Torben Munch will resign from his position as SimCorp's Chief Operating Officer on 24 August 2012

Referring to the company announcement of 29 June 2012 regarding Torben B. Munch’s notice to the company about termination of his service contract with SimCorp, it has been agreed with Torben B. Munch that he will resign as COO and member of the executive management Board effective as of 24 August 2012.

Enquiries regarding this announcement should be addressed to:

Jesper Brandgaard, Chairman of the Board of Directors, SimCorp A/S (+45 3544 8800, +45 4442 3295) or

Peter L. Ravn, Chief Executive Officer, SimCorp A/S (+45 3544 8800, +45 4076 1841)