Bayer AG Selects SunGard Adaptiv for Trading and Risk Management; Extends its SunGard Implementation for Cross-Asset Trading, Risk, and Treasury Management

Business Wire, May 12, 2004

Business Editors

NEW YORK--(BUSINESS WIRE)--May 12, 2004

SunGard Trading and Risk Systems, an operating group of SunGard (NYSE:SDS), today announced that German company Bayer AG has selected its Adaptiv solution to support foreign exchange, fixed income and energy and commodity trading.

Adaptiv will be linked to SunGard's AvantGard GTM treasury solution, already in place in Bayer's treasury operation, providing integrated risk management, trading, in-house banking and cash management. SunGard's MINT solution will provide the messaging structure between Adaptiv and AvantGard. Bayer's choice of SunGard across its treasury operation helps to deliver operational value to the business, as well as exceptional flexibility in meeting new business strategies.

Adaptiv will allow Bayer to analyze trading strategies and trading limits and incorporate real-time market data feeds for on-demand reporting. This will provide data for senior management regarding performance and provide Web-based reporting as part of Bayer's Treasury Portal - an intranet-based solution for distributing financial data within the company.

Alexander Burck, Bayer's head of corporate financial controlling, said, "We were looking for a risk management and trade entry system across a wide range of asset classes that could fit well with our current SunGard treasury system. SunGard was very attractive as a single supplier that could offer straight-through processing, helping us to improve efficiency and integrate our treasury and cash management operations."

Jim Ashton, chief executive officer of SunGard's treasury and risk management groups, said, "Large corporate treasuries are looking to streamline operations by moving to fewer systems and fewer suppliers. SunGard has the integrated solutions to enable corporations to meet this goal. By working with SunGard, Bayer will have an integrated trading, risk management and treasury solution across all the asset classes its operation uses."

About Bayer

Bayer is a research-based, growth-oriented global enterprise that plans to concentrate in future on its core competencies in the fields of health care, nutrition and innovative materials. It is therefore intended to place substantial parts of the existing chemicals and polymers activities into the new company Lanxess to be listed on the stock exchange by the beginning of 2005. The Bayer Group is committed to the principles of sustainable development - with economic growth, ecological integrity and social responsibility accorded equal priority in its corporate activities throughout the world. In 2003, Bayer employed some 115,400 people and had sales of EUR 28.6 billion. Capital expenditures amounted to EUR 1.7 billion, the R & D budget to EUR 2.4 billion. For more information on Bayer go to www.bayer.com.

About SunGard

SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo, Adaptiv, AvantGard and Mint are trademarks or registered trademarks of SunGard Data Systems Inc. in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.