DGAP-CMS: Siemens Aktiengesellschaft: Release of a capital market information with the objective of Europe-wide distribution

Siemens Aktiengesellschaft / Share Buyback

24.01.2008 

Release of a Post-admission Duties announcement
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Disclosure according to art. 4 para. 2 of the Regulation (EU) no. 2273/2003

The share buyback program, announced by Siemens Aktiengesellschaft in an ad
hoc announcement dated November 7, 2007, will commence on January 28, 2008.
Initially, in the time period until the end of April 2008, own shares of
the company having a value of approximately EUR 2 billion (without
ancillary purchasing costs) shall be repurchased. On the basis of the
closing auction share price in the Xetra trading (as of January 23, 2008),
this corresponds to a volume of up to approximately 24 Mio. shares. The
buyback solely serves the purpose of cancellation and reduction of capital
stock and the purpose of fulfilling obligations arising out of stock
compensation programs. The Managing Board thus exercises the authorization
granted by the Shareholders' Meeting of Siemens Aktiengesellschaft on
January 25, 2007 to acquire own shares pursuant to section 71 para. 1 no. 8
of the German Stock Corporation Act (Aktiengesetz, AktG). It will be
decided separately on the repurchase of additional tranches and a separate
disclosure will be made.

It will be proposed to the Shareholders' Meeting of Siemens
Aktiengesellschaft, to be held today, January 24, 2008, to revoke the
resolution adopted by the Shareholders' Meeting on January 25, 2007
pertaining to the authorization of the Managing Board to acquire own shares
pursuant to section 71 para. 1 sentence 1 no. 8 AktG with effect as of
March 1, 2008 and to replace it by a new authorization to buy back shares
in accordance with section 71 para. 1 sentence 1 no. 8 AktG. In case the
existing authorization to buy back shares pursuant to section 71 para. 1
sentence 1 no. 8 AktG is revoked with effect as of March 1, 2008 and
replaced by a new one, the share buyback program will be continued on the
basis of the new authorization resolution until the end of April 2008.

A bank will be mandated to carry out the buyback making its decisions on
the date of acquisition of the shares independently of, and without
influence by, the company. During the duration of the buyback the lead
management may be transferred to another bank. The buyback shall be
conducted at the most favorable terms and safeguarding interests; the
shares shall be repurchased on the electronic trading platform of the
Frankfurt Stock Exchange (Xetra) exclusively. The purchase price per
reacquired share (without ancillary purchasing costs) may neither exceed
nor fall below the market price of a Siemens share, as determined at the
opening auction in the Xetra trading on the day of trading, by more than
10%.

The bank will be obligated to observe the trade terms of article 5 of the
Regulation no. 2273/2003 of the Commission of December 22, 2003 (EC Reg.)
and all relevant applicable provisions, in particular Rule 10b 18 of the
U.S. Securities Exchange Act of 1934. According to the EC Reg., no purchase
price may be paid that exceeds the price of the last independent trade or
the highest current independent bid at the stock exchange where the
purchase is carried out. Decisive is the higher of both values. According
to the EC Reg., no more than 25 % of the average daily volume of shares at
the stock exchange where the purchase is carried out will be acquired. The
average volume of shares is based on the average daily volume traded in the
20 trading days preceding the specific date of purchase.

The share buyback program may be suspended and be resumed at any time if
this in compliance with the legal provisions.

The transactions will be announced in a way complying with the requirements
of art. 4 para. 4 EC Reg. at the latest on the seventh trading day
following their execution.

Furthermore, Siemens Aktiengesellschaft will report on the progress of
share buyback regularly under www.siemens.com/ir.

Munich, January 24, 2008
Siemens Aktiengesellschaft   

The Managing Board

DGAP 24.01.2008 
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Language:     English
Issuer:       Siemens Aktiengesellschaft
              Wittelsbacherplatz 2
              80333 München
              Deutschland
Internet:     www.siemens.com
End of News                                     DGAP News-Service
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