Singapore Bestows Prestigious Award on Siemens Supervisory Board Chairman Dr. Heinrich v. Pierer

Munich, Germany – Dr. Heinrich v. Pierer, Chairman of the Supervisory Board of Siemens AG, has been selected for Singapore’s 2006 Honorary Citizen Award, the first German businessman to receive this prestigious distinction. The award is the highest form of recognition given by the Singapore Government for outstanding contributions of foreigners to the country’s growth and development.

“I am deeply honored that Singapore has selected me for this prestigious award, which recognizes Siemens’ numerous business and community contributions to Singapore. I accept this award on behalf of all our 480,000 employees worldwide,” Dr. v. Pierer said. He added: “Undoubtedly, Singapore’s belief in innovation, its pro-business environment, and the strong capabilities of its citizens have played a large part in our success.”

Throughout his career, Dr. v. Pierer has been very active in promoting economic ties between Germany and Asia, particularly Singapore. He played a leadership role in this regard as Chairman of the Asia-Pacific Committee of German Business from 1993 to 2006.

Siemens’ business roots in Singapore date back to 1908. The company currently employs 2,200 people in Singapore and its entire portfolio of businesses is represented here.

Dr. v. Pierer will receive his award from the President of Singapore at a ceremony to be held this year. Singapore also honored Lee R. Raymond, the retired Chairman and Chief Executive Officer of Exxon Mobil Corporation, with the 2006 Honorary Citizen Award.

Mr Lim Siong Guan, Chairman of the Singapore Economic Development Board, said: “Singapore is very privileged to have global business leaders like Mr. Heinrich v. Pierer and Mr. Lee Raymond as strong advocates. They believe in Singapore, trust Singapore, and are prepared to tell the world how and why Singapore has been good business partners for them. They have played a critical role in helping Singapore build her capabilities and global leadership positions in their business sectors. We are honoured to count them as our special friends. This award is an important way for us to recognise and thank them for their valuable contributions to Singapore”

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