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Press Release14 September 2015Siemens AGMunich

Siemens accepts exchange offers of investors in 2012 bonds with warrants

10,661 of 12,000 outstanding warrants will be furnished with option rights exclusively relating to Siemens shares
The transaction will result in additional option rights relating to roughly 960,000 Siemens shares

Siemens has accepted the exchange offers submitted by institutional investors of bonds with warrants issued in 2012. The exchange offer started on August 26, 2015, and expired on September 11, 2015. In total, Siemens has accepted for exchange 5,236 warrants of the 2019 tranche and 5,425 warrants of the 2017 tranche. The financial result of the exchange is a replacement of option rights relating to Osram shares incorporated in these warrants with option rights to additional Siemens shares. Each new warrant gives a holder the right to subscribe to 1,902.0024 Siemens shares against payment of the exercise price of €187,842.81. This corresponds to an additional 90.0675 Siemens shares per warrant. The old warrants submitted for exchange will be cancelled.

10,661 of 12,000 outstanding warrants will be furnished with option rights exclusively relating to Siemens shares
The transaction will result in additional option rights relating to roughly 960,000 Siemens shares

In order to facilitate the exchange, Siemens will issue bonds with warrants in a volume of approximately €64 million. Pre-emptive rights of Siemens shareholders are excluded. Following the issue of the bonds with warrants, the warrants will be detached. The bonds are sold to institutional investors outside the USA.

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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of gas and steam turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2014, which ended on September 30, 2014, Siemens generated revenue from continuing operations of €71.9 billion and net income of €5.5 billion. At the end of September 2014, the company had around 343,000 employees worldwide on a continuing basis. Further information is available on the Internet at http://www.siemens.com.

Wolfram Trost

Siemens AG

Wittelsbacherplatz 2
80333 Munich
Germany

+49 (89) 636-34794

wolfram.trost@siemens.com

Siemens accepts exchange offers of investors in 2012 bonds with warrants

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Wolfram Trost

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