Acquisition of Siemens's stake in FSC

RNS Number : 3605H
Fujitsu Ld
04 November 2008

November 4, 2008

Fujitsu Limited
TSE Code: 6702, 1st Section
Contact: Etsuro Yamada
Public and Investor Relations Division
Tel: 03-6252-2176

Regarding the Acquisition of Siemens's Stake in Fujitsu Siemens Computers

At a meeting held October 29, 2008, the Board of Directors of Fujitsu Limited ("the Company") decided to purchase Siemens AG's
("Siemens") 50% share in their joint-venture Fujitsu Siemens Computers (Holding) B.V. ("Fujitsu Siemens Computers"). Closing of the
transaction is expected April 1, 2009. As a result, the equity-method affiliate will become a wholly owned subsidiary of the Company as of
that date. The Company has signed an agreement with Siemens regarding the share acquisition. Details of the agreement are explained below.

1. Reason for Transaction:
The Company and Siemens jointly established Fujitsu Siemens Computers on October 1, 1999. In accordance with a share purchase agreement
between the companies, the Company will acquire Siemens's stake in Fujitsu Siemens Computers. Closing of the transaction is expected April
1, 2009.

The IT industry has evolved at a remarkable pace in recent years. The competitive climate is changing rapidly as companies vie for a
larger share of the IT services business, in particular the growing market for infrastructure services, demand for which has been driven by
the delivery of IT resources as utilities and customers' desire to implement more environmentally friendly IT solutions.

The Company and its subsidiaries are responding to these trends with a globally coordinated strategy to deliver innovative business
solutions that support our customers' success. The Company is accelerating its strategy to expand global sales of IT products and as well as
reinforce its capability to provide IT services on a global scale. Fully integrating Fujitsu Siemens Computers into the Fujitsu Group will
support these initiatives. The Company will inherit a strong customer base in Europe, Middle East and Africa (EMEA), R&D capabilities to
support product development, and a highly experienced workforce.

Over the years, the Company and Siemens have developed a mutually beneficial partnership encompassing technology sharing and other
collaborative business activities in the information communications field. The companies intend to continue collaborating in various fields
of technology in the future.

2. Method:
The Company will purchase the entire 50% share of Fujitsu Siemens Computers held by Siemens subject to the approval of relevant
government agencies. With this share purchase, the joint-venture business agreement between the Company and Siemens will end on the planned
closing date of the acquisition.

With the purchase of the shares, the Company plans to make Fujitsu Siemens Computers a specified subsidiary.

3. Overview of Fujitsu Siemens Computers:
1) Corporate Name: Fujitsu Siemens Computers (Holding) B.V.
2) Registered Address: Het Kwadrant 1, 3606 AZ Maarssen, The Netherlands
3) Representative: Kai Flore
4) Main Business: Computing platform manufacturing and sales
5) Capital: Approx. 272 million euros

4. Schedule:
April 1, 2009: Date of execution of share purchase (planned)

5. Overview of Party to Transaction:
1) Corporate Name: Siemens AG
2) Registered Address: Wittelsbacherplatz 2, 80333 Munich, Germany
3) Acquisition Cost: Approx. 450 million euros

6. Earnings Projections for the Company:
The share purchase will not have any effect on the Company's consolidated financial results for the current year ending March 31, 2009
(fiscal 2008). Since the execution date for the share purchase is planned for April 1, 2009, Fujitsu Siemens Computers will continue to be
treated as an equity-method affiliate for fiscal 2008.

The financial results for Fujitsu Siemens Computer for fiscal 2007 ended March 31, 2008 are as follows:

(million euros)
Net sales 6,614
Operating income 72
Net income 69

Total assets 3,272
Net assets 439

Press Contact:
Fujitsu Limited
Public and Investor Relations Division
Inquiries: https://www-s.fujitsu.com/global/news/contacts/inquiries/index.html

About Fujitsu
Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 160,000 employees supporting
customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and
communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited
(TSE:6702) reported consolidated revenues of 5.3 trillion yen (US$53 billion) for the fiscal year ended March 31, 2008. For more
information, please see: www.fujitsu.com.

All other company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information
provided in this press release is accurate at time of publication and is subject to change without advance notice.

This information is provided by RNS
The company news service from the London Stock Exchange

END

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