Interim report as of 30 September 2010 - SimCorp A/S

SimCorp's business growth for the first nine months of the year was lower than
projected. At EUR 123.5m, 9M revenue was unchanged from the year-earlier
period. After increased costs of expanding sales and distribution activities
and non-recurring costs, 9M EBIT was EUR 9.4m against EUR 18.6m in the
year-earlier period. 

SimCorp has on this background revised its projections for revenue growth and
overall business growth for 2010. Based on the prevailing exchange rates
SimCorp projects revenue growth in terms of EUR of 5% to 10%, against
previously around 10% and overall business growth of around 10%.The projections
are based on the assumption that the prevailing exchange rates for SimCorp's
key currencies to EUR as of 15 November stays at the same level for the
remainder of 2010, which compared with the exchange rates for 2009 has had a
positive impact on SimCorp's projected overall revenue. It should furthermore
be noted that growth is in part based on new licence orders being won in 2010,
which is subject to some uncertainty in respect of timing and recognition in
the income statement. As costs are not fully affected by changes in revenue,
the EBIT margin might vary significantly, but is expected to be between 20% and
22%, against previously around 22%.