DGAP-Adhoc: Siemens Aktiengesellschaft: Siemens sells its stake in NSN to Nokia

Siemens Aktiengesellschaft / Key word(s): Miscellaneous

01.07.2013 06:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Nokia Corporation and Siemens AG have entered into a definitive agreement
pursuant to which Nokia acquires Siemens' entire 50% stake in their joint
venture, Nokia Siemens Networks. The acquisition has been approved by the
Board of Directors of Nokia as well as the Managing and Supervisory Boards
of Siemens, and is subject to the customary regulatory approval process.

The purchase price for Siemens' stake is EUR 1.7 billion and the
transaction is expected to close during the third calendar quarter of 2013.
Upon closing of the planned acquisition, Nokia Siemens Networks will become
a wholly owned subsidiary of Nokia.

The purchase price totals EUR 1.7 billion, of which EUR 1.2 billion will be
paid in cash at the closing of the transaction. The balance of EUR 0.5
billion will be paid in the form of a secured loan from Siemens due one
year from closing. Nokia has obtained committed bank financing for the EUR
1.2 billion cash portion.

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Information and Explaination of the Issuer to this News:

Disclaimer
This document contains statements related to our future business and
financial performance and future events or developments involving Siemens
that may constitute forward-looking statements. 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. We may also make forward-looking statements in
other reports, in presentations, in material delivered to stockholders and
in press releases. In addition, our representatives may from time to time
make oral forward-looking statements. Such statements are based on the
current expectations and certain assumptions of Siemens' management, and
are, therefore, subject to certain risks and uncertainties. A variety of
factors, many of which are beyond Siemens' control, affect Siemens'
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 or anticipated on
the basis of historical trends. These factors include in particular, but
are not limited to, the matters described in Item 3: Key information-Risk
factors of our most recent annual report on Form 20-F filed with the SEC,
in the chapter 'Risks' of our most recent annual report prepared in
accordance with the German Commercial Code, and in the chapter 'Report on
risks and opportunities' of our most recent interim report.
Further information about risks and uncertainties affecting Siemens is
included throughout our most recent annual and interim reports, as well as
our most recent earnings release, which are available on the Siemens
website, www.siemens.com, and throughout our most recent annual report on
Form 20-F 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, performance or
achievements of Siemens may vary materially from those described in the
relevant forward-looking statement as being expected, anticipated,
intended, planned, believed, sought, estimated or projected. Siemens
neither intends, nor assumes any obligation, to update or revise these
forward-looking statements in light of developments which differ from those
anticipated. All underlying margins are calculated by adjusting margins for
the effects reported for the respective businesses in the relevant period.
These effects are provided to assist in the analysis of the businesses'
results year-over-year and may vary from period to period. Underlying
margins are not necessarily indicative of future performance. Other
companies may calculate similar measures differently.

Due to rounding, numbers presented throughout this and other documents may
not add up precisely to the totals provided and percentages may not
precisely reflect the absolute figures.

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Language: English
Company: Siemens Aktiengesellschaft
Wittelsbacherplatz 2
80333 Berlin und München
Germany
Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-52000
E-mail: investorrelations@siemens.com
Internet: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; London, NYSE, SIX

End of Announcement DGAP News-Service

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