The following includes a message from John Chen, Sybase chairman, CEO and president, and excerpts from Sybase's Statement of Values and Business Ethics:

Message from John Chen:

One of Sybase's competitive strengths has always been the recognized fact that we are a very ethical company with integrity. Because Sybase holds a position of leadership in the industry, we want to ensure our dedication to maintaining the fundamental principles of fairness, honesty and common sense, which are the heart of the company's philosophy, values and corporate standards.

Strong business ethics should form the basis for all of our relationships with employees, customers, partners, competitors, suppliers and colleagues. Actions that fall short of, or even appear to fall short of, these standards can only undermine our business integrity, standards of excellence, and ultimately our success as a company.

Because preserving these values and business ethics is a responsibility that falls to all of us, we urge our employees to read and review Sybase's Statement of Values and Business Ethics.

Below is an excerpt from Sybase's Statement of Values and Business Ethics:

Introduction:

This short summary is obviously not meant to address every instance in which we are called upon to observe and practice sound business ethics. However, it is meant to remind us that if we each strive to live and abide by basic ethical principles in the day-today conduct of our business, we will foster an environment of mutual trust and respect, and continue to build on our global reputation for integrity, which is the foundation of the company. Sybase believes that trusting, long-term relationships are built through honesty, openness and fair play. All aspects of our business must be based on the highest ethical standards.

Since good judgment is a fundamental basis of everything Sybase does as a company, understanding our ethical and legal parameters can only strengthen that judgment. Since we are a global company, we have a responsibility to follow applicable laws and regulations in all locations where we do business. Instances where the law is not explicit require using good judgment, adhering to the spirit of the law, and following the principles of honesty, integrity, and common sense.

Work Environment:

Sybase respects and highly values its diverse employee population. Accordingly, the company has an unwavering ethical commitment toward promoting a workplace that is respectful of personal differences and free of discrimination and harassment. This principle applies in our hiring and interviewing process as well as all aspects of our work environment. By providing a respectful, creative, and positive atmosphere where employees can be successful and achieve, Sybase is capable of attracting, motivating, and retaining the best people available.