Siemens AG

Siemens Aktiengesellschaft / Strategic Company Decision/Quarter Results

Siemens AG is signing an agreement with Continental AG, Hanover, to sell its
entire stake in Siemens VDO Automotive AG (SV). The price is EUR11.4 billion.
The closing of the transaction is subject to approval by the responsible
antitrust authorities and is expected in the current calendar year. Preparations
for the planned IPO of SV will be terminated.

Siemens has signed a merger agreement with US-based Dade Behring Inc.,
Deerfield, Illinois, a leading clinical laboratory diagnostics company. Siemens
intends to acquire all outstanding shares of Dade Behring by submitting a cash
offer to the Dade Behring shareholders of USD 77 per common share. The planned
acquisition has a total transaction volume of approximately USD 7 billion.
Closing is expected in the second quarter of fiscal year 2008. Completion of the
merger is subject to receipt of regulatory approvals and other customary closing
conditions.

Siemens in the third quarter 2007 (ended June 30, 2007)

Orders were EUR22.147 billion, a 13% increase compared to the third quarter a
year earlier, and revenue rose 8% year-over-year, to EUR20.176 billion.

Group profit from Operations for the quarter climbed 22% year-over-year, to
EUR1.504 billion, despite negative equity investment income of EUR371 million
related to Nokia Siemens Networks (NSN).

Income from continuing operations was EUR716 million, including the negative
equity investment income related to NSN. For comparison, income from continuing
operations of EUR1.341 billion in the third quarter a year earlier benefited
from a substantial, non-recurring positive effect at Corporate Treasury. Basic
earnings per share on a continuing basis were EUR0.75 compared to EUR1.45 in the
prior-year quarter, and diluted earnings per share were EUR0.74 compared to
EUR1.11 a year earlier.

Net income was EUR2.065 billion and basic earnings per share (EPS) were EUR2.25,
compared to EUR1.344 billion and EUR1.45, respectively, in the third quarter a
year earlier. Diluted earnings per share increased to EUR2.18 from EUR1.11 a
year earlier. Discontinued operations contributed EUR1.349 billion to net income
in the current quarter, primarily due to a gain resulting from the transfer of
assets into NSN.

On a continuing basis, free cash flow in the third quarter increased to EUR908
million compared to EUR850 million in the prior-year period, despite payment of
EUR419 million related to a previously disclosed European Commission antitrust
investigation.

The Q3 FY2007 results deviate from the market expectations.

All figures are preliminary and unaudited.

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Information and Explaination of the Issuer to this News:

Conference call:

On July 25, 2007, at 3.30 p.m. CEST, a conference call for journalists and at
6.00 p.m. CEST, a conference call for investors and analysts regarding the
recent portfolio changes as well as the quarterly results with CEO Peter L�scher
and CFO Joe Kaeser will be held. The conference call for investors and analysts
will be broadcasted live on the Internet at www.siemens.com/analystcall. The
accompanying slide presentation and a recording of the conference call will be
available at www.siemens.com/investorrelations.

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,' 'looks forward to,' '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 pending investigations
and legal proceedings; our analysis of the potential impact of such matters on
our financial statements; as well as various other factors. More detailed
information about our risk 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.

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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
Internet: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50 Listed: Amtlicher Markt in Berlin,
Frankfurt (Prime Standard), Hannover, M�nchen, Hamburg, D�sseldorf,
SWX, Stuttgart; Terminb�rse EUREX; Foreign Exchange(s) London, NYSE


Contact: Siemens
Irina Pchelova, 089-636-33693
Email:irina.pchelova@siemens.com
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