SQS Software Quality Systems AG Regulatory News (SQS)

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Ralph Gillessen

2.

Reason for the notification

a)

Position/status:

COO / Member of the Executive Board (Mitglied des Vorstands)

b)

Initial notification/Amendment:

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name: SQS Software Quality Systems AG

b)

LEI: 529900DU5PBUHKEESW60

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument: Shares (registered non-par value shares of EUR 1 each)

Identification code: n/a

b)

Nature of the transaction:

Share purchase linked to the exercise of a share option programme

c)

Price(s) and volume(s):

d)

Aggregated information:

· Aggregated volume: 60,000 shares = EUR 178,800

· Price: EUR 2.98

e)

Date of the transaction: 2017-09-26, +02.00

f)

Place of the transaction: outside a trading venue