Business Objects Announces a 3 for 2 Stock Split

Business Wire, Dec 11, 2000

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 11, 2000

Business Objects (Nasdaq:BOBJ)(Euronext Paris: code SICOVAM 12074) today announced that at a General Meeting of shareholders to be held on February 6, 2001, the company will propose a resolution authorizing a capital increase through capitalization of reserves or issue premium, allowing for stock dividends. If the resolution is adopted, the company intends, in order to enhance the liquidity of its shares, to effect a 3 for 2 stock split of its ordinary shares, which would be effected in the form of a stock dividend, effective on or about February 22, 2001 for all ordinary shares and American Depositary Shares issued as of that date. In connection with the stock split, one additional American Depositary Share would be issued for every two existing American Depositary Shares of the company, each of the American Depositary Shares corresponding to one ordinary share. The prices of the company's ordinary shares traded on the Euronext Paris and the company's American Depositary Shares traded on the Nasdaq National Market would be adjusted on the effective date.

About Business Objects

Business Objects is the world's leading provider of e-business intelligence (e-BI) solutions. The company coined the term e-business intelligence in 1998 to describe the intersection of business intelligence and the internet. Using e-business intelligence, organizations can access, analyze and share information in intranet, extranet, and e-business environments. In intranets, the company's products provide employees with information to make better business decisions, and are used in environments ranging from workgroups of 20 users to enterprise deployments exceeding 20,000. In the extranet environment, the company is pioneering the use of e-BI in applications that allow organizations to build stronger relationships by linking customers, partners, and suppliers via the internet. In addition, the company's products can improve the performance of an e-business by providing reporting and analysis against the ever-expanding amount of transaction and profile data that is collected each day throughout the world wide web.

Founded in 1990, Business Objects pioneered the modern business intelligence industry by inventing and patenting a "semantic layer" that insulates users from the technical complexity of database systems. Today, the company has over 11,500 customers in more than 80 countries.. The company's stock is publicly traded under the ticker symbols NASDAQ: BOBJ and Euronext Paris: code SICOVAM 12074, and included in the ABF 120 and IT CAC 50 French stock market indexes. Business Objects can be reached at 408-953-6000 and www.businessobjects.com.