Siemens AG — Board/Management Information 2011

Mar 28, 2011

News Details

Ad-hoc | 28 March 2011 22:13

Siemens Aktiengesellschaft: Establishing of the Sector Infrastructure & Cities; planned IPO of Osram

Siemens Aktiengesellschaft / Key word(s): Miscellaneous

28.03.2011 22:13

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Siemens is establishing a fourth Sector, Infrastructure & Cities. The goal
is to be a leading participant in the dynamic growth and technology trends
now taking place in the development and renewal of urban structures in the
industrial and emerging countries. This organizational change and its
reflection in financial reporting will become effective at the beginning of
the new fiscal year on October 1, 2011. Roland Busch, Klaus Helmrich and
Michael Süß have been appointed to the Managing Board of Siemens AG,
effective April 1, 2011. Busch, currently head of Corporate Strategies,
will be CEO of the newly created Infrastructure & Cities Sector. Helmrich,
currently CEO of the Drive Technologies Division, will hold the Managing
Board portfolio for Technology. Süß, currently CEO of the Fossil Power
Generation Division, will be CEO of the Energy Sector. Wolfgang Dehen will
leave the Managing Board of Siemens AG to become CEO of the Executive Board
of Osram GmbH, effective April 1, 2011. Siemens plans a public listing for
its lighting business Osram, which has its own technologies and marketing
organization. Siemens intends to remain a long-term anchor shareholder in
Osram. Osram's IPO is planned for the fall of 2011. The Supervisory Board
of Siemens AG approved these changes at an extraordinary meeting on March
28, 2011.

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Information and Explaination of the Issuer to this News:

This document contains forward-looking statements and information - that
is, statements related to future, not past, events. These statements may be
identified by words such as 'expects,' 'looks forward to,' 'anticipates,'
'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' 'will,' 'project' or
words of similar meaning. Such statements are based on the current
expectations and certain assumptions of Siemens' management, and are,
therefore, subject to certain risks and uncertainties. A variety of
factors, many of which are beyond Siemens' control, affect Siemens'
operations, performance, business strategy and results and could cause the
actual results, performance or achievements of Siemens to be materially
different from any future results, performance or achievements that may be
expressed or implied by such forward-looking statements. In particular,
Siemens is strongly affected by changes in general economic and business
conditions as these directly impact its processes, customers and suppliers.
This may negatively impact our revenue development and the realization of
greater capacity utilization as a result of growth. Yet due to their
diversity, not all of Siemens' businesses are equally affected by changes
in economic conditions; considerable differences exist in the timing and
magnitude of the effects of such changes. This effect is amplified by the
fact that, as a global company, Siemens is active in countries with
economies that vary widely in terms of growth rate. Uncertainties arise
from, among other things, the risk of customers delaying the conversion of
recognized orders into revenue or cancelling recognized orders, of prices
declining as a result of continued adverse market conditions by more than
is currently anticipated by Siemens' management or of functional costs
increasing in anticipation of growth that is not realized as expected.
Other factors that may cause Siemens' results to deviate from expectations
include developments in the financial markets, including fluctuations in
interest and exchange rates (in particular in relation to the U.S. dollar),
in commodity and equity prices, in debt prices (credit spreads) and in the
value of financial assets generally. Any changes in interest rates or other
assumptions used in calculating obligations for pension plans and similar
commitments may impact Siemens' defined benefit obligations and the
anticipated performance of pension plan assets resulting in unexpected
changes in the funded status of Siemens' pension and other post-employment
benefit plans. Any increase in market volatility, further deterioration in
the capital markets, decline in the conditions for the credit business,
continued uncertainty related to the subprime, financial market and
liquidity crises, or fluctuations in the future financial performance of
the major industries served by Siemens may have unexpected effects on
Siemens' results. Furthermore, Siemens faces risks and uncertainties in
connection with: disposing of business activities, certain strategic
reorientation measures; the performance of its equity interests and
strategic alliances; the challenge of integrating major acquisitions,
implementing joint ventures and other significant portfolio measures; the
introduction of competing products or technologies by other companies or
market entries by new competitors; changing competitive dynamics
(particularly in developing markets); the risk that new products or
services will not be accepted by customers targeted by Siemens; changes in
business strategy; the outcome of pending investigations, legal proceedings
and actions resulting from the findings of, or related to the subject
matter of, such investigations; the potential impact of such investigations
and proceedings on Siemens' business, including its relationships with
governments and other customers; the potential impact of such matters on
Siemens' financial statements, and various other factors. More detailed
information about certain of the risk factors affecting Siemens is
contained throughout this report and in Siemens' other filings with the
SEC, which are available on the Siemens website, www.siemens.com, and on
the SEC's website, www.sec.gov. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in the
relevant forward-looking statement as expected, anticipated, intended,
planned, believed, sought, estimated or projected. Siemens neither intends
to, nor assumes any obligation to, update or revise these forward-looking
statements in light of developments which differ from those
anticipated.

Siemens Investor Relations
Tel.: +49 89 636 32474
Fax: +49 89 636 32830
Mail: investorrelations@siemens.com

28.03.2011 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Siemens Aktiengesellschaft
Wittelsbacherplatz 2
80333 München
Deutschland
Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-52000
E-mail: investorrelations@siemens.com
Internet: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; London, NYSE, SIX

End of Announcement DGAP News-Service

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