Siemens continues share buyback program with second tranche of up to €2 billion

München, (PresseBox) - Starting on June 9, 2008, Siemens AG will continue its share buyback program, which has a total volume of up to €10 billion, by acquiring a further tranche of up to €2 billion. This corresponds to a volume of up to 28 million shares at the current price. Within subject to market conditions the company intends to repurchase the shares by July 23, 2008 in order to cancel and reduce capital stock and, to a lesser extent, fulfill obligations arising out of stock compensation programs. "This is another important step toward achieving our capital structure goal while maintaining our financial strength. With this second tranche of our share buyback program, we're rigorously implementing what we promised to our shareholders and owners," said Siemens CFO Joe Kaeser.

Siemens will mandate a bank to execute the share buyback. During the period of the buyback, the lead management may be transferred to another bank. The buyback will be executed under the most favorable terms available on the Xetra trading platform of the Frankfurt Stock Exchange. In the period from January 28, 2008 to April 8, 2008, Siemens repurchased an initial tranche of company shares with a nominal value of approximately €2 billion.

As part of the company's Fit for 2010 program, Siemens has set itself a target for an optimized capital structure. Definitions are available at www.siemens.com/investorrelations.

Siemens AG

Der Siemens-Sektor Energy ist der weltweit führende Anbieter des kompletten Spektrums an Produkten, Dienstleistungen und Lösungen für die Energieerzeugung, -übertragung und -verteilung, sowie für die Gewinnung, die Umwandlung und den Transport von Öl und Gas. Im Geschäftsjahr 2007 (30. September) erwirtschaftete der Sektor Energy nach IFRS einen Umsatz von rund 20 Mrd. EUR und erhielt Aufträge in einem Umfang von rund 28 Mrd. EUR. Das Ergebnis betrug 1,8 Mrd. EUR. Im Sektor Energy arbeiteten zu Beginn des Geschäftsjahres 2008 rund 73.500 Mitarbeiter. Weitere Informationen unter:www.siemens.de/energy.

Alle Zahlen ergeben sich aus der Addition der unkonsolidierten Zahlen der Bereiche Power Generation und Power Transmission and Distribution sowie der Öl- und Gas-Aktivitäten des Bereichs Industrial Solutions and Services.

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