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Annual Document According to Section 10 German Securities Prospectus Act

Section 10 of the German Securities Prospectus Act (Wertpapierprospektgesetz, WpPG) which was enacted on 1 July 2005, requires all issuers of securities which are listed on an organised market to annually provide the general public with a document containing or referring to all information published or otherwise made available in the previous twelve months by the issuer to the general public in accordance with certain statutory provisions for the capital market.
Please note that the information in this annual document in accordance with § 10 WpPG or information which is referred to therein will not be updated and therefore might be outdated. Neither the annual document nor the information therein and the information to which the annual document refers to shall constitute an offer or the solicitation of an offer to purchase or sell securities.

Not all of the information in the annual document or the information which the annual document refers to has to be provided in English under German law. Therefore only the German version of the annual document is legally binding while the English translation is for convenience only.

In the period between 01/01/2007 and 31/12/2007 update software AG has published or made available the following information in the meaning of Section 10 sub-paragraph 1 of the German Securities Prospectus Act (WpPG):

Ad-hoc Releases (§15 WpHG)

 01/24/2007
update software AG: Record revenue and earnings in 2006

 02/01/2007
update software AG: new major shareholder announces ownership position

 02/01/2007
update software AG: update plans acquisition in Western Europe

 04/20/2007
update software AG: Q1 total revenue up by around 17 percent, EBIT by around 37 percent

 04/25/2007
update software AG: supervisory board confirms 2006 audited financial statements

 04/26/2007
update software AG acquires 100 percent of ORGAPLAN Software GmbH

 05/23/2007
update software AG: capital increase approved

 07/20/2007
update software AG: revenue hit yet another record high while EBIT doubled in second quarter of 2007

 10/19/2007
update software AG: impressive third-quarter growth

Directors’ Dealings (§15a WpHG)

 Notifications about Directors´ Dealings
in accordance with § 15a WpHG in 2007

Significant Voting Rights (§26 WpHG)

 05/30/2007 Published according to § 26 WpHG (in German only)
 06/25/2007 Published according to § 26 WpHG (in German only)

Total Voting Rights (§26a WpHG)

 06/29/2007 Published according to § 26a WpHG (in German only)
 12/20/2007 Published according to § 26a WpHG (in German only)
 12/31/2007 Published according to § 26a WpHG (in German only)

Annual Report and Group Management Report

 Annual Financial Statements 2006 (in German only)
 Annual Report 2006
with Consolidated Financial Statement and Group Management Report 2006

Interim Reports

 Report Q1/2007
 Report Q2/2007
 Report Q3/2007

Annual General Meeting 2007

 06/05/2007 Invitation and Agenda 2007

Financial Calendar

 Financial Calendar 2007

If the links do not work, the documents to which this annual document refers are available free of charge from update software AG,  Investor Relations.

Contact
Andreas Mössner
Investor Relations Manager



update software AG
Operngasse 17 - 21
1040 Vienna
Austria

Tel.: +43 1 878 55 512
Fax: +43 1 878 55 9512

e-mail
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