Siemens accrues a provision in connection with ongoing settlement negotiations

(PresseBox) ( München, )
Siemens AG will accrue a provision in the amount of approx. 1 billion Euro in fiscal 2008 in connection with the settlement being sought by the company with authorities in Germany and the United States. This current estimate is based on the status of ongoing discussions being held between the company and authorities in Germany and the U.S. The company will make no further comments on the ongoing proceedings.

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