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Siemens AG Wittelsbacherplatz 2 80333 München, Germany http://www.siemens.com
Contact Mr Alexander Becker +49 89 63636558
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Siemens AG

Siemens' position on Osram's strategy announcement

(PresseBox) (Munich, )
In response to partly misleading media reports ‒ most recently in the Mittelbayrische Zeitung under the headline "Siemens knew" ‒ regarding the involvement of Siemens in the planned strategic realignment of Osram AG, Siemens comments as follows:

As an Osram shareholder, Siemens was and is not satisfied with Osram’s recent share price development. Due to the shift in Osram’s strategy, the value of Siemens’ stake in the company has declined from some €940 million to about €680 million.

Siemens’ Managing Board received no prior notification of the content or timing of Osram’s ad hoc communication of November 10, 2015. Osram’s
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.