CORRECTION: SimCorp's Annual Report 2010

Today, SimCorp's Board of Directors reviewed and approved the Group's annual report for 2010. Highlights of the report are: Revenue was up 3% to EUR 185m (DKK 1.38bn) and posted EBIT of EUR 35.2m (DKK 262m). The EBIT margin was 19.0%. SimCorp enters 2011 with 19% more revenue secured contracts compared with entering 2010. At the company's Annual General Meeting SimCorp's Board of Directors will suggest that dividend of EUR 17.9m be paid to the company's shareholders, corresponding to DKK 30.00 per share of DKK 10. In addition, given there are no specific requirements for liquidity SimCorp expects to continue to buy back shares in 2011, with the intention to purchase for EUR 5m during the first six months.

The full annual report has been submitted to NASDAQ OMX Copenhagen A/S as an electronic document. The annual report is also available for download from SimCorp’s website www.simcorp.com, as are selected statements from Q4 2010.

Investor meeting

SimCorp’s Executive Management Board will present the annual report at an investor meeting to be held on Tuesday, 1 March 2011 at 9:00 a.m. at the company’s headquarters, Weidekampsgade 16, 2300 Copenhagen S. The meeting will be open to the public. An electronic meeting facility has been set up through the following webcast, where it will also be possible to ask questions online via e-mail: http://storm.zoomvisionmamato.com/player/simcorp/objects/h3vnrd5k.

The presentation will be available afterwards via SimCorp’s website www.simcorp.com.

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Enquiries regarding this announcement should be addressed to:
Peter L. Ravn, Chief Executive Officer, SimCorp A/S (+45 3544 8800, +45 4076 1841) or
Niels Beck, Senior Vice President, SimCorp A/S (+45 3544 8800, +45 2270 1433) or
Thomas Bry, Senior Vice President, SimCorp A/S (+45 3544 8800, +45 2092 7454).

SimCorp A/S