BUSINESS OBJECTS S.A. 9,550,000 AMERICAN DEPOSITARY SHARES EACH REPRESENTING ONE ORDINARY SHARE, NOMINAL VALUE €0.10 UNDERWRITING AGREEMENTUnderwriting Agreement • November 10th, 2005 • Business Objects S.A. • Services-prepackaged software • New York
New SAC, a Cayman Islands exempted limited liability company (the “Selling Shareholder” or “New SAC”) proposes to sell to Goldman, Sachs & Co. (the “Underwriter”), an aggregate of 9,550,000 American Depositary Shares (“ADSs”), each ADS representing one ordinary share, nominal value €0.10 per share, of Business Objects S.A., a société anonyme organized under the laws of the Republic of France (the “Company”).
