Siemens cooperates with Nuremburg public prosecutors

Munich, Germany – Siemens will fully cooperate with Nuremberg public prosecutors, who have just conducted searches at Siemens locations in Munich, Erlangen and Nuremburg. Prosecutors are investigating whether payments were made to business partners for services not rendered. Among other things, investigators will also examine whether tax regulations were violated.

The case is known to Siemens and was also the subject of internal investigations. The preliminary findings of these investigations were made available to the Nuremberg Department of Public Prosecution today. As legal proceedings are ongoing, no further details can be disclosed at this time.

Siemens (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has around 475,000 employees (incl. discontinued operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in over 190 countries. Founded more than 155 years ago, the company focuses on the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. In fiscal 2006 (ended September 30), Siemens had sales of €87.3 billion and net income of €3.033 billion, according to U.S. GAAP. Further information is available on the Internet at: www.siemens.com