EXHIBIT 8

SUBSIDIARIES, ASSOCIATED COMPANIES AND OTHER INVESTMENTS

Name and location of company

I. AFFILIATED COMPANIES

GERMANY

SAP Deutschland AG & Co. KG, Walldorf
SAP Systems Integration AG, Dresden ^{2), 3)}
Steeb Anwendungssysteme GmbH, Abstatt
SAP Hosting AG & Co. KG, St. Leon-Rot
DCW Software F+E GmbH, Mannheim
SAP Beteiligungs GmbH, Walldorf
SAP Portals Europe GmbH, Walldorf ²⁾
SAP Retail Solutions Beteiligungsgesellschaft mbH, Walldorf
SAP Hosting Beteiligungs GmbH, St. Leon-Rot
sky7home GmbH, Walldorf
SAP Investment- und Beteiligungs GmbH, Walldorf
eSAP Beteiligungs GmbH, Walldorf
SAP SI Consulting GmbH, Walldorf
SAP Portals Holding Beteiligungs GmbH, Walldorf ²⁾
SAP Beteiligungsverwaltungs GmbH, Walldorf

REST OF EUROPE, MIDDLE EAST, AFRICA

SAP (UK) Limited, Feltham/Great Britain
SAP (Schweiz) AG, Biel/Switzerland
SAP France S.A., Paris/France
S.A.P. ITALIA SISTEMI, APPLICAZIONI, PRODOTTI IN DATA PROCESSING S.P.A., Milan/Italy ²⁾
S.A.P. Nederland B.V., ‘s-Hertogenbosch/The Netherlands ²⁾
SAP Österreich GmbH, Vienna/Austria
SAP España Sistemas, Aplicaciones y Productos en la Informática, S.A., Madrid/Spain ²⁾
SAP Danmark A/S, Copenhagen/Denmark
SYSTEMS APPLICATIONS AND PRODUCTS IN DATA PROCESSING (NV SAP BELGIUM SA), Brussels/Belgium ²⁾
Systems Applications Products (Africa) (Pty) Ltd, Johannesburg/South Africa
LLC “SAP C.I.S. and Baltic States”, Moscow/Russia
SAP Svenska Aktiebolag, Stockholm/Sweden
SAP ČR, spol. s r.o., Praha/Czech Republic
SAP Portals Israel Ltd., Ra’anana/Israel ²⁾
SAP Portugal — Sistemas, Aplicações e Produtos Informáticos, Sociedade Unipessoal, Lda., Paço d’Arcos/Portugal
SAP Finland Oy, Espoo/Finland
SAP Norge AS, Lysaker/Norway
SAP SSC (Ireland) Limited, Dublin/Ireland
SAP Public Services (Pty) Ltd., Johannesburg/South Africa ²⁾
SAP Polska Sp. z.o.o., Warsaw/Poland
SAP Hungary Rendszerek, Alkalmazások és Termékek az Adatfeldolgozásban Informatikai Kft., Budapest/Hungary
SAP Hellas “Systems Application and Data Processing S.A.”, Athens/Greece
SAP Slovensko s.r.o., Bratislava/Slovakia
SAP LABS FRANCE S.A., Mougins/France
SAP Manage Ltd., Ra’anana/Israel
SAP Türkiye Yazilim Üretim ve Tic. A.S., Istanbul/Turkey
SAP sistemi, aplikacije in produkti za obdelavo podatkov d.o.o., Ljubljana/Slovenia
SAP Ireland Limited, Dublin/Ireland
LLC “SAP Ukraine”, Kiev/Ukraine
SAP Labs Bulgaria EOOD, Sofia/Bulgaria
SAP Labs Israel Ltd., Herzliya/Israel
SAP d.o.o., Zagreb/Croatia
SAP PORTALS UK LIMITED, Feltham/Great Britain ²⁾
SAP Kazakhstan LLP, Almaty/Kazakhstan
SAP BULGARIA LTD, Sofia/Bulgaria ²⁾
SAP CYPRUS LTD, Nicosia/Cyprus ²⁾
Systems Applications Products Limited, Abuja/Nigeria ²⁾
SAP Portals Nederland B.V., ‘s-Hertogenbosch/The Netherlands
Ithinqcom (Pty) Ltd., Johannesburg/South Africa ²⁾
SAP Public Services BEE Investment Trust (Pty) Ltd, Johannesburg/South Africa ²⁾
Ambin Properties (Pty) Ltd., Johannesburg/South Africa ²⁾
SAP Business Services Centre Europe s.r.o., Praha/Czech Republic ¹⁾

AMERICAS

SAP America, Inc., Newtown Square/USA
SAP Public Services, Inc., Washington, D.C./USA ²⁾
SAP Canada Inc., Toronto/Canada
SAP Labs, LLC, Palo Alto/USA ²⁾
SAP Global Marketing Inc., New York/USA
SAP Brasil Ltda., São Paulo/Brazil
SAP México, S.A. de C.V., Mexico City/Mexico
SAP Andina y del Caribe C.A., Caracas/Venezuela
SAP ARGENTINA S.A., Buenos Aires/Argentina
SAP Georgia LLC, Newtown Square/USA ^{1), 2)}
SAP International, Inc., Miami/USA ²⁾
SAP Properties, Inc., Newtown Square/USA ²⁾
SAP Government Support and Services, Inc., Newtown Square/USA ²⁾
SAP Investments, Inc., Wilmington/USA ²⁾
SAP Financial Inc., Toronto/Canada ²⁾

ASIA, PACIFIC

SAP JAPAN Co., Ltd., Tokyo/Japan
SAP Australia Pty Ltd, Sydney/Australia
SAP INDIA SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING PRIVATE LIMITED, Bangalore/India
SAP (Beijing) Software System Co., Ltd., Beijing/China
SAP ASIA PTE LTD, Singapore
SAP Korea Limited, Seoul/Korea
SAP New Zealand Ltd, Auckland/New Zealand
SAP Labs India Private Limited, Bangalore/India
SAP MALAYSIA SDN. BHD., Kuala Lumpur/Malaysia
SAP SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING (THAILAND) LTD., Bangkok/Thailand
SAP Taiwan Co., Ltd., Taipeh/Taiwan
SAP HONG KONG CO. LIMITED, Hong Kong/China
PT SAP Indonesia, Jakarta/Indonesia
SAP Philippines, Inc., Makati City/Philippines
SAPMarkets Asia Pacific Solutions PTE LTD, Singapore
SAP INDIA (HOLDING) PTE LTD, Singapore

II. ASSOCIATED COMPANIES

Global Virtual Marketplace GmbH, Munich/Germany
Pandesic LLC i.L., Newtown Square/USA
Garderos Software Innovations GmbH, Munich/Germany
Procurement Negócios Eletrônicos S.A., Rio de Janeiro/Brazil
CO Liquidation, Inc., formerly Commerce One, Inc., San Francisco/USA ⁴⁾

III. OTHER INVESTMENTS (ownership 5 or more percent)

Abaco Mobile, Inc., Alpharetta/USA	Marketline Internet Szolgáltató Részvénytársaság, Budapest/Hungary
Apriso Corporation, Long Beach/USA	Onventis GmbH, Stuttgart/Germany
Centrade, a.s., Praha/Czech Republic	Ops Technology, Inc., San Francisco/USA
Datria Systems, Inc., Englewood/USA	Orbian Corporation Ltd., Bermuda/USA
Deutsches Forschungszentrum für Künstliche Intelligenz GmbH,	Powersim Corporation, Virginia/USA
Kaiserslautern/Germany	Realize Corporation, Tokyo/Japan
e-millenium 1 GmbH & Co. KG, Munich/Germany	SteelEye Technology, Inc., Palo Alto/USA
Grau Data Storage AG, Schwäbisch Gmünd/Germany	SupplyOn AG, Hallbergmoos/Germany
HUBWOO.com SA, Paris/France	T3C Inc., Mountain View/USA
Human Resource Management & Consulting Co. Ltd., Tokyo/Japan	Venture Capital Beteiligungs GbR, Frankfurt/Germany
IBSN, Inc., Denver/USA	Voice Objects AG, Bergisch Gladbach/Germany
Ignite Technologies, Inc., formerly CABC, Inc., Dallas/USA	YellowMap AG, Karlsruhe/Germany
imc information multimedia communication AG, Saarbrücken/Germany	Zend Technologies Ltd., Ramat Gan/Israel
Intalio, Inc., Redwood City/USA

1)	Consolidated for the first time in 2004
2)	Represents a wholly or majority owned entity of a subsidiary
3)	Publicly held company
4)	CO Liquidation, Inc. filed for bankruptcy in 2004, sold all of its assets and is no longer an operating business