Siemens Aktiengesellschaft

As previously announced, Siemens AG has launched an extensive review of major
projects in the current quarter, focusing particularly in the Divisions Fossil
Power Generation of the Energy Sector, the Mobility Division in the Industry
Sector, and Siemens IT Solutions and Services.

The results of the review so far indicate a substantial impact on earnings in
the current fiscal year. Nevertheless going forward, the path to profitable
growth has been charted. The commitment to the targets for 2010 is confirmed.
Definite progress toward these targets is expected in 2009.

Siemens expects the negative impact on earnings to amount to approximately
EUR900 million in the current quarter. The expectation is that this amount
represents the largest piece of any additional financial burdens for 2008.

In the Fossil Power Generation Division, the large number of turnkey projects
that have accumulated since 2004 has had an adverse effect. New exposure can be
attributed to structural challenges in the supplier markets and to delays
recruiting experienced project engineers. New exposure in the Mobility Division
resulted from delays in the awarding of major projects as well as from the
ongoing product rehabilitation programs in the Combino business.

At Siemens IT Solutions and Services, new risks arose in UK projects, including
among others a customer's cancellation of a major order.

Information and Explaination of the Issuer to this News:

The conference call for the press is starting on Monday at 8.00 a.m. CET, the
analyst call at 9.00 a.m. CET. Both can be followed live on the internet, the
press conference call under www.siemens.com/conferencecall and the analyst
conference call under www.siemens.com/ir.

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,' 'project' 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 our operations, performance, business strategy and results and could
cause the actual results, performance or achievements of Siemens 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; changes in business strategy; the outcome of pending investigations
and legal proceedings, especially the corruption investigations we are currently
subject to in Germany, the United States and elsewhere; the potential impact of
such investigations and proceedings on our ongoing business including our
relationships with governments and other customers; the potential impact of such
matters on our financial statements; as well as various other factors. More
detailed information about certain of these factors is contained throughout this
report and in our other 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.'

Siemens Investor Relations
Tel: +49-89-636-32474
Fax: +49-89-636-32830
Mail: Investorrelations@siemens.com

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
Internet:  www.siemens.com
ISIN:      DE0007236101
WKN:       723610
Indices:   DAX, EURO STOXX 50
Listed:    Regulierter Markt in Berlin, Frankfurt (Prime Standard),
            Hannover, Munchen, Hamburg, Dusseldorf, Stuttgart;
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