Siemens Ltd. — Regulatory Filings 2021

Dec 23, 2021

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23[rd] December, 2021

National Stock Exchange of India Limited BSE Limited

– Scrip Code

National Stock Exchange of India Limited: SIEMENS EQ BSE Limited: 500550

Sub: Disclosure of related party transactions pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

Dear Sir / Madam,

Pursuant to Regulation 23(9) of the Listing Regulations, please find enclosed disclosure of related party transactions on a consolidated basis, for half year ended 30[th] September, 2021.

Kindly take the same on record.

Yours faithfully, For Siemens Limited

KETAN Digitally signed by KETANNANDKISHOR THAKER NANDKISHOR DN: cn=KETAN NANDKISHORTHAKER, c=IN, o=Personal, THAKER email=ketan.thaker@siemens.comDate: 2021.12.23 16:15:18 +05'30'

Ketan Thaker Company Secretary

Encl.: as above

Siemens Limited Management: Sunil Mathur CIN: L28920MH1957PLC010839

Birla Aurora, Level 21, Plot No. 1080, Tel.: +91 22 6251 7000 Dr. Annie Besant Road, Worli, Website: www.siemens.co.in Mumbai – 400030 E-mail- CorporateIndia Secretariat.in@siemens.com

Registered Office: Birla Aurora, Level 21, Plot No. 1080, Dr. Annie Besant Road, Worli, Mumbai – 400030. Telephone +91 22 6251 7000. Fax +91 22 24362403. Sales Offices: Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Gurgaon, Hyderabad, Jaipur, Jamshedpur, Kharghar, Kolkata, Lucknow, Kochi, Mumbai, Nagpur, Navi Mumbai, New Delhi, Puducherry, Pune, Vadodara, Visakhapatnam.

Siemens Limited

Consolidated Related Party transactions for six months ended 30 September 2021

Related party transactions

Parties where control exists Siemens AG, Germany Siemens International Holding B.V., Netherlands

Ultimate Holding company Subsidiary of Ultimate Holding Company

Parties with significant influence Siemens Gas and Power Holding B.V., Netherlands Associate of Ultimate Holding Company

Other related parties where transactions have taken place during the year

Fellow Subsidiaries

Name

Name Country Siemens Spa Algeria J.R.B. Engineering Pty Ltd Australia Siemens Ltd. Australia Siemens Mobility Pty Ltd Australia ETM professional control GmbH Austria Siemens Aktiengesellschaft Österreich Austria Siemens Metals Technologies Vermögensverwaltungs GmbH Austria Siemens Mobility Austria GmbH Austria Siemens Mobility Austria GmbH, Plant Rail Systems Austria Siemens W.L.L. Bahrain Siemens Healthcare Ltd. Bangladesh Siemens Industrial Limited Bangladesh Siemens S.A./N.V. Belgium Siemens Infraestrutura e Indústria Ltda. Brazil Siemens EOOD Bulgaria Siemens Canada Limited Canada Siemens Canada Limited - Process Instruments Business Unit Canada Siemens Canada Limited - RuggedCom Canada Siemens S.A. Chile Beijing Siemens Cerberus Electronics Ltd. China Siemens Circuit Protection Systems Ltd., Shanghai China Siemens Electrical Apparatus Ltd., Suzhou China Siemens Electrical Drives (Shanghai) Ltd. China Siemens Electrical Drives Ltd. China Siemens Factory Automation Engineering Ltd. China Siemens Finance and Leasing Ltd. China Siemens Healthineers Diagnostics (Shanghai) Co., Ltd. China Siemens Ltd., China China Siemens Medium Voltage Switching Technologies (Wuxi) Ltd. China Siemens Numerical Control Ltd., Nanjing China Siemens Power Automation Ltd. China Siemens Sensors & Communication Ltd. China Siemens Shanghai Medical Equipment Ltd. China Siemens Shenzhen Magnetic Resonance Ltd. China Siemens Standard Motors Ltd. China Siemens Wiring Accessories Shandong Ltd. China Siemens S.A. Colombia OEZ s.r.o. Czech Republic Siemens Electric Machines s.r.o. Czech Republic Siemens, s.r.o. Czech Republic Siemens, s.r.o., OZ Elektromotory Frenstat and OZ Elektromotory Mohelnice Czech Republic Siemens A/S Denmark Siemens Industrial LLC Egypt Siemens S.A. El Salvador Siemens Osakeyhtiö Finland Siemens Industry Software SAS France Siemens SAS France Siemens SAS, Division production Process Automation, Usine de Haguenau France HSP High Voltage Equipment GmbH Germany KACO new energy GmbH Germany Next47 GmbH Germany Siemens Bank GmbH Germany Siemens Beteiligungen Inland GmbH Germany Siemens Healthcare GmbH Germany Siemens Mobility GmbH Germany Siemens Mobility GmbH, dARE Germany

Other related parties where transactions have taken place during the year (Continued)

Fellow Subsidiaries

Name Country Siemens Traction Gears GmbH Germany Siemens Treasury GmbH Germany SYKATEC Systeme, Komponenten, Anwendungstechnologie GmbH Germany Siemens A.E., Electrotechnical Projects and Products Greece Siemens S.A. Guatemala Siemens Limited Hong Kong Bytemark Technology Solutions India Private Limited India Mentor Graphics (India) Private Limited India Mentor Graphics (Sales and Services) Private Limited India PETNET Radiopharmaceutical Solutions Private Limited India Siemens Factoring Private Limited India Siemens Financial Services Private Limited India Siemens Healthcare Private Limited India Siemens Healthineers India LLP India Siemens Industry Software (India) Private Limited India Siemens Logistics India Private Limited India Siemens Technology and Services Private Limited India P.T. Siemens Indonesia Indonesia PT Siemens Mobility Indonesia Indonesia Mentor Graphics (Ireland) Limited Ireland Siemens S.p.A. Italy Siemens Ltd. Seoul Korea Siemens Mobility Ltd. Korea Siemens Industrial Business Co. For Electrical, Electronic and Mechanical Contracting WLL Kuwait Siemens Malaysia Sdn. Bhd. Malaysia Siemens Mobility Sdn. Bhd. Malaysia Siemens, S.A. de C.V. Mexico Siemens S.A. Morocco Siemens Nederland N.V. Netherlands Siemens (N.Z.) Limited New Zealand Siemens AS Norway Siemens Industrial LLC Oman Siemens S.A.C. Peru Siemens, Inc. Philippines Siemens Sp. z o.o. Poland Siemens S.A. Portugal Siemens W.L.L. Qatar Siemens S.R.L. Romania SIMEA S.R.L., Plant SEIT Sibiu Romania Siemens Finance and Leasing LLC Russia OOO Siemens Russian Siemens Ltd. Saudi Arabia Siemens Mobility Pte. Ltd. Singapore Siemens Pte. Ltd. Singapore Siemens Mobility (Pty) Ltd South Africa Siemens Proprietary Limited South Africa Siemens Mobility, S.L.U. Spain Siemens Rail Automation S.A.U. Spain Siemens S.A. Spain Siemens AB Sweden Siemens Mobility AG Switzerland Siemens Schweiz AG Switzerland Siemens Schweiz AG, Smart Infrastructure, Global Headquarters Switzerland Siemens Limited Taiwan Siemens Limited Thailand Siemens Mobility Limited Thailand Siemens Finansal Kiralama A.S. Turkey Siemens Sanayi ve Ticaret Anonim Sirketi Turkey Siemens Industrial LLC UAE Siemens LLC UAE Electrium Sales Limited UK I DT Factory Congleton UK Siemens HC Ltd. MR Magnet Technology UK Siemens plc UK Siemens Ukraine Ukraine Building Robotics Inc. USA eMeter Corporation USA Enlighted, Inc. USA MG Corp USA Siemens Corporation USA Siemens Healthcare Diagnostics Inc. USA Siemens Industry Software Inc. USA Siemens Industry, Inc. USA Siemens Mobility, Inc USA Siemens Ltd. Vietnam

Subsidiaries / associate of parties who has significant influence (Fellow Associate)

Name

Country

Siemens Energy S.A. Argentina Siemens Energy Pty. Ltd. Australia Siemens Energy Austria GmbH Austria Trench Austria GmbH Austria Siemens Bangladesh Ltd Bangladesh Siemens Energy Brasil Ltda. Brazil Siemens Energy Canada Limited Canada Trench Limited Canada Siemens Energy S.P.A. Chile Siemens Energy Co., Ltd. China Siemens High Voltage Circuit Breaker Co., Ltd., Hangzhou China Siemens High Voltage Switchgear Co ., Ltd., Shanghai China Siemens Surge Arresters Ltd. China Siemens Transformer (Guangzhou) Co ., Ltd. China Siemens Transformer (Jinan) Co., Ltd China Trench High Voltage Products Ltd., Shenyang China Siemens Energy S.A.S. Colombia Koncar-Energetski Transformatori D.O.O. Croatia Siemens Energy d.o.o. Croatia Siemens Energy, s.r.o. Czech Republic Siemens Energy S.A.E. Egypt Dresser-Rand SAS France Siemens Energy S.A.S. France Trench France SAS France HSP Hochspannungsgeraete GmbH Germany Siemens Compressor Systems GmbH Germany Siemens Energy Global GmbH & Co. KG Germany Trench Germany GmbH Germany Siemens Energy Limited Hong Kong Siemens Energy Kft. Hungary Dresser-Rand India Private Limited India Siemens Gamesa Renewable Energy Engineering Centre Private Limited India Siemens Gamesa Renewable Power Private Limited India Siemens Energy Ltd. Israel Siemens Energy SRL Italy Siemens Energy Transformers S.r.l. Italy Trench Italia S.R.L. Italy Siemens Energy SARL Ivory Coast Siemens Energy Ltd Korea Siemens Electrical & Electronic Services K.S.C.C. Kuwait Siemens Energy Sdn. Bhd. Malaysia Siemens Energy, S. De R. L. De C.V. Mexico Siemens Energy B.V. Netherlands Siemens Energy Ltd. Nigeria Siemens Energy AS Norway Siemens Energy LLC Oman Siemens Energy S.A.C. Peru Siemens Energy, Inc. Philippines Siemens Energy Unipessoal Lda. Portugal Siemens Energy W.L.L Qatar Siemens Energy S.R.L. Romania Siemens Energy LLC Russia Siemens Energy Ltd. Saudi Arabia Siemens Energy d.o.o. Beograd Serbia Siemens Energy Pte. Ltd. Singapore Siemens Energy (Pty) Ltd South Africa Siemens Energy, S.A. Spain Siemens Energy AB Sweden Siemens Energy Limited Thailand Siemens Enerji Sanayi Ve Ticaret Anonim Sirketi Turkey Siemens Energy LLC UAE Industrial Turbine Company (UK) Limited UK Siemens Energy Industrial Turbomachinery Ltd. UK Siemens Energy Limited UK Siemens Energy LLC Ukraine Dresser-Rand Company USA Siemens Demag Delaval Turbomachinery, Inc. USA Siemens Energy, Inc. USA Siemens Energy Limited Company Vietnam

Key Managerial Personnel Whole-time Directors Company Secretary

Whole-time Directors Mr. Sunil Mathur Dr. Daniel Spindler Company Secretary Mr. Ketan Thaker Non Executive Directors Mr. Johannes Apitzsch Mr. Tim Holt Mr. Matthias Rebellius Mr. Willem Rudolf Basson Independent Directors Mr. Deepak Parekh Mr. Mehernosh B. Kapadia Ms. Anjali Bansal Managing Board of Siemens AG Dr. Roland Busch Mr. Cedrik Neike Mr. Matthias Rebellius Mr. Ralf P.Thomas Ms. Judith Wiese Others Domestic partner of KMP Ms. Sandra Marques Alves Employees' Benefit Plans where there is a significant Siemens India Limited Indian Staff Provident Fund influence Siemens India Limited Gratuity Fund Enterprises over which Directors are able to exercise Breach Candy Hospital Trust significant influence Delhivery Private Limited

Siemens Limited

Consolidated Related Party transactions for six months ended 30 September 2021 (Currency : Indian rupees millions)

45 Related party transactions (Continued)

Description	2021	2021	2021	2021	2021
	Utlimate Holding Company	Fellow Subsidiaries	Fellow Associate	Key managerial personnel	Others
Revenue (net of taxes) - Siemens AG - Siemens W.L.L. - P.T. Siemens Indonesia - Others Commission income - Siemens AG - Siemens Energy Industrial Turbomachinery Ltd. - Siemens Energy, Inc. - Trench High Voltage Products Ltd., Shenyang Recoveries from group companies - Siemens AG - Siemens Technology and Services Private Limited - Siemens Healthcare Private Limited - Siemens Industry Software (India) Private Limited - Others Reimbursement of expenses received - Siemens AG - Siemens Pte. Ltd. - Siemens Canada Limited - RuggedCom - Others Other Income - Siemens Energy Global GmbH & Co. KG Purchase of goods and services - Siemens AG - Siemens Mobility GmbH - Siemens Technology and Services Private Limited - Siemens Medium Voltage Switching Technologies (Wuxi) Ltd. - Siemens Schweiz AG, Smart Infrastructure, Global Headquarters - Others Rent income - Siemens Financial Services Private Limited - Siemens Technology and Services Private Limited - Siemens Logistics India Private Limited - Dresser-Rand India Private Limited - Others Interest income - Siemens Financial Services Private Limited - Siemens Factoring Private Limited Bank guarantee charges - Siemens AG - Others License Fees - Siemens AG - Siemens Mobility GmbH - Siemens Schweiz AG, Smart Infrastructure, Global Headquarters - Siemens Industry Software (India) Private Limited - Others Purchase of property, plant and equipments / investment property / capital work in progress - Siemens AG - Siemens SAS - Siemens Sanayi ve Ticaret Anonim Sirketi -Others	2,640 - - - 6 - - - 338 - - - - 239 - - - - 9,979 - - - - - - - - - - - - 66 - 385 - - - - 20 - - -	- 441 224 1,558 - - - - - 126 36 31 112 - 38 15 30 - - 451 409 399 357 1,811 38 20 12 - 3 192 15 - - 11 3 4 - - 6 5	- - - 4,740 - 11 8 4 - - - - 48 - - - 70 127 - - - - - 4,163 - - - 42 - - - - - - - - - 198 - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - * - - - - - - - - - - - - - - - - - -

• denotes figures less than a million

45.6	Related party transactions (Continued)
	Description	2021
		Utlimate Holding Company	Fellow Subsidiaries	Fellow Associate	Key managerial personnel	Others
	Remuneration - Mr. Sunil Mathur Short term employee benefits Post-employment benefits Share based payments - Dr. Daniel Spindler Short term employee benefits Share based payments - Mr. Ketan Thaker Short term employee benefits Post-employment benefits Share based payments - Others Payment to Trusts - Siemens India Limited Indian Staff Provident Fund - Siemens India Limited Gratuity Fund Sitting fees to Independent Directors/Non-executive Directors Loans / Inter Corporate Deposits given - Siemens Financial Services Private Limited - Siemens Factoring Private Limited Repayment of Loans / Inter corporate deposits given - Siemens Financial Services Private Limited - Siemens Factoring Private Limited Loan Taken - Siemens Factoring Private Limited Loan Repaid - Siemens Factoring Private Limited Factoring of trade receivables * - Siemens Financial Services Private Limited Outstanding Balances Receivables - Siemens AG - Siemens Technology and Services Private Limited - Siemens W.L.L. - Others Payables - Siemens AG - Siemens Mobility GmbH - Siemens Schweiz AG, Smart Infrastructure, Global Headquarters - Others Loans / Inter corporate deposits to related parties - Siemens Financial Services Private Limited - Siemens Factoring Private Limited Loan Payable - Siemens Factoring Private Limited Interest receivable on inter corporate deposits - Siemens Financial Services Private Limited - Siemens Factoring Private Limited Remuneration payable **** - Mr. Sunil Mathur - Dr. Daniel Spindler - Mr. Ketan Thaker	- - - - - - - - - - - - - - - - - - - 334 - - - 6,679 - - - - - - - - - - -	- - - - - - - - - - - - 2,730 610 1,380 720 10 4 114 - 73 55 344 - 380 278 1,568 7,400 680 6 53 3 - - -	- - - - - - - - - - - - - - - - - - - - - - 2,226 - - - 2,624 - - - - - - - -	132 3 32 42 6 4 2 - - 1 - - - - - - - - - - - - - - - - - - - - 118 35 2	- - - - - - - - - 218 197 - - - - - - - - - - - - - - - - - - - - - - - -

• denotes figures less than a million

** Remuneration does not include the provisions made for gratuity, leave and medical benefits, as they are determined on an actuarial basis for the company as a whole. Remuneration in the form of stock awards are included only upon vesting. *** The Company has entered into factoring arrangement for certain trade receivables on a non recourse basis. Collections arising of the said arrangement amounting to Rs. 114 million have been adjusted

All transactions entered into with related parties defined under the Companies Act, 2013 during the financial year, were on arm's length pricing basis