Siemens AG
Irina Pchelova, 089-636-33693
irina.pchelova@siemens.com

Nokia and Siemens announce that Nokia Siemens Networks will start operations on
April 1, 2007. Nokia and Siemens are contributing their respective carrier
networks businesses and corresponding assets into this new 50:50 company. Both
parties have agreed to increase their respective net asset contributions to the
new company, with Siemens to contribute EUR 2.4 billion and Nokia to contribute
EUR 1.7 billion. With its global scale and size, Nokia Siemens Networks is in a
great position to play an industry leading role by developing innovative,
cost-efficient products and services.

Information and Explanation of the Issuer to this News:

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subject to certain risks and uncertainties. A variety of factors, many of which
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others, from: changes in general economic and business conditions (including
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www.sec.gov. Should one or more of these risks or uncertainties materialize, or
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these forward-looking statements in light of developments which differ from
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Language: English
Issuer: Siemens Aktiengesellschaft
Wittelsbacherplatz 2
80333 Munchen Deutschland
Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-32908
E-mail: investorrelations@siemens.com
www: www.siemens.com
ISIN: DE0007236101
WKN: 723610
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