Siemens AG — Major Shareholding Notification 2007

Mar 14, 2007

News Details

Ad-hoc | 14 March 2007 20:03

Siemens AG: Nokia Siemens Networks will begin operations on April 1, 2007

Siemens Aktiengesellschaft / Strategic Company Decision

Release 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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Nokia and Siemens announce that Nokia Siemens Networks will start
operations on April 1, 2007. Nokia and Siemens are contributing their
respective carrier networks businesses and corresponding assets into this
new 50:50 company. Both parties have agreed to increase their respective
net asset contributions to the new company, with Siemens to contribute EUR
2.4 billion and Nokia to contribute EUR 1.7 billion. With its global scale
and size, Nokia Siemens Networks is in a great position to play an industry
leading role by developing innovative, cost-efficient products and
services.

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Information and Explaination of the Issuer to this News:

Disclaimer:
This document contains forward-looking statements and information – that
is, statements related to future, not past, events. These statements may be
identified by words as 'expects,' 'anticipates,' 'intends,' 'plans,'
'believes,' 'seeks,' 'estimates,' 'will' or words of similar meaning. Such
statements are based on our current expectations and certain assumptions,
and are, therefore, subject to certain risks and uncertainties. A variety
of factors, many of which are beyond Siemens’ control, affect its
operations, performance, business strategy and results and could cause the
actual results, performance or achievements of Siemens worldwide to be
materially different from any future results, performance or achievements
that may be expressed or implied by such forward-looking statements. For
us, particular uncertainties arise, among others, from: changes in general
economic and business conditions (including margin developments in major
business areas); the challenges of integrating major acquisitions and
implementing joint ventures and other significant portfolio measures;
changes in currency exchange rates and interest rates; introduction of
competing products or technologies by other companies; lack of acceptance
of new products or services by customers targeted by Siemens worldwide;
changes in business strategy; the outcome of investigations and legal
proceedings as well as various other factors. More detailed information
about certain of these factors is contained in Siemens’ 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 does not intend
or assume any obligation to update or revise these forward-looking
statements in light of developments which differ from those
anticipated.

Irina Pchelova
+49 89 636 33693

DGAP 14.03.2007

Language: English
Issuer: Siemens Aktiengesellschaft
Wittelsbacherplatz 2
80333 München Deutschland
Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-32908
E-mail: investorrelations@siemens.com
www: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Hannover, München, Hamburg, Düsseldorf, SWX, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) London, NYSE

End of News DGAP News-Service

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