SIE Siemens N Ord

    Siemens AG

Siemens AG: BenQ to take over mobile phones business

Sustainable solution found - Mobile phones to continue under the Siemens brand

The Taiwan-based BenQ Group, which also produces mobile phones as well as other
consumer electronics products such as digital cameras, scanners and LCD screens,
will take over Siemens' mobile phones business in the course of the fourth
quarter of Siemens' fiscal year 2005. The transaction also includes the rights
to the brand and name, which BenQ will be allowed to use for a total of five
years. The mobile phones business will be headquartered in Munich (Germany).

The two partners have agreed upon these key points, but the agreement is subject
to approval of BenQ's shareholder meeting and the relevant antitrust
authorities.

BenQ's and Siemens' mobile phones business complement one another in excellent
way regarding to technology and regional setup.

All in all, this transaction will burden Siemens' results by some EUR 350
million pre-tax.

In the course of the transaction, Siemens will acquire new BenQ shares worth EUR
50 million. Based on the current market value of BenQ, this represents roughly
2.5% of the company's capitalization.

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