Siemens Aktiengesellschaft / Miscellaneous 05.11.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Siemens AG will accrue a provision in the amount of approx. 1 billion in fiscal 2008 in connection with the settlement being sought by the company with authorities in Germany and the United States. This current estimate is based on the status of ongoing discussions being held between the company and authorities in Germany and the U.S. The company will make no further comments on the ongoing proceedings. --------------------------------------------------------------------------- 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,' '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 investigation 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. Siemens Investor Relations Christof Schwab Tel.: +49 89 636 32677 Fax.: +49 89 636 32830 christof.schwab@siemens.com DGAP 05.11.2008 --------------------------------------------------------------------------- Language: English Issuer: Siemens Aktiengesellschaft Wittelsbacherplatz 2 80333 München 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, München, Hamburg, Düsseldorf, Stuttgart; Terminbörse EUREX; Foreign Exchange(s) London, NYSE, SWX End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Siemens AG: Siemens accrues a provision in connection with ongoing settlement negotiations
| Source: EQS Group AG