Siemens AG

Siemens AG decided today, that it will set a capital structure target in line
with its Fit 4 2010 program in order to optimise its capital structure. The
capital structure target ratio 'Adjusted industrial net debt' to 'EBITDA' is set
to be in the range of 0.8x - 1.0x, and shall be achieved by fiscal year end
2010.

In order to achieve the capital structure target Siemens intends to buy back
shares of Siemens AG in the amount of up to EUR 10 billion by fiscal year end
2010. Through resolution of the Shareholders' Meeting of January 25, 2007,
Siemens AG is authorized pursuant to section 71 para.1 no. 8 of the German Stock
Corporation Act (Aktiengesetz, AktG) to acquire own shares up to 10% of the its
capital stock until July 24, 2008. Within this authorization the Managing Board
has adopted a share buy back program which has been approved by the Supervisory
Board. Accordingly this allows to acquire by purchase over the stock exchange up
to a maximum of 82 million shares of Siemens AG for the purpose of cancellation
and reduction of capital stock as well as to buy back up to a maximum of 7
million shares of Siemens AG to fulfill obligations arising out of stock
compensation programs. On the basis of the current share price this amounts to a
volume of approximately EUR 8.5 billion.

Timing and details regarding the start of the share buy back program will be
announced separately. The buy back will be carried out lead-managed by banks and
will be executed pursuant to the Regulation (EC) no. 2273/2003 of the Commission
of December 22, 2003.

Siemens intends that the Managing Board and the Supervisory Board will propose
at the Shareholders' Meeting to be held on January 24, 2008 to renew the
authorization to buy back shares of up to 10 % of the share capital.

---------------------------------------------------------------------------

Information and Explaination of the Issuer to this News:

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 such 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.

EBITDA (adjusted), Return on capital employed, Free cash flow, Cash conversion
and Net debt are Non-GAAP financial measures. A reconciliation of these amounts
to the most directly comparable IFRS financial measures is available on our
Investor Relations website under www.siemens.com/ir, Financial Publications,
Quarterly Reports. 'Group profit from operations' is reconciled to 'Income
before income taxes' of Operations under 'Reconciliation to financial
statements' in the table 'Segment Information.'

Irina Pchelova +49 89 636 33693

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

Contact: Irina Pchelova

Tel:089-636-33693

Email:irina.pchelova@siemens.com
Siemens N Ord (LSE:SIE)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Siemens N Ord Charts.
Siemens N Ord (LSE:SIE)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Siemens N Ord Charts.