim report for the period 1 January - 30 September 2011. The interim financial report, which is unaudited and has not been reviewed by the company s auditors, is presented in accordance with IAS 34 Interim financial reporting as adopted by the EU and Danish disclosure requirements for listed companies. In our opinion, the interim financial report gives a true and fair view of the Group s assets, liabilities and financial position as of 30 September 2011 and of the profit of the Group s operations and cash flow for the period 1 January - 30 September 2011. Furthermore, in our opinion the management s report includes a fair review of developments in the activities and financial position of the Group, the results for the period and of the Group s financial position in general and describes the principal risks and uncertainty factors that may affect the Group. Copenhagen, 17 November 2011 Executive Management Board: Peter L. Ravn Chief Executive Officer Georg Hetrodt Chief Technology Officer Torben Munch Chief Operating Officer Thomas Johansen Chief Financial Officer Board of Directors: Jesper Brandgaard Carl Christian Ægidius Hervé Couturier Chairman Vice Chairman Simon Jeffreys Jacob Goltermann Raymond John - - - - - - Page 12 of 18

Consolidated income statement (EUR'000) 2011 2010 2011 2010 2010 Q3 Q3 9M 9M FY Revenue Revenue 41,722 38,365 130,312 123,522 185,375 Cost of sales 15,851 15,209 49,249 51,899 69,580 Gross profit 25,871 23,156 81,063 71,623 115,795 Other operating income 24 56 39 90 93 Research and development costs 9,948 10,254 32,323 34,987 45,459 Sales and distribution costs 6,061 6,781 17,753 18,214 23,390 Administrative expenses 3,965 2,710 9,806 9,110 11,790 Other operating expenses 10 10 10 12 50 Profit from operations (EBIT) 5,911 3,457 21,210 9,390 35,199 Share of profit after tax in associates 38 14 81 17 48 Financial income 1,663 204 2,307 1,540 1,983 Financial expenses 138 520 1,470 3,316 3,993 Profit before tax 7,474 3,155 22,128 7,631 33,237 Tax on profit for the period 2,255 695 6,108 2,727 8,847 Net profit for the period 5,219 2,460 16,020 4,904 24,390 Earnings per share Basic earnings per share of DKK 1 - EPS (EUR) 0.12 0.05 0.36 0.11 0.54 Diluted earnings per share of DKK 1 - EPS-D (EUR) 0.12 0.05 0.36 0.11 0.54 Statement of comprehensive income (EUR'000) 2011 2010 2011 2010 2010 Q3 Q3 9M 9M FY Net profit for the period 5,219 2,460 16,020 4,904 24,390 Other comprehensive income Foreign currency translation differences, foreign operations 181 (166) (343) 2,936 2,427 Other comprehensive income after tax 181 (166) (343) 2,936 2,427 Total comprehensive income 5,400 2,294 15,677 7,840 26,817 Page 13 of 18

Consolidated balance sheet (EUR'000) 2011 2010 2010 30 September 31 December 30 September ASSETS Non-current assets Intangible assets Goodwill 866 796 783 Acquired software 903 1,222 1,310 Total intangible assets 1,769 2,018 2,093 Property, plant and equipment Leasehold improvements 3,326 3,867 3,886 Technical equipment 2,875 2,384 2,323 Other equipment, fixtures and fittings 1,874 2,528 2,803 Total property, plant and equipment 8,075 8,779 9,012 Other non-current assets Investments in associates 1,200 1,120 1,097 Receivables from associates 58 158 158 Deposits 2,003 1,969 1,889 Deferred tax 5,471 5,163 7,706 Total other non-current assets 8,732 8,410 10,850 Total non-current assets 18,576 19,207 21,955 Current assets Receivables 36,200 44,105 30,236 Income tax receivable 4,728 3,057 5,363 Prepayments 4,459 3,953 3,756 Cash and cash equivalents 40,110 42,689 39,733 Total current assets 85,497 93,804 79,088 Total assets 104,073 113,011 101,043 LIABILITIES AND EQUITY Equity Share capital 6,179 6,179 6,179 Exchange adjustment reserve (1,770) (1,427) (918) Retained earnings 59,549 54,853 54,966 Proposed dividend 0 17,915 0 Total equity 63,958 77,520 60,227 Liabilities Non-current liabilities Deferred tax 14 0 253 Provisions 2,451 2,257 1,791 Employee bonds 757 756 756 Total non-current liabilities 3,222 3,013 2,800 Current liabilities Prepayments from customers 6,933 3,216 4,057 Trade payables and other payables 26,865 23,682 23,967 Income tax 2,996 5,452 9,970 Provisions 99 128 22 Total current liabilities 36,893 32,478 38,016 Total liabilities 40,115 35,491 40,816 Total liabilities and equity 104,073 113,011 101,043 Page 14 of 18

Consolidated cash flow statement (EUR'000) 2011 2010 2011 2010 2010 Q3 Q3 9M 9M FY Profit for the period 5,219 2,460 16,020 4,904 24,390 Adjustments for non cash operating items 2,442 3,233 10,011 11,511 19,324 Changes in working capital 4,927 4,148 14,679 15,856 (4,119) Cash from operating activities before financial items 12,588 9,841 40,710 32,271 39,595 Financial income received 136 84 423 281 680 Financial expenses paid (130) (53) (334) (727) (734) Income taxes paid (1,387) (886) (11,222) (8,794) (11,028) Net cash flow from operating activities 11,207 8,986 29,577 23,031 28,513 Repayment of loan, associates 0 0 98 0 0 Purchase of intangible fixed assets (146) (117) (210) (292) (415) Purchase of property, plant and equipment (499) (323) (1,879) (1,920) (2,570) Proceeds from sale of property, plant and equipment 89 15 89 15 71 Purchase of financial assets (15) (25) (49) (60) (129) Proceeds from sale of financial assets 2 21 17 99 98 Net cash flow from/(used) in investing activities (569) (429) (1,934) (2,158) (2,945) Net cash from operating and investing activities 10,638 8,557 27,643 20,873 25,568 Sale of employees shares 0 0 0 823 823 Exercise of options 668 527 788 527 706 Dividends paid 0 0 (17,793) (18,255) (18,255) Acquisition of treasury shares (6,260) (4,805) (13,180) (8,736) (10,802) Net cash from/(used) in financing activities (5,592) (4,278) (30,185) (25,641) (27,528) Change in cash and cash equivalents 5,046 4,278 (2,542) (4,768) (1,960) Total cash flows for the period Cash and cash equivalents at beginning of period 35,016 35,477 42,689 44,305 44,305 Foreign exchange adjustment of cash and cash equivalents 48 (22) (37) 196 344 Cash and cash equivalents at 30 September 40,110 39,733 40,110 39,733 42,689 Page 15 of 18

Statement of changes in equity Share capital Exchange adjustment reserve Retained earnings Proposed dividend EUR '000 Total GROUP Equity at 1 January 2010 6,179 (3,854) 55,117 18,212 75,654 Comprehensive income for the period Profit for the period 0 0 4,904 0 4,904 Other comprehensive income Foreign currency translation differences for foreign operations 0 2,936 0 0 2,936 Total other comprehensive income 0 2,936 0 0 2,936 Total comprehensive income for the period 0 2,936 4,904 0 7,840 Transactions with owners Dividend paid to shareholders 0 0 (41) (18,212) (18,253) Share-based payment, employee shares 0 0 2,352 0 2,352 Share-based payment, options and shares 0 0 1,849 0 1,849 Tax, share-based payment 0 0 (479) 0 (479) Purchase of treasury shares 0 0 (8,736) 0 (8,736) Equity at 30 September 2010 6,179 (918) 54,966 0 60,227 Equity at 1 September 2010 6,179 (918) 54,966 0 60,227 Comprehensive income for the period Profit for the period 0 0 19,486 0 19,486 Other comprehensive income Foreign currency translation differences for foreign operations 0 (509) 0 0 (509) Total other comprehensive income 0 (509) 0 0 (509) Total comprehensive income for the period 0 (509) 19,486 0 18,977 Transactions with owners Dividend paid to shareholders 0 0 6 0 6 Share-based payment, options and shares 0 0 410 0 410 Tax, share-based payment 0 0 (34) 0 (34) Purchase of treasury shares 0 0 (2,066) 0 (2,066) Proposed dividend to shareholders 0 0 (17,915) 17,915 0 Equity at 31 December 2010 6,179 (1,427) 54,853 17,915 77,520 Equity at 1 January 2011 6,179 (1,427) 54,853 17,915 77,520 Comprehensive income for the period Profit for the period 0 0 16,020 0 16,020 Other comprehensive income Foreign currency translation differences for foreign operations 0 (343) 0 0 (343) Total other comprehensive income 0 (343) 0 0 (343) Total comprehensive income for the period 0 (343) 16,020 0 15,677 Transactions with owners Declared dividend to shareholders 0 0 81 (17,915) (17,834) Share-based payment, options and shares 0 0 2,108 0 2,108 Tax, share-based payment 0 0 (333) 0 (333) Purchase of treasury shares 0 0 (13,180) 0 (13,180) Equity at 30 September 2011 6,179 (1,770) 59,549 0 63,958 Page 16 of 18

Notes to the financial statements Accounting policies The interim report is presented in accordance with IAS 34 Interim financial reporting as adopted by the EU and Danish disclosure requirements for interim reports of listed companies. The accounting policies are consistent with those of the Annual Report 2010 except as described below. See pages 41-44 of the Annual Report 2010 for a comprehensive description of the accounting policies applied. Effective 1 January 2011, SimCorp A/S has implemented a number of mandatory accounting standards and interpretations which do not affect the recognition of the Group s result, assets, liabilities or equity. Effective August 2011, SimCorp has made an agreement regarding economic hedging of CHF in connection with future short term intercompany payments from a subsidiary. Judgments and estimates The preparation of interim reports requires management to make accounting judgments and estimates that affect the use of accounting policies and recognised assets, liabilities, income and expenses. Actual results may differ from these estimates. The most significant estimates made by management when using the Group s accounting policies and the most significant judgment uncertainties attached hereto are the same for the preparation of the interim report as for the preparation of the Annual Report 2010. Page 17 of 18

Segment information Benelux and France Software North develop- America ment EUR '000 1 July - 30 September 2011 Nordic region Central Europe UK and Ireland Asia and Australia Corporate functions Total Elimination/ not allocated Group Revenue external customers 9,511 15,009 4,403 6,104 3,060 3,322 313 0 41,722 0 41,722 Revenue between segments 1,098 1,533 413 1,057 417 3 13,621 31 18,173 (18,173) 0 Total segment revenue 10,609 16,542 4,816 7,161 3,477 3,325 13,934 31 59,895 (18,173) 41,722 Segment profit from operations (EBIT) 1,932 3,911 265 680 172 (211) 3,425 (4,263) 5,911 0 5,911 1 January - 30 September 2011 Revenue external customers 31,782 44,103 13,046 17,782 9,315 13,352 909 23 130,312 0 130,312 Revenue between segments 4,137 3,946 652 2,314 1,163 82 41,731 144 54,169 (54,169) 0 Segment revenue 35,919 48,049 13,698 20,096 10,478 13,434 42,640 167 184,481 (54,169) 130,312 Segment profit from operations (EBIT) 8,550 11,380 742 1,110 19 1,542 9,270 (11,403) 21,210 0 21,210 Total assets 10,385 16,034 4,477 15,181 6,854 8,458 2,611 5,823 69,823 34,250 104,073 1 July - 30 September 2010 Revenue external customers 8,140 14,540 3,046 5,002 2,424 4,848 361 4 38,365 0 38,365 Revenue between segments 1,225 1,077 285 741 692 36 11,536 28 15,620 (15,620) 0 Segment revenue 9,365 15,617 3,331 5,743 3,115 4,884 11,897 32 53,985 (15,620) 38,365 Segment profit from operations (EBIT) 1,714 3,539 (1,321) 728 (229) 847 724 (2,545) 3,457 0 3,457 1 January - 30 September 2010 Revenue external customers 26,995 43,033 12,632 17,248 7,449 15,176 978 11 123,522 0 123,522 Revenue between segments 4,453 3,635 1,205 2,754 1,836 81 37,004 401 51,368 (51,368) 0 Total segment revenue 31,448 46,668 13,837 20,002 9,285 15,257 37,982 412 174,890 (51,368) 123,522 Segment profit from operations (EBIT) 7,000 10,239 (1,274) 2,360 (1,034) 2,250 2,723 (12,874) 9,390 0 9,390 Total assets 7,772 17,398 5,606 14,822 2,592 8,304 3,047 3,949 63,489 37,554 101,043 Revenue disclosures are based on SimCorp s market units while asset allocation is based on the physical location of the assets. Unallocated assets relate to non-current headquarter assets, cash, tax and investments in associates. Reconciliation of the profit before tax 2011 Q3 2010 Q3 2011 9M 2010 9M (EUR'000) Total segment profit reported (EBIT) 5,911 3,457 21,210 9,390 Share of profit after tax in associates 38 14 81 17 Financial income 1,663 204 2,307 1,540 Financial expenses 138 520 1,470 3,316 Profit for the period before tax, see income statement 7,474 3,155 22,128 7,631 Property, plant and equipment and investment obligations The SimCorp Group does not hold assets under finance leases and has not provided assets as security. Contingent liabilities No material changes have occurred to the contingent liabilities referred to in the Annual Report 2010. Events after 30 September 2011 No significant events have occurred after the balance sheet date that affect the interim report. Page 18 of 18