Siemens AG

Ad-hoc Announcement According to ss. 15 WpHG (Securities Trading Act)

Siemens strategically realigns the activities of Siemens Business Services (SBS)
and bundles its worldwide IT solutions, IT services and software activities
within the company. The activities of SBS will be merged into one Group "Siemens
IT Solutions and Services" (SIS) with the four software development units
Program and System Engineering (PSE) and Siemens Information Systems Ltd.
(SISL), Development Innovation and Projects (DIP) and the Business Innovation
Center (BIC) from January 2007.

Siemens IT Solutions and Services will generate sales of about EUR 5 billion and
employ about 43,000 people.

The SBS turnaround program announced in September 2005 will be rigorously
continued. Cost cuts of EUR 1.5 billion by the spring of 2007 are part of this
program. Against this backdrop, Siemens is currently negotiating with employee
representatives and the IG Metall trade union whether to apply the supplementary
labor contract in force in Region Germany to the former SBS. Concluding current
negotiations is therefore a decisive prerequisite for finalizing the setup of
Siemens IT Solutions and Services in Germany.

On October 12, 2006 at 2:00 p.m. CEST a telephone conference with CEO Dr. Klaus
Kleinfeld, CFO Joe Kaeser and Dr. Christoph Kollatz, Group President SBS will be
broadcasted live on the internet at www.siemens.com/conferencecall. The call can
be accessed by calling +49 (0)69 2222 2242.

A conference call for financial analysts and investors will take place at 3:00
p.m. CEST. The analyst call can be accessed by calling +44 20-7365-8426 (UK
dial-in) or +1 617-597-5313 (US dial-in) or +49 69-5007-1846 (Germany dial-in).
The participant code is "Siemens". The analyst conference call can also be
accessed via internet at: www.siemens.com/analystcall. A replay of the call will
be available until October 13, 2006 by calling +44 20-7365-8427 (UK dial-in) or
+1 617-801-6888 (US dial-in). The pass code is: 55287471.

Disclaimer

This document contains forward-looking statements and information - that is,
statements related to future, not past, events. These statements may be
identified by words as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "estimates," "will" or words of similar meaning. Such statements are
based on our current expectations and certain assumptions, and are, therefore,
subject to certain risks and uncertainties. A variety of factors, many of which
are beyond Siemens' control, affect its operations, performance, business
strategy and results and could cause the actual results, performance or
achievements of Siemens worldwide to be materially different from any future
results, performance or achievements that may be expressed or implied by such
forward-looking statements. For us, particular uncertainties arise, among
others, from changes in general economic and business conditions, changes in
currency exchange rates and interest rates, introduction of competing products
or technologies by other companies, lack of acceptance of new products or
services by customers targeted by Siemens worldwide, changes in business
strategy and various other factors. More detailed information about certain of
these factors is contained in Siemens' filings with the SEC, which are available
on the Siemens website, www.siemens.com and on the SEC's website, www.sec.gov.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those described in the relevant forward-looking statement as anticipated,
believed, estimated, expected, intended, planned or projected. Siemens does not
intend or assume any obligation to update or revise these forward-looking
statements in light of developments which differ from those anticipated.

Contact:
Investor Relations
Irina Pchelova
+49 89 636 33693
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