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Siemens starts share buyback in an amount of up to 3 billion euro

The execution of the share buyback will be accomplished under the authorizations granted by the Annual Shareholders' Meeting on January 27, 2015. The share buyback serves the sole purposes of retirement, of issuing shares to employees, board members of any of Siemens' affiliated companies and members of the Managing Board of Siemens AG as well as of servicing/securing the obligations or rights to acquire Siemens shares arising particularly from or in connection with convertible bonds or warrant bonds.

For this press release

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 2015, which ended on September 30, 2015, Siemens generated revenue of €75.6 billion and net income of €7.4 billion. At the end of September 2015, the company had around 348,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
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Contact

Alexander Becker

Siemens AG

Wittelsbacherplatz 2
80333 Munich
Germany

+49 (89) 636-36558