Siemens AG

Corrections of misstatements

In connection with the investigation launched by German state prosecutors on
November 15, 2006, Siemens initiated an internal investigation into certain
transactions and payments which led to adjustments.

Net income of fiscal 2006 amounts EUR 3,033 million and Income from continuing
operations amounts EUR 3,087 million.

The additional deferred and current income tax charges totaled EUR 168 million
over a period of approximately seven years. Of the total charge, EUR 73 million
was reflected in the Company's fiscal 2006 Consolidated Statements of Income and
related to fiscal 2006, 2005 and 2004. The remaining EUR 95 million of
additional income tax expense related to years preceding fiscal 2004 and was
reflected as a reduction of Shareholders' equity as of October 1, 2003.

Contact: Irina Pchelova +49 636 33693
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