Business Objects announced that its board of directors has authorized the repurchase of up to 2 million shares of its stock, under the share repurchase program authorized by its shareholders on June 10, 2004 and under the terms of the "Note d'information" which received AMF visa number 04-436 on May 14, 2004.

The shares repurchased will become treasury shares, and may be used for general corporate purposes, including share issuance requirements of the Company's employee stock option plan and share issuance requirements in the context of an acquisition or exchange.

As of June 30, 2004, the company had approximately 91 million outstanding shares, and its balance of cash and cash equivalents was approximately $203 million.

Any share repurchases may be made, from time to time, in the open market, through block trades or otherwise. Depending on market conditions and other factors, these repurchases may be commenced or suspended at any time, or from time to time, without prior notice.

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