Source : Amadeus Database (Bureau van Dijk) Update :October, 2009October, 2009

SIEMENS AKTIENGESELLSCHAFT BERLIN UND MÜNCHEN
(BERLIN, GERMANY)

Nonnendammallee 101-104 Phone : +49 30 3860 Operating revenue/Turnover (2008, mil USD) : 112,098

13629 BERLIN Fax : +49 30 38625050 Net Income (2008, mil USD) : 8,419

GERMANY Date of incorporation : 1847 Employees (2008) : 420,800

This company is quoted.

BvDEP ID number :

DE2010000581

NACE Rev. 1.1 code :

3210 : Manufacture of electronic valves and tubes and other electronic components

Trade description :

Manufacture and distribution of electric or electronic equipments and instruments not elsewhere specified.

Peer Group :


ILLUSTRATION OF THE EVOLUTION OF THREE KEY ITEMS

BALANCE SHEET(mil USD) 30/09/2008 30/09/2007 30/09/2006 30/09/2005 30/09/2004

12 months 12 months 12 months 12 months 12 months

Cons. Cons. Cons. Cons. Cons.

   ASSETS

Current Assets 78,339 80,628 75,233 70,311 69,146

Cash & Equivalents 9,859 5,679 12,931 9,779 15,127

Receivables 20,787 18,782 17,600 20,618 19,197

Other Current Assets 47,693 56,167 44,702 39,913 34,823

Fixed & Other Assets 56,771 49,188 35,577 33,497 29,527

Tangible Fixed Assets 15,886 14,670 15,120 14,465 13,256

Other Assets 40,885 34,519 20,457 19,032 16,271

Total Assets 135,110 129,816 110,810 103,808 98,673

   LIABILITIES

Current Liabilities 50,803 54,389 43,645 34,233 28,057

Accounts Payable 12,672 11,885 10,689 12,248 11,573

Other Current Liabilities 38,130 42,504 32,956 21,985 16,484

Non-Current Liabilities 45,146 33,419 34,382 36,131 36,636

Long Term Debt 24,042 17,559 18,473 9,313 12,142

Other Liabilities 21,104 15,859 15,909 26,817 24,494

Shareholders' Funds 39,162 42,008 32,783 33,444 33,981

Total Liabilites & Shareholders' Funds 135,110 129,816 110,810 103,808 98,673

INCOME STATEMENT(mil USD) 30/09/2008 30/09/2007 30/09/2006 30/09/2005 30/09/2004

12 months 12 months 12 months 12 months 12 months

Cons. Cons. Cons. Cons. Cons.

Operating Revenue / Turnover 112,098 103,688 84,969 91,155 93,598

Cost of Goods Sold -80,503 -73,124 -62,171 -64,427 -66,415

Operating Expenses -28,031 -23,473 -19,304 -23,001 -23,311

Operating Income 3,564 7,091 3,494 3,727 3,872

Financial P/L 546 142 833 1,313 1,704

Tax -1,452 -1,690 -982 -1,179 -820

Extraordinary & Other Items 5,760 183 890 -975 0

Net Income 8,419 5,725 4,235 2,885 4,755

EMPLOYEES 420,800 386,200 368,500 439,400 419,200

RATIOS 30/09/2008 30/09/2007 30/09/2006 30/09/2005 30/09/2004

Return on Shareholders Funds (%) 10.50 17.22 13.20 15.07 16.41

Return on total assets (%) 3.04 5.57 3.91 4.85 5.65

Return on Capital Employed (%) 5.15 11.51 7.97 8.13 8.69

Profit margin (%) 3.67 6.98 5.09 5.53 5.96

Current Ratio (x) 1.54 1.48 1.72 2.05 2.46

Solvency ratio (%) 28.98 32.36 29.58 32.22 34.44

Shareholders liquidity ratio (%) 0.87 1.26 0.95 0.93 0.93

Assets / Employee (th USD) 321 336 301 236 235

Net Assets Turnover (x) 1.33 1.37 1.27 1.31 1.33

MEDIAN VALUES OF THE PEER GROUP 2008 2007 2006 2005 2004

Operating Revenue / Turnover (th USD) 33,496 37,998 29,924 27,035 24,872

Operating Income (th USD) 904 1,252 1,113 768 787

Net Income (th USD) 396 637 577 366 454

Return on shareholders funds (%) 11.41 14.52 16.12 14.97 15.04

Return on capital employed (%) 9.17 11.25 11.70 11.78 12.98

ILLUSTRATION OF THE EVOLUTION OF KEY RATIOS

BOARD MEMBERS & OFFICERS

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Name Title

Barbara Kux Member (AG)

Peter Löscher Member (AG)

Peter Y. Solmssen Member (AG)

Siegfried Russwurm Member (AG)

Wolfgang Dehen Member (AG)

Josef Käser Member (AG)

Hermann Requardt Member (AG)

Heinrich Hiesinger Member (AG)

Josef Ackermann Advisor (AG)

Gerhard Cromme Advisor (AG)

SHAREHOLDERS

BvDEP Independence Indicator: A+ Help

Current definition of the UO :

path of min 25.01% of control, known shareholders

This is a quoted company.

The companies underlined and displayed in blue - bold are available on Amadeus.

The companies underlined and displayed in dark - bold are available on other BvDEP Databases.

	Shareholder name	Country	Type	Ownership		Source		Company Inform.
	Shareholder name	Country	Type	Direct (%)	Total (%)	Source ident.	Date of inform	Closing Date	Op. Revenue (mil USD)*	Total Assets (mil USD)
Shareholders
1.	PUBLIC	-	Z	>74.00	n.a.	SE	03/2008	-	-	-
2.	SIEMENS-BELEGSCHAFTSAKTIONAERE	DE	M	9.00	n.a.	VC	08/2009	-	-	-
3.	VON SIEMENS-VERMÖGENSVERWALTUNG GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	DE	C	5.00	n.a.	VC	08/2009	><	n.a.	<0.5
4.	CAPITAL GROUP COMPANIES, INC., THE via its funds	US	E	-	4.52	FS	08/2009	><	n.a.	n.a.
5.	UBS AG	CH	B	3.84	n.a.	SE	03/2008	><	3,866	1,894,423
6.	DEKABANK DEUTSCHE GIROZENTRALE via its funds	DE	B	-	3.21	FS	07/2009	><	2,390	192,902
7.	ALLIANZ SE	DE	A	3.00	n.a.	VC	02/2009	><	92,090	1,309,557
8.	FRANKLIN RESOURCES, INC. via its funds	US	B	-	2.29	FS	07/2009	><	5,303	8,962
9.	BARCLAYS PLC via its funds	GB	B	-	1.92	FS	09/2009	><	31,273	2,992,835
10.	ALLIANZ SE via its funds	DE	A	-	1.79	FS	08/2009	><	92,090	1,309,557
11.	UNION ASSET MANAGEMENT HOLDING AG via its funds	DE	B	-	1.61	FS	08/2009	><	900	2,817
12.	FMR LLC via its funds	US	F	-	1.57	FS	08/2009	><	3,823	n.a.
13.	GOVERNMENT OF NORWAY via its funds	NO	S	-	1.41	FS	12/2008	-	-	-
14.	DEUTSCHE BANK AG via its funds	DE	B	-	1.37	FS	08/2009	><	16,365	3,065,111
15.	MUNICH RE GROUP	DE	A	1.30	n.a.	VC	08/2009	><	52,647	292,488
16.	WELLINGTON MANAGEMENT CO L.L.P. via its funds	US	E	-	1.14	FS	07/2009	><	n.a.	n.a.
17.	BPCE via its funds	FR	B	-	0.98	FS	09/2009	><	22,966	1,591,421
18.	FISHER INVESTMENTS, INC. via its funds	US	F	-	0.72	FS	06/2009	><	n.a.	n.a.
19.	SOCIÉTÉ GÉNÉRALE via its funds	FR	B	-	0.67	FS	06/2009	><	29,556	1,572,624
20.	UNICREDIT SPA via its funds	IT	B	-	0.67	FS	06/2009	><	36,041	1,455,178
21.	SAS RUE LA BOETIE via its funds	FR	C	-	0.61	FS	06/2009	><	<0.5	27,213
22.	AXA via its funds	FR	A	-	0.60	FS	09/2009	><	117,824	920,986
23.	UBS AG via its funds	CH	B	-	0.60	FS	08/2009	><	3,866	1,894,423
24.	MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY via its funds	US	A	-	0.56	FS	07/2009	><	13,716	125,086
25.	VANGUARD GROUP, INC. THE via its funds	US	E	-	0.55	FS	07/2009	><	n.a.	n.a.
26.	ALECTA PENSIONSFORSAKRING OMSESIDIGT via its funds	SE	A	-	0.50	FS	12/2008	><	2,995	69,081
27.	MORGAN STANLEY via its funds	US	B	-	0.49	FS	08/2009	><	24,739	658,812
28.	ING GROEP NV via its funds	NL	B	-	0.48	FS	07/2009	><	29,274	1,853,275
29.	SAL. OPPENHEIM JR. & CIE. SCA via its funds	LU	C	-	0.42	FS	06/2009	n.a.	n.a.	n.a.
30.	TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA via its funds	US	A	-	0.38	FS	06/2009	><	13,407	195,237
31.	WINDY CITY INVESTMENTS HOLDINGS, L.L.C. via its funds	US	F	-	0.33	FS	07/2009	><	<0.5	n.a.
32.	BNP PARIBAS via its funds	FR	B	-	0.32	FS	06/2009	><	36,868	2,888,543
33.	GROUPE CM-CIC via its funds	FR	C	-	0.32	FS	09/2009	n.a.	n.a.	n.a.
34.	STATE STREET CORPORATION via its funds	US	B	-	0.32	FS	08/2009	><	10,675	173,631
35.	UNIVERSAL-INVESTMENT GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG via its funds	DE	F	-	0.32	FS	06/2009	><	87	n.a.
36.	PLATINUM ASSET MANAGEMENT LTD via its funds	AU	E	-	0.26	FS	06/2009	><	n.a.	n.a.
37.	JP MORGAN CHASE & CO. via its funds	US	B	-	0.23	FS	07/2009	><	66,578	2,175,052
38.	REGERINGSKANSLIET (STATE OF SWEDEN) via its funds	SE	S	-	0.22	FS	12/2008	-	-	-
39.	STATE OF BADEN-WÜRTTEMBERG via its funds	DE	S	-	0.22	FS	07/2009	-	-	-
40.	SUN LIFE FINANCIAL INC via its funds	CA	A	-	0.22	FS	07/2009	><	11,095	151,556
41.	MUNICH RE GROUP via its funds	DE	A	-	0.21	FS	03/2009	><	52,647	292,488
42.	APG GROEP N.V. via its funds	NL	A	-	0.20	FS	12/2008	><	n.a.	n.a.
43.	INVESSCO LTD via its funds	US	E	-	0.20	FS	07/2009	><	n.a.	n.a.
44.	SKAGEN AS via its funds	NO	E	-	0.20	FS	06/2009	><	119	110
45.	EATON VANCE CORP via its funds	US	F	-	0.17	FS	07/2009	><	1,096	968
46.	GARTMORE INVESTMENT MANAGEMENT LIMITED via its funds	GB	E	-	0.17	FS	06/2009	><	451	361
47.	HSBC HOLDINGS PLC via its funds	GB	B	-	0.17	FS	06/2009	><	73,135	2,527,465
48.	RABOBANK NEDERLAND via its funds	NL	B	-	0.17	FS	06/2009	><	18,348	851,887
49.	ARTIO GLOBAL INVESTORS INC. via its funds	US	F	-	0.15	FS	07/2009	><	313	245
50.	SCHRODERS PLC via its funds	GB	B	-	0.15	FS	06/2009	><	1,421	11,070
51.	CAUSEWAY CAPITAL MANAGEMENT LLC via its funds	US	E	-	0.14	FS	07/2009	><	n.a.	n.a.
52.	GENERALI ASSICURAZIONI SPA via its funds	IT	A	-	0.14	FS	06/2009	><	89,926	525,969
53.	INTESA SANPAOLO via its funds	IT	B	-	0.14	FS	06/2009	><	24,543	885,306
54.	MANNING & NAPIER ADVISORS, INC. via its funds	US	E	-	0.13	FS	07/2009	><	n.a.	n.a.
55.	PRUDENTIAL PLC via its funds	GB	A	-	0.13	FS	07/2009	><	27,685	312,410
56.	STATE OF ONTARIO via its funds	CA	S	-	0.13	FS	12/2008	-	-	-
57.	BANK OF NEW YORK MELLON CORPORATION via its funds	US	B	-	0.12	FS	07/2009	><	13,626	237,512
58.	KBC GROEP NV/ KBC GROUPE SA via its funds	BE	B	-	0.12	FS	06/2009	><	6,718	494,494
59.	STANDARD LIFE PLC via its funds	GB	A	-	0.12	FS	06/2009	><	-4,043	190,832
60.	BLACKROCK, INC. via its funds	US	F	-	0.11	FS	07/2009	><	5,064	19,924
61.	COMMERZBANK AG via its funds	DE	B	-	0.11	FS	07/2009	><	9,882	870,085
62.	CREDIT SUISSE GROUP via its funds	CH	B	-	0.11	FS	06/2009	><	6,609	1,100,263
63.	DEXIA via its funds	BE	B	-	0.11	FS	06/2009	><	10,179	906,005
64.	GOVERNMENT OF FINLAND via its funds	FI	S	-	0.11	FS	12/2008	-	-	-
65.	SKANDINAVISKA ENSKILDA BANKEN AB via its funds	SE	B	-	0.11	FS	06/2009	><	5,083	321,448
66.	GOVERNMENT OF FRANCE via its funds	FR	S	-	0.10	FS	03/2009	-	-	-
67.	LINCOLN NATIONAL CORPORATION via its funds	US	A	-	0.10	FS	06/2009	><	6,349	163,136
68.	SIGNAL IDUNA GRUPPE via its funds	DE	C	-	0.10	FS	06/2009	n.a.	n.a.	n.a.
69.	MANAGEMENT	-	M	0.04	n.a.	SE	03/2008	-	-	-
70.	LÖSCHER PETER	DE	I	NG	n.a.	OS	03/2008	-	-	-
71.	WUCHERER KLAUS	n.a.	I	NG	n.a.	OS	09/2007	-	-	-
72.	FIDELITY EUROPEAN VALUES PLC	GB	F	-	n.a.	RM	12/2008	><	9	1,106

* For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the Operating Income (memo).

SUBSIDIARIES (Roll-up structure)

Current definition of the UO :

path of min 25.01% of control, known shareholders

Filters :

No filter

The companies underlined and displayed in blue - bold are available on Amadeus.

The companies underlined and displayed in dark - bold are available on other BvDEP Databases.

	Subsidiary name	Coun- try	Ownership				Source		Company Inform.
	Subsidiary name	Coun- try	Direct (%)	Total (%)	Level of own.	Status	Source ident.	Date of inform	Closing Date	Op. Revenue (mil USD)*	Total Assets (mil USD)
1.	A. FRIEDR. FLENDER AKTIENGESELLSCHAFT FLENDER	DE	100.00	100.00	1	UO+	RM	09/2008	><	1,507	870
2.	ADB	BE	100.00	100.00	1	UO+	RM	09/2008	=	89	66
3.	ADB AIRFIELD SOLUTIONS GMBH & CO. KG	DE	100.00	100.00	1	UO+	VC	06/2009	><	n.a.	n.a.
4.	ADB AIRFIELD SOLUTIONS VERWALTUNGS GMBH	DE	100.00	100.00	1	UO+	VC	06/2009	><	n.a.	n.a.
5.	ALBIS TECHNOLOGIES AG	CH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
6.	AMERLAB-SISTEMAS DE DIAGNOSTICO PARA LABORATORIO, S.A.	PT	100.00	100.00	1	UO+	RM	09/2008	><	8	15
7.	ASIA CARE HOLDING LTD	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
8.	AUDIO SERVICE GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
9.	AUSBILDUNGSZENTRUM FÜR TECHNIK, INFORMATIONSVERARBEITUNG UND WIRTSCHAFT	DE	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	7
10.	BEIJING CNC WATER TECHNOLOGY LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
11.	BERLINER VERMÖGENSVERWALTUNG GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	17
12.	BIBIS INFORMATION TECHNOLOGY AND SERVICES GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	12	4
13.	BIBIS INFORMATION TECHNOLOGY AND SERVICES GMBH	DE	100.00	100.00	1	UO+	VC	08/2009	><	n.a.	n.a.
14.	BRUINHOF B.V.	NL	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	6
15.	CAPTA GRUNDSTÜCKS-VERWALTUNGSGESELLSCHAFT MBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	<0.5
16.	CAPTA GRUNDSTÜCKS-VERWALTUNGSGESELLSCHAFT MBH & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	><	<0.5	n.a.
17.	CAS INNOVATIONS GMBH & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
18.	CAS INNOVATIONS MANAGEMENT GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
19.	CERBERUS MAC KEON SRL	AR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
20.	CERBERUS SEGURIDAD SA	ES	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
21.	CHEMITREAT GROUP PTE LTD	SG	100.00	100.00	1	UO+	OS	03/2008	n.a.	n.a.	n.a.
22.	COMOS INDUSTRY SOLUTIONS APS	DK	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	2
23.	COMOS INDUSTRY SOLUTIONS GMBH	CH	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
24.	COMOS INDUSTRY SOLUTIONS GMBH	AT	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	1
25.	COSMOS IT SOUTH AFRICA (PTY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
26.	DA CREATIVE GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	1	15
27.	DADA BEHRING HOLDINGS HONG KONG LTD	KY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
28.	DADE BEHRING A/S	DK	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	2
29.	DADE BEHRING AB	SE	100.00	100.00	1	UO+	RM	09/2008	=	7	4
30.	DADE BEHRING DE VENEZUELA CA	VE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
31.	DADE BEHRING DIAGNOSTICS (MALAYSIA) SDN BHD	MY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
32.	DADE BEHRING DIAGNOSTICS CO LTD	TH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
33.	DADE BEHRING DIAGNOSTICS INDIA PVT LTD	IN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
34.	DADE BEHRING DIAGNOSTICS PHILIPPINES INC	PH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
35.	DADE BEHRING DIAGNOSTICS PTY LTD	AU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
36.	DADE BEHRING DIAGNOSTICSCO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
37.	DADE BEHRING DIAGNOSTIK TICARET LTD STI	TR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
38.	DADE BEHRING HELLAS S.A.	GR	100.00	100.00	1	UO+	RM	09/2008	=	21	72
39.	DADE BEHRING HONG KONG HOLDINGS CORPORATION	VG	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
40.	DADE BEHRING HONG KONG LTD	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
41.	DADE BEHRING LIMITED	JP	100.00	100.00	1	UO+	RM	09/2008	><	88	n.a.
42.	DADE BEHRING LTDA.	BR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
43.	DADE BEHRING MAURITIUS HOLDING LTD	MU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
44.	DADE BEHRING OY	FI	100.00	100.00	1	UO+	RM	09/2008	=	3	1
45.	DADE BEHRING PORTUGAL - MEIOS DE DIAGNOSTICO MÉDICO, LDA.	PT	100.00	100.00	1	UO+	RM	09/2008	><	11	24
46.	DADE BEHRING SA DE CV	MX	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
47.	DADE BEHRING SERVICIOS S.A. DE C.V.	MX	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
48.	DADE BEHRING SOUTH AFRICA (PTY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
49.	DEMAG DELAVAL INDUSTRIAL TURBOMACHINERY PTE LTD	SG	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
50.	DEMAG DELAVAL TURBOMACHINERY	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
51.	DIAGNOSTIC PRODUCTS CORPORATION DPC FINLAND OY	FI	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
52.	DP OSRAM	UA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
53.	DP SIEMENS UKRAINE	UA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
54.	DPC (TIANJIN) CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
55.	DPC ANALYTICAL D.O.O.	SI	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
56.	DPC MEDLAB GUATEMALA SA	GT	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
57.	DPC MEDLAB PANAMA SA	PA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
58.	DPC MEDLAB REPUBLICA DOMINICANA C POR A	DO	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
59.	DPC VENEZUELA CA	VE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
60.	E & A SPOL.S.R.O.	CZ	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
61.	EDI-USS UMSATZSTEUERSAMMELRECHNUNGEN UND SIGNARTUREN GMBH & CO.KG	DE	100.00	100.00	1	UO+	VC	08/2009	=	n.a.	<0.5
62.	EDI-USS VERWALTUNGSGESELLSCHAFT MBH C/O SIEMENS AG	DE	100.00	100.00	1	UO+	VC	08/2009	=	n.a.	<0.5
63.	EFFICIENT NETWORKS MEXICO SA DE CV	MX	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
64.	ELECTROCATALYTIC PRODUCTS PTE LTD	SG	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
65.	ELIN ENERGIETECHNIK GMBH	DE	100.00	100.00	1	UO+	VC	04/2009	=	20	8
66.	EPE REYROLLE MALAYSIA	MY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
67.	EPS & RTS AUTOMATION SOFTWARE GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	14	2
68.	ERA VERWALTUNGSGESELLSCHAFT MBH & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
69.	FLENDER BELGE	BE	100.00	100.00	1	UO+	RM	09/2008	=	<0.5	<0.5
70.	FLENDER DE MÉXICO, S.A. DE C.V.	MX	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
71.	FLENDER POWER TRANSMISSION (PTY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
72.	HOME AND OFFICE COMMUNICATION DEVICES S.R.L.	AR	100.00	100.00	1	UO+	RM	09/2008	><	1	n.a.
73.	HSP HOCHSPANNUNGSGERÄTE GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	86	n.a.
74.	IMMOSUISSE GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG IMMOBILIEN MANAGEMENT	DE	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	2
75.	INDELMA-INDUSTRIAS ELECTROMECANICAS, S.A.	PT	100.00	100.00	1	UO+	MO	02/2008	><	5	32
76.	INDUSTRIA DE TRABAJOS ELÉCTRICOS, S.A. DE C.V.	MX	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
77.	INDUSTRIAS OSRAM DE MÉXICO, S. A. DE C.V.	MX	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
78.	INNOTEC IT PLANT SOLUTIONS INC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
79.	INVERSIONES LATINOAMERICANAS S.A. DE C.V.	SV	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
80.	IRIEL INDÚSTRIA E COMÉRCIO DE SISTEMAS ELÉTRICOS LTDA.	BR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
81.	IZHTEL	RU	100.00	100.00	1	UO+	CP	03/2009	><	2	3
82.	J.N. KELLY SECURITY HOLDING LTD	CY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
83.	KING HEARING AIDS PTY LTD	AU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
84.	KINTEC CYPRUS LTD	CY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
85.	KMK KUNSTSTOFF METALL UND KOMPONENTEN GMBH & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	><	54	n.a.
86.	KMK KUNSTSTOFF METALL UND KOMPONENTEN VERWALTUNGS-GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	<0.5
87.	KOMPTIME GMBH	DE	100.00	100.00	1	UO+	VC	08/2009	=	145	128
88.	KRAFTWERKSGESELLSCHAFT VÖLKLINGEN MBH & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	><	56	44
89.	KYROS 33 GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
90.	LANDIS & STAEFA GEBAEUDEMANAGENT-BETEILIGUNGEN GMBH	AT	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
91.	LIGHT DISTRIBUTION GESELLSCHAFT MBH	DE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
92.	LINYA NACHRICHTENTECHNOLOGIE GMBH & CO OHG	AT	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
93.	LITRONIX INC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
94.	M-E MANUFACTURING AND SERVICES INC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
95.	MANNESMANN PTY LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
96.	MARQOTT (PTY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
97.	MARQOTT HOLDINGS (PTY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
98.	MARY S.R.O	CZ	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
99.	MECHANIK CENTER ERLANGEN GMBH	DE	100.00	100.00	1	UO+	VC	08/2009	=	58	24
100.	MEMCOR AUSTRALIA PTY LTD	AU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
101.	MESSMA GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	4
102.	MORGAN CONSTRUCTION COMPANY INDIA PRIVATE LMIMITED	IN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
103.	MORGAN ELECTRIC (SHANGHAI) CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
104.	MORGAN MILL PARTS (SHANGHAI) CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
105.	MORGAN MORGOIL (SHANGHAI) CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
106.	MORGAN ROLLING MILL (SHANGHAI) CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
107.	MORGAN-CHINA LTD	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
108.	MRI CANADA LTD	CA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
109.	NAMITPREPAIDZ (PTY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
110.	NIMBUS TECHNOLOGIES LLC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
111.	NINGBO ZUOMING ELECTRONICS CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
112.	OAO OSRAM	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
113.	OBTEC STEUERUNGSTECHNIK GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	<0.5
114.	OEZ POLSKA SP ZOO	PL	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
115.	OEZ SLOVAKIA SPOL S.R.O	SK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
116.	OKTOPUS	BE	100.00	100.00	1	UO+	RM	09/2008	=	8	8
117.	OOO DEMAG DELAVAL INDUSTRIAL TURBOMACHINERY	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
118.	OOO DEMAG DELAVAL POWER NEVSKI	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
119.	OOO OEZ UKRAINE	UA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
120.	OOO OEZ-R	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
121.	OOO S-TECHNOLOGY	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
122.	OOO SIEMENS	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
123.	OOO SIEMENS ENTERPRISE COMMUNICATIONS	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
124.	OOO SIEMENS IT SOLUTIONS AND SERVICES	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
125.	OOO SIEMENS MANAGEMENT INFRASTRUKTURY Y IMUSCHESTWA	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
126.	OOO SIEMENS-SPECIAL PROJECTS	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
127.	OOO TRANSPORTATION SYSTEMS	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
128.	OSAUHING SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS	EE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
129.	OSRAM	FR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
130.	OSRAM D.O.O	RS	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
131.	OSRAM MALAYSIA SDN BHD	MY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
132.	OSRAM (THAILAND) CO LTD	TH	100.00	100.00	1	UO+	RM	09/2008	><	26	10
133.	OSRAM AB	SE	100.00	100.00	1	UO+	RM	09/2008	=	13	12
134.	OSRAM AMPUL TICARET AS	TR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
135.	OSRAM ASIA PACIFIC LTD	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
136.	OSRAM AUSTRALIA PTY LTD	AU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
137.	OSRAM DE COLOMBIA ILUMINACIONES S.A.	CO	100.00	100.00	1	UO+	RM	09/2008	><	12	n.a.
138.	OSRAM DOO	BA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
139.	OSRAM GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	DE	100.00	100.00	1	UO+	VC	08/2009	><	5,197	4,891
140.	OSRAM GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
141.	OSRAM HOLDING COMPANY LTD	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
142.	OSRAM INDIA PVT. LTD.	IN	100.00	100.00	1	UO+	RM	09/2008	><	52	28
143.	OSRAM KERESKEDELMI ÉS SZOLGÁLTATÓ KORLÁTOLT FELELOSSÉGU TÁRSASÁG	HU	100.00	100.00	1	UO+	RM	09/2008	><	16	5
144.	OSRAM KUNSHAN DISPLAY OPTIC CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
145.	OSRAM MIDDLE EAST FZE	AE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
146.	OSRAM OPTO SEMICONDUCTORS (MALAYSIA) SDN BHD	MY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
147.	OSRAM OPTO SEMICONDUCTORS ASIA LTD	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
148.	OSRAM PHILIPPINES LTD CORP	PH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
149.	OSRAM PTE. LTD.	SG	100.00	100.00	1	UO+	RM	09/2008	><	23	8
150.	OSRAM PTY LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
151.	OSRAM SLOVAKIA, A.S.	SK	100.00	100.00	1	UO+	RM	09/2008	><	122	47
152.	OSRAM TAIWAN COMPANY LTD	TW	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
153.	OSRAM TECHNOLOGIES MALAYSIA SDN BHD	MY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
154.	OSRAM WAFER TECHNOLOGIES SDN BHD	MY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
155.	OSRAM, S.R.O.	CZ	100.00	100.00	1	UO+	RM	09/2008	><	20	10
156.	OSRAM-EMPRESA DE APARELHAGEM ELÉCTRICA, LDA	PT	100.00	100.00	1	UO+	RM	09/2008	><	34	14
157.	OY OSRAM AB	FI	100.00	100.00	1	UO+	RM	09/2008	=	8	2
158.	P.T. OSRAM INDONESIA	ID	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
159.	P.T. SIEMENS HEARING INSTRUMENTS	ID	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
160.	P.T. SIEMENS INDONESIA	ID	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
161.	PBV INFORMATIONSDIENSTLEISTUNGS GMBH	AT	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	1
162.	PP INVEST, A.S.	CZ	100.00	100.00	1	UO+	RM	09/2008	><	<0.5	<0.5
163.	PROIN DEVELOPMENT N.V.	NL	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	6
164.	PROJEKTBAU-ARENA-BERLIN GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	9
165.	PROYECTOS DE ENERGÍA, S.A. DE C.V.	MX	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
166.	R & S RESTAURANT SERVICES GMBH C/O SIEMENS AG	DE	100.00	100.00	1	UO+	VC	08/2009	><	n.a.	<0.5
167.	REMECH SYSTEMTECHNIK GMBH & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	><	15	7
168.	REMECH SYSTEMTECHNIK VERWALTUNGS-GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	<0.5	<0.5
169.	REXTON INC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
170.	RIGENS SIA	LV	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
171.	ROBCAD LTD	IL	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
172.	ROCHE SLOVENSKO, S.R.O.	SK	100.00	100.00	1	UO+	RM	09/2008	><	111	65
173.	RUHRTAL HOCHSPANNUNGSGERÄTE BETEILIGUNGSGESELLSCHAFT MBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	<0.5	<0.5
174.	RUHRTAL HOCHSPANNUNGSGERÄTE GMBH & CO. OHG	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
175.	S D ENGINEERS, INC.	US	100.00	100.00	1	UO+	RM	09/2008	><	8	n.a.
176.	S.G. WASSERAUFBEREITUNG UND REGENERIERSTATION GMBH	DE	100.00	100.00	1	UO+	OS	10/2008	><	n.a.	7
177.	S.H ENGINEERING CO.,LTD.	KR	100.00	100.00	1	UO+	RM	09/2008	><	11	4
178.	SAF BETEILIGUNGS GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	<0.5	<0.5
179.	SAF VERMÖGENSVERWALTUNG GMBH & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	32
180.	SCHNEIDER ALTA TENSAO SERVICIOS LTDA	BR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
181.	SDRC BELGIUM	BE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	<0.5
182.	SECURITY MANAGEMENT TECHNOLOGIES ALBANIA SH.P.K.	AL	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
183.	SECURITY MANAGEMENT TECHNOLOGIES BULGARIA EOOD	BG	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
184.	SECURITY MANAGEMENT TECHNOLOGIES DOOEL	MK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
185.	SERVICIOS INDUSTRIALES SERWESTCA C.A.	VE	100.00	100.00	1	UO+	RM	09/2008	><	18	n.a.
186.	SHC SIEMENS EV VE OFIS ILESTISIM CIHAZLARI LIMITED SIRKETI	TR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
187.	SICED ELECTRONICS DEVELOPMENT VERWALTUNGS-GMBH	DE	100.00	100.00	1	UO+	VC	08/2009	><	<0.5	<0.5
188.	SIEMENS	BE	100.00	100.00	1	UO+	RM	09/2008	=	1,246	1,530
189.	SIEMENS (PVT) LTD	ZW	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
190.	SIEMENS (CYPRUS) LTD	CY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
191.	SIEMENS (PVT) LTD	ET	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
192.	SIEMENS AB	SE	100.00	100.00	1	UO+	RM	09/2008	=	642	417
193.	SIEMENS AE, ELEKTROTECHNISCHE PROJECKTE UND ERZEUGNISSE	GR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
194.	SIEMENS AIKESI RADIAL VACUUM TECHNOLOGY (WUXI) CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	><	3	8
195.	SIEMENS AS	NO	100.00	100.00	1	UO+	RM	09/2008	=	907	401
196.	SIEMENS ASSET FINANCE (PROPRIETARY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
197.	SIEMENS AUDIOLOGIAI TECHNIKA	HU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
198.	SIEMENS AUDIOLOGICKA TECHNIKA, S.R.O.	CZ	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
199.	SIEMENS AUDIOLOGISCHE TECHNIK GMBH	DE	100.00	100.00	1	UO+	VC	08/2009	><	n.a.	n.a.
200.	SIEMENS AUTOMATION SYSTEMS LTD	VN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
201.	SIEMENS BANGLADESH LTD	BD	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
202.	SIEMENS BETEILIGUNGEN INLAND GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
203.	SIEMENS BETEILIGUNGEN USA GMBH	DE	100.00	100.00	1	UO+	VC	08/2009	><	n.a.	n.a.
204.	SIEMENS BETEILIGUNGS MANAGEMENT GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	<0.5	<0.5
205.	SIEMENS BETEILIGUNGS-VERWALTUNG SCHWEIZ AG	CH	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
206.	SIEMENS BETEILIGUNGSGESELLSCHAFT BERLIN MBH & CO. OHG	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
207.	SIEMENS BETEILIGUNGSVERWALTUNGS GMBH & CO. OHG	DE	100.00	100.00	1	UO+	RM	09/2008	><	5	n.a.
208.	SIEMENS BORDNETZE BETEILIGUNGS-GMBH	DE	100.00	100.00	1	UO+	VC	08/2009	><	n.a.	n.a.
209.	SIEMENS BOULEVARD ORNANO SAS	FR	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	<0.5
210.	SIEMENS BUILDING TECHNOLOGIES (HONG KONG CHINA) LTD	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
211.	SIEMENS BUILDING TECHNOLOGIES FIRE & SECURITY PRODUCTS GMBH & CO. OHG	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	7
212.	SIEMENS BUILDING TECHNOLOGIES GMBH	AT	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
213.	SIEMENS BUILDING TECHNOLOGIES HVAC PRODUCTS GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	145	64
214.	SIEMENS BUILDING TECHNOLOGIES INC	PH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
215.	SIEMENS BUILDING TECHNOLOGIES LTD	TH	100.00	100.00	1	UO+	RM	09/2008	><	<0.5	<0.5
216.	SIEMENS BUILDING TECHNOLOGIES LTD.	KR	100.00	100.00	1	UO+	RM	09/2008	><	9	7
217.	SIEMENS BUSBAR TRUNKING SYSTEMS GMBH & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	><	40	37
218.	SIEMENS BUSBAR TRUNKING SYSTEMS VERWALTUNGS-GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	<0.5
219.	SIEMENS BUSINESS SERVICES HOLDINGS (PTY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
220.	SIEMENS CAPITAL B.V.	NL	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	113
221.	SIEMENS CO.,LTD.	KR	100.00	100.00	1	UO+	RM	09/2008	><	393	162
222.	SIEMENS COMPUTER AIDED DIAGNOSIS LTD	IL	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
223.	SIEMENS CORPORATE FINANCE PVT LTD	IN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
224.	SIEMENS CORPORATION	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
225.	SIEMENS D.O.O	SK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
226.	SIEMENS D.O.O.	BA	100.00	100.00	1	UO+	RM	09/2008	><	11	18
227.	SIEMENS DEMAG DELAVAL TURBOMACHINERY (PTY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
228.	SIEMENS DEMAG DELAVAL TURBOMACHINERY PVT LTD	IN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
229.	SIEMENS DIAGNOSTICS FINANCE CO LLC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
230.	SIEMENS DOO (MOSTAR)	BA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
231.	SIEMENS DOO (SARAJEVO)	BA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
232.	SIEMENS DOO PODGORICA	ME	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
233.	SIEMENS ELECTRIC MACHINES, S.R.O.	CZ	100.00	100.00	1	UO+	AL	08/2009	=	85	67
234.	SIEMENS ELECTRICAL DRIVES SHANGHAI LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
235.	SIEMENS ELECTRICAL INSTALLATION TECHNOLOGY SRL	RO	100.00	100.00	1	UO+	RM	09/2008	><	23	3
236.	SIEMENS ELECTROCOM POSTAUTOMATION GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	11	6
237.	SIEMENS ELECTRONICS ASSEMBLY PTE LTD	SG	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
238.	SIEMENS ELECTRONICS ASSEMBLY SYSTEMS	FR	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	<0.5
239.	SIEMENS ELECTRONICS ASSEMBLY SYSTEMS AB	SE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
240.	SIEMENS ELECTRONICS ASSEMBLY SYSTEMS BETEILIGUNGEN VERWALTUNGS GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
241.	SIEMENS ELECTRONICS ASSEMBLY SYSTEMS BETEILIGUNGS & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
242.	SIEMENS ELECTRONICS ASSEMBLY SYSTEMS GMBH & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
243.	SIEMENS ELECTRONICS ASSEMBLY SYSTEMS LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
244.	SIEMENS ELECTRONICS ASSEMBLY SYSTEMS MANAGEMENT GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
245.	SIEMENS ELECTRONICS ASSEMBLY SYSTEMS S. DE RL DE CV	MX	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
246.	SIEMENS ELECTRONICS ASSEMBLY SYSTEMS SRL	IT	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
247.	SIEMENS ELECTROTECNICA, S.A.	GT	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
248.	SIEMENS ENTERPRISE COMMUNICATIONS LTD	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
249.	SIEMENS ENTERPRISE COMMUNICATIONS SOCIEDAD ANONIMA	VE	100.00	100.00	1	UO+	OS	09/2007	n.a.	n.a.	n.a.
250.	SIEMENS EOOD	BG	100.00	100.00	1	UO+	RM	09/2008	><	102	44
251.	SIEMENS EROMUTECHNIKA KORLÁTOLT FELELOSSÉGU TÁRSASÁG	HU	100.00	100.00	1	UO+	RM	09/2008	><	63	44
252.	SIEMENS FINANCE AND LEASING LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
253.	SIEMENS FINANCE ASIA LTD	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
254.	SIEMENS FINANCIAL INC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
255.	SIEMENS FINANCIAL LTD	CA	100.00	100.00	1	UO+	RM	09/2008	><	27	n.a.
256.	SIEMENS FINANCIAL SERVICES AB	SE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
257.	SIEMENS FINANCIAL SERVICES GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	130	3,550
258.	SIEMENS FINANCIAL SERVICES LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
259.	SIEMENS FINANCIAL SERVICES OY	FI	100.00	100.00	1	UO+	RM	09/2008	><	36	129
260.	SIEMENS FINANCIERINGSMAATSCHAPPIJ N.V.	NL	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	27,035
261.	SIEMENS FUEL GASIFICATION TECHNOLOGY AG	CH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
262.	SIEMENS FUEL GASIFICATION TECHNOLOGY GMBH & CO. KG	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	17
263.	SIEMENS FUEL GASIFICATION TECHNOLOGY VERWALTUNGS GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
264.	SIEMENS GLOBAL INNOVATION PARTNER MANAGEMENT GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	n.a.	<0.5
265.	SIEMENS HEALTHCARE DIAGNOSTICOS LTDA	BR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
266.	SIEMENS HEALTHCARE DIAGNOSTICS AB	SE	100.00	100.00	1	UO+	RM	09/2008	><	15	10
267.	SIEMENS HEALTHCARE DIAGNOSTICS AS	NO	100.00	100.00	1	UO+	RM	09/2008	=	5	5
268.	SIEMENS HEALTHCARE DIAGNOSTICS LTD	CA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
269.	SIEMENS HEALTHCARE DIAGNOSTICS LTD	AU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
270.	SIEMENS HEALTHCARE DIAGNOSTICS LTD	KR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
271.	SIEMENS HEALTHCARE DIAGNOSTICS LTD	NZ	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
272.	SIEMENS HEALTHCARE DIAGNOSTICS MANUFACTURING LTD	KY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
273.	SIEMENS HEALTHCARE DIAGNOSTICS PTE LTD	SG	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
274.	SIEMENS HEALTHCARE DIAGNOSTICS SDN BHD	MY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
275.	SIEMENS HEALTHCARE DIAGNOSTICS SP ZOO	PL	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
276.	SIEMENS HEALTHCARE DIAGNOSTICS SRL	IT	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
277.	SIEMENS HEALTHCARE DIAGNOSTICS SRL DE CV	MX	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
278.	SIEMENS HEARING INSTRUMENTS (SUZHOU) CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
279.	SIEMENS HEARING INSTRUMENTS PTY LTD	AU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
280.	SIEMENS HEARING INSTRUMENTS PVT LTD	IN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
281.	SIEMENS HEARING SOLUTIONS (PTY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
282.	SIEMENS HOLDING S.L.	ES	100.00	100.00	1	UO+	IN	06/2009	><	2,606	2,266
283.	SIEMENS HOLDING S.P.A.	IT	100.00	100.00	1	UO+	RM	09/2008	=	9	666
284.	SIEMENS HOME & OFFICE COMMUNICATION DEVICES SP ZOO	PL	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
285.	SIEMENS HOME AND OFFICE COMMUNICATION DEVICES (SHANGHAI) LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
286.	SIEMENS HOME AND OFFICE COMMUNICATION DEVICES AB	SE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
287.	SIEMENS HOME AND OFFICE COMMUNICATION DEVICES FZ-LLC	AE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
288.	SIEMENS HOME AND OFFICE COMMUNICATION DEVICES GMBH	AT	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
289.	SIEMENS HOME AND OFFICE COMMUNICATION DEVICES INC	CA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
290.	SIEMENS HOME AND OFFICE COMMUNICATION DEVICES LLC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
291.	SIEMENS HOME AND OFFICE COMMUNICATION DEVICES LTD	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
292.	SIEMENS HOME AND OFFICE COMMUNICATION DEVICES SAS	FR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
293.	SIEMENS HOME AND OFFICE COMMUNICATION DEVICES SCHWEIZ GMBH	CH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
294.	SIEMENS INC.	PH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
295.	SIEMENS INDUSTRIAL SERVICES LTD	TH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
296.	SIEMENS INDUSTRIAL TURBOMACHINERY AB	SE	100.00	100.00	1	UO+	RM	09/2008	=	1,194	1,780
297.	SIEMENS INDUSTRIAL TURBOMACHINERY GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
298.	SIEMENS INDUSTRIAL WORKSHOP SDN BHD	MY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
299.	SIEMENS INDUSTRIEPARK KARLSRUHE VERWALTUNGS GMBH	DE	100.00	100.00	1	UO+	VC	04/2009	=	n.a.	<0.5
300.	SIEMENS INDUSTRIETURBINEN BETEILIGUNGEN GMBH	DE	100.00	100.00	1	UO+	VC	04/2009	><	n.a.	n.a.
301.	SIEMENS INDUSTRY HOLDINGS INC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
302.	SIEMENS INTEGRA TRANSPORTATION SYSTEMS SDN BHD	MY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
303.	SIEMENS INTERNATIONAL TRADING ( SHANGHAI) CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
304.	SIEMENS INVESTOR KFT	HU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
305.	SIEMENS ISRAEL LTD	IL	100.00	100.00	1	UO+	OS	12/2008	n.a.	n.a.	n.a.
306.	SIEMENS IT SERVICES SA	AR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
307.	SIEMENS IT SOLUTIONS AND SERVICES	BE	100.00	100.00	1	UO+	RM	09/2008	=	150	104
308.	SIEMENS IT SOLUTIONS AND SERVICES (PTY) LTD	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
309.	SIEMENS IT SOLUTIONS AND SERVICES PTE LTD	SG	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
310.	SIEMENS IT SOLUTIONS AND SERVICES S.R.O	SK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
311.	SIEMENS IT SOLUTIONS AND SERVICES VERWALTUNGS-GMBH	DE	100.00	100.00	1	UO+	VC	04/2009	><	n.a.	56
312.	SIEMENS IT-DIENSTLEISTUNG UND BERATUNG GMBH	DE	100.00	100.00	1	UO+	VC	02/2009	><	157	n.a.
313.	SIEMENS KOLEJOVA VOZIDLA, S.R.O.	CZ	100.00	100.00	1	UO+	RM	09/2008	><	133	160
314.	SIEMENS LIMITED	KE	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
315.	SIEMENS LIMITED	HK	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
316.	SIEMENS LIMITED FOR TRADING	EG	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
317.	SIEMENS LINEAR MOTOR SYSTEMS GMBH & CO KG.	DE	100.00	100.00	1	UO+	VC	08/2009	=	40	11
318.	SIEMENS LINEAR MOTOR SYSTEMS VERWALTUNGS-GMBH	DE	100.00	100.00	1	UO+	VC	08/2009	><	<0.5	<0.5
319.	SIEMENS LOGISTICS ANS ASSEMBLY EQUIPMENT (SUZHOU) LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
320.	SIEMENS LTD	TZ	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
321.	SIEMENS LTD	VN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
322.	SIEMENS LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
323.	SIEMENS LTD.	TW	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
324.	SIEMENS MALAYSIA SDN BHD	MY	100.00	100.00	1	UO+	RM	09/2008	><	310	149
325.	SIEMENS MANUFACTURING SA	CO	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
326.	SIEMENS MECHANICAL DRIVE SYSTEMS (TIANJIN) CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
327.	SIEMENS MEDICAL INSTRUMENTS PTE. LTD.	SG	100.00	100.00	1	UO+	RM	09/2008	><	490	117
328.	SIEMENS MEDICAL SOLUTION DIAGNOSTICS SARL	MA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
329.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTIC	BE	100.00	100.00	1	UO+	RM	09/2008	=	16	7
330.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS LIMITED	ZA	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
331.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS LIMITED	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
332.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS PTE LTD	SG	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
333.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS S.A.	AR	100.00	100.00	1	UO+	RM	09/2008	><	1	n.a.
334.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS S.R.O	CZ	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
335.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS SA	CL	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
336.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS SA	GR	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
337.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS SA	UY	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
338.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS SERVICIOS S DE RL DE CV	MX	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
339.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS SIA	LV	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
340.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS SRL	CO	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
341.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS SRO	SK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
342.	SIEMENS MEDICAL SOLUTIONS DIAGNOSTICS UNIPESSOAL LDA	PT	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
343.	SIEMENS MEDICAL SOLUTIONS GSD GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	=	35	11
344.	SIEMENS MEDICAL SOLUTIONS HEALTH SERVICES GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	<0.5	5
345.	SIEMENS MOLECULAR IMAGING INC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
346.	SIEMENS NIXDORF INFORMATIONSSYSTEME GMBH	DE	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	2
347.	SIEMENS NIZKONAPETOVA SPINACI TECHNIKA S. R. O.	CZ	100.00	100.00	1	UO+	AL	08/2009	><	44	59
348.	SIEMENS ONE INC	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
349.	SIEMENS OOO	UZ	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
350.	SIEMENS OSAKEYHTIÖ	FI	100.00	100.00	1	UO+	RM	09/2008	=	593	230
351.	SIEMENS PERSONALDIENSTLEISTUNGEN GMBH & CO KG	AT	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
352.	SIEMENS PETNET KOREA CO.,LTD.	KR	100.00	100.00	1	UO+	RM	09/2008	><	9	13
353.	SIEMENS PLANT OPERATIONS TAHADDART SARL	MA	100.00	100.00	1	UO+	RM	09/2008	><	14	n.a.
354.	SIEMENS PLM SOFTWARE (SHENZHEN) LIMITED	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
355.	SIEMENS PLM SOFTWARE SOLUTIONS (SHANGHAI) CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
356.	SIEMENS POWER AUTOMATION CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	><	34	29
357.	SIEMENS POWER ENGINEERING PVT LTD	IN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
358.	SIEMENS POWER GENERATION SERVICE COMPANY LTD	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
359.	SIEMENS POWER HOLDING AG	CH	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
360.	SIEMENS POWER OPERATIONS INC	PH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
361.	SIEMENS POWER STATION AUTOMATION CO., LTD.	CN	100.00	100.00	1	UO+	RM	09/2008	><	16	12
362.	SIEMENS PROCESS ANALYTICS CO LTD	CN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
363.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (AUS) PTY LTD	AU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
364.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (HK) LIMITED	HK	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
365.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (IL) LTD	IL	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
366.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (INDIA) PVT LTD	IN	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
367.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (JP) K.K.	JP	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
368.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (PL) SP ZOO	PL	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
369.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (RU)	RU	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
370.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (SG) PTE LTD	SG	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
371.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (TH) CO LTD	TH	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
372.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (TW) CO LTD	TW	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
373.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE FR	FR	100.00	100.00	1	UO+	RM	09/2008	=	48	30
374.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE II (BE)	BE	100.00	100.00	1	UO+	RM	09/2008	=	<0.5	62
375.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE II (IL) LTD	IL	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
376.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE II (IT) SRL	IT	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
377.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE II (NL) B.V.	NL	100.00	100.00	1	UO+	RM	09/2008	><	n.a.	n.a.
378.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE II (SG) PTE LTD	SG	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
379.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE II (US) INC.	US	100.00	100.00	1	UO+	RM	09/2008	n.a.	n.a.	n.a.
380.	SIEMENS PRODUCT LIFECYCLE MANAGEMENT SOFTWARE III (FR) SAS	FR	100.00	100.00	1	UO+	RM	09

Nonnendammallee 101-104	Phone :	+49 30 3860	Operating revenue/Turnover (2008, mil USD) :	112,098
13629 BERLIN	Fax :	+49 30 38625050	Net Income (2008, mil USD) :	8,419
GERMANY	Date of incorporation :	1847	Employees (2008) :	420,800

BALANCE SHEET(mil USD)	30/09/2008	30/09/2007	30/09/2006	30/09/2005	30/09/2004
	12 months	12 months	12 months	12 months	12 months
	Cons.	Cons.	Cons.	Cons.	Cons.
ASSETS
Current Assets	78,339	80,628	75,233	70,311	69,146
Cash & Equivalents	9,859	5,679	12,931	9,779	15,127
Receivables	20,787	18,782	17,600	20,618	19,197
Other Current Assets	47,693	56,167	44,702	39,913	34,823
Fixed & Other Assets	56,771	49,188	35,577	33,497	29,527
Tangible Fixed Assets	15,886	14,670	15,120	14,465	13,256
Other Assets	40,885	34,519	20,457	19,032	16,271
Total Assets	135,110	129,816	110,810	103,808	98,673

LIABILITIES
Current Liabilities	50,803	54,389	43,645	34,233	28,057
Accounts Payable	12,672	11,885	10,689	12,248	11,573
Other Current Liabilities	38,130	42,504	32,956	21,985	16,484
Non-Current Liabilities	45,146	33,419	34,382	36,131	36,636
Long Term Debt	24,042	17,559	18,473	9,313	12,142
Other Liabilities	21,104	15,859	15,909	26,817	24,494
Shareholders' Funds	39,162	42,008	32,783	33,444	33,981
Total Liabilites & Shareholders' Funds	135,110	129,816	110,810	103,808	98,673

INCOME STATEMENT(mil USD)	30/09/2008	30/09/2007	30/09/2006	30/09/2005	30/09/2004
	12 months	12 months	12 months	12 months	12 months
	Cons.	Cons.	Cons.	Cons.	Cons.
Operating Revenue / Turnover	112,098	103,688	84,969	91,155	93,598
Cost of Goods Sold	-80,503	-73,124	-62,171	-64,427	-66,415
Operating Expenses	-28,031	-23,473	-19,304	-23,001	-23,311
Operating Income	3,564	7,091	3,494	3,727	3,872
Financial P/L	546	142	833	1,313	1,704
Tax	-1,452	-1,690	-982	-1,179	-820
Extraordinary & Other Items	5,760	183	890	-975	0
Net Income	8,419	5,725	4,235	2,885	4,755

EMPLOYEES	420,800	386,200	368,500	439,400	419,200

RATIOS	30/09/2008	30/09/2007	30/09/2006	30/09/2005	30/09/2004
Return on Shareholders Funds (%)	10.50	17.22	13.20	15.07	16.41
Return on total assets (%)	3.04	5.57	3.91	4.85	5.65
Return on Capital Employed (%)	5.15	11.51	7.97	8.13	8.69
Profit margin (%)	3.67	6.98	5.09	5.53	5.96
Current Ratio (x)	1.54	1.48	1.72	2.05	2.46
Solvency ratio (%)	28.98	32.36	29.58	32.22	34.44
Shareholders liquidity ratio (%)	0.87	1.26	0.95	0.93	0.93
Assets / Employee (th USD)	321	336	301	236	235
Net Assets Turnover (x)	1.33	1.37	1.27	1.31	1.33

MEDIAN VALUES OF THE PEER GROUP	2008	2007	2006	2005	2004
Operating Revenue / Turnover (th USD)	33,496	37,998	29,924	27,035	24,872
Operating Income (th USD)	904	1,252	1,113	768	787
Net Income (th USD)	396	637	577	366	454
Return on shareholders funds (%)	11.41	14.52	16.12	14.97	15.04
Return on capital employed (%)	9.17	11.25	11.70	11.78	12.98


Name		Title

Barbara Kux		Member (AG)
Peter Löscher		Member (AG)
Peter Y. Solmssen		Member (AG)
Siegfried Russwurm		Member (AG)
Wolfgang Dehen		Member (AG)
Josef Käser		Member (AG)
Hermann Requardt		Member (AG)
Heinrich Hiesinger		Member (AG)
Josef Ackermann		Advisor (AG)
Gerhard Cromme		Advisor (AG)