SimCorp

M&A Activity • Jun 29, 2017

Today, SimCorp has signed an agreement to acquire all shares in APL Italiana
S.p.A. (APL Italiana) for a total enterprise value of EUR 35m. This includes
EUR 10m in SimCorp shares. The purchasing price will be adjusted upwards with
estimated EUR 3m upon closing of the agreement.

APL Italiana is a leading provider of investment and portfolio management
software for the Italian insurance market. The company is based in Milan and
has approximately 120 employees. In 2016, APL Italiana generated revenue of EUR
16.6m and EBIT of EUR 4.8m.*

The acquisition will be effective on 1 July, 2017, and closing of the agreement
is planned to be 1 August, 2017. SimCorp expects the acquisition to increase
its revenue by 2% and have no material impact on EBIT margin in 2017.

Following the acquisition, APL Italiana will be renamed SimCorp Italiana and
form the basis of SimCorp’s new Italian market unit with the aim of
strengthening SimCorp’s position in the Italian market. SimCorp expects to
realize synergies from harmonizing development and consulting services across
the two organizations. Further, SimCorp expects the acquisition to present
cross-sales opportunities with SimCorp Dimension.

APL Italiana’s software solution, SOFIA, will continue to exist to address the
specific needs of the Italian insurance market. The solution will be renamed
SimCorp Sofia. The management team of APL Italiana will stay and are committed
to continue their work in the company going forward.

Commenting on the acquisition, SimCorp CEO, Klaus Holse says: ”Following the
recent client wins in Italy and Spain, the acquisition of APL Italiana helps us
further establish our position in Southern Europe. In addition to a strong
development organization, APL Italiana has a well-developed consulting and
services business. This, and more than 100 new employees with IT and asset
management knowledge, will be an asset for us when further building our
position in this and other markets. All in all, I see APL Italiana as a perfect
match for us and I am proud to welcome their employees and clients to the
SimCorp family.”

The SimCorp shares that are part of the purchase price will be subject to a
lock-up restriction. They will be released to the sellers of APL Italiana with
1/3 per year during the three years following closing, with the last shares
being released following the announcement of SimCorp’s 2019 results.

SimCorp will in connection with the acquisition issue new shares with a total
value of EUR 10m. Further details on the issuance of shares will be announced
separately.

*Reported in accordance with Italian GAAP.

Enquiries
Investor contacts:
Klaus Holse, Chief Executive Officer, (+45 3544 8802, +45 2326 0000)
Søren Strøm, Chief Financial Officer (Interim), (+45 3544 6853, +45 2019 3144)

Media contact:
Anders Crillesen, Group External Communications Manager, (+45 3544 6474, +2779
1286)

About APL Italiana S.p.A.
APL Italiana S.p.A is a leading provider of investment and portfolio management
software for the Italian insurance market based on its SOFIA platform. Founded
in 1983, the company employs around 120 people with main office in Milan, and
office locations in Trieste, Pistoia and Paris. For more information about APL
Italiana S.p.A., please visit www.apl.it.

About SimCorp
Since 1971, SimCorp has been providing investment and portfolio management
software and services to the world’s leading investment managers, asset
managers, fund managers, fund administrators, pension funds, insurance funds
and wealth managers. SimCorp’s advanced software provides global financial
organizations with the tools they need to mitigate risk, reduce cost and enable
growth. SimCorp is a global company, regionally covering all of Europe, North
America and Asia Pacific. Listed on the NASDAQ OMX Nordic, SimCorp is dedicated
to supporting the global investment management industry, its clients and its
investors. For more information about SimCorp, please visit www.simcorp.com.

Company Announcement no. 27/2017