SIE Siemens N Ord

    

Siemens AG



Prof. Dr. Heinrich v. Pierer, Chairman of the Supervisory Board of Siemens AG,
will vacate his position at the beginning of the Supervisory Board meeting on
April 25, 2007. A proposal will be made to the Board to elect Dr. Gerhard Cromme
as its Chairman for the remainder of the current period of office, which expires
at the Annual Shareholders' Meeting of Siemens AG on January 24, 2008. Prof.
Michael Mirow, who was responsible for strategy development at Siemens
headquarters up to 2002, is an elected 'substitute member' of the Board and will
take Pierer's place. A new election of all shareholder representatives on the
Supervisory Board is on the agenda of the next Annual Shareholders' Meeting,
since the standard five-year term of office ends on that date.

Information and Explanation of the Issuer to this News:

'I have always believed,' said Pierer, 'that one's duty to the company and its
well over 400,000 employees worldwide must take priority over one's own
interests. A personal responsibility in view of the current investigations was
not the basis for my decision.'

'Despite its outstanding business performance, Siemens has run into a difficult
situation due to the in part apparent and in part alleged misconduct of a number
of managers and employees. Late last year, the Supervisory and Managing Boards
initiated a comprehensive and independent investigation of what had occurred.
The measures launched at that time are being rigorously implemented,' said
Pierer. 'The sole reason for my decision today is to serve the best interests of
Siemens. My goal is to support the company's sustained success, and our
impressive performance worldwide makes my decision much easier. I assume that
electing a new Chairman of the Supervisory Board will also make a contribution
toward taking our company out of the headlines and bringing it back into calrmer
waters.'

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 (including
margin developments in major business areas); the challenges of integrating
major acquisitions and implementing joint ventures and other significant
portfolio measures; 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; the outcome of investigations and legal
proceedings as well as 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
expected, anticipated, intended, planned, believed sought, estimated 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.

Language: English
Issuer: Siemens Aktiengesellschaft
Wittelsbacherplatz 2
80333 M�nchen 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
Indices: DAX, EURO STOXX 50
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Hannover, M�nchen, Hamburg, D�sseldorf, SWX, Stuttgart; Terminb�rse
EUREX; Foreign Exchange(s) London, NYSE

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

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