Business Objects: Notification of Availability of the note d'opération en réponse That Received the AMF Visa N° 07-426 Dated November 27, 2007

Regulatory News: Not for distribution in or into the United States, Canada and Japan Business Objects (NASDAQ:BOBJ) (Paris:BOB), the world’s leading provider of business intelligence (BI) solutions, today announced that the note d’opération en réponse established in the context of the tender offer initiated by SAP AG has been made available to the public on its web site at: [http://www.france.businessobjects.com/societe /investisseurs/corporate/inforeglementee.asp] (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Pursuant to Article L. 621-8 of the French Monetary and Financial Code (Code monétaire et financier) and Article 231-26 of the AMF General Regulations, the French Autorité des Marchés Financiers ("AMF”) approved the visa n° 07-426 dated November 27, 2007 on this note d’opération en réponse. The note d’opération en réponse is also available on the website of the AMF (www.amf-france.org). Copies of the note d’opération en réponse may also be acquired free of charge by writing to Business Objects S.A., 157-159, rue Anatole France in Levallois-Perret (92300). Pursuant to Article 231-28 of the AMF General Regulations, information relating to, notably, legal, financial and accounting characteristics of Business Objects SA, will be filed with the AMF and made available to the public at the latest one day before the beginning of the offer. This press release is published by Business Objects pursuant to Article 231-27 3° of the AMF General Regulations. About Business Objects Business Objects has been a pioneer in business intelligence (BI) since the dawn of the category. Today, as the world’s leading BI software company, Business Objects transforms the way the world works through intelligent information. The company helps illuminate understanding and decision-making at more than 44,000 organizations around the globe. Through a combination of innovative technology, global consulting and education services, and the industry’s strongest and most diverse partner network, Business Objects enables companies of all sizes to make transformative business decisions based on intelligent, accurate, and timely information. Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company’s stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com. Business Objects and the Business Objects logo, BusinessObjects, WebIntelligence, Crystal Reports, Intelligent Question, Xcelsius and Desktop Intelligence are registered trademarks and the intellectual property of Business Objects S.A. and/or its subsidiaries in the United States and/or other countries. All other company or product names mentioned herein are trademarks of their respective owners. The diffusion, publication or distribution of this press release may be subject to statutory or regulatory restrictions in certain countries. This press release is not addressed to individuals subject to such restrictions, either directly or indirectly. Receipt of this press release does not constitute an offer in countries where a tender offer or an offer of securities would be illegal. This press release may not be published, distributed or disseminated or otherwise sent into the United States (including in U.S. territories and holdings, or in any of these States, as well as in the District of Columbia), Canada, Japan, or in any other country. This press release may be distributed, published or sent in the United Kingdom only to (i) professional investors falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order”), or (ii) to entities who hold a certain level of assets ("high net worth entities”) or to any other type of person to whom it may be legally transmitted, falling within article 49(2) (a) to (d) of the Order (together the "relevant persons”). This press release is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this press release relates is available only to relevant persons and will be engaged in only with relevant persons.