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108 A. To our Shareholders 131 B. Corporate Governance 171 C. Combined Management Report

Equity interest
in %September , 
Siemens Product Lifecycle Management Software II (BE) BVBA,
Anderlecht / Belgium 100
Siemens S.A./N.V., Beersel / Belgium 100
Siemens VAI Metal Technologies S.A/N.V, Beersel / Belgium 100
Siemens d.o.o., Banja Luka / Bosnia and Herzegovina 100
Siemens d.o.o. Sarajevo, Sarajevo / Bosnia and Herzegovina 100
Siemens Pty. Ltd., Gaborone / Botswana 100
Siemens EOOD, Sofia / Bulgaria 100
Koncar Power Transformers d.o.o., Zagreb / Croatia 51
Siemens Convergence Creators d.o.o., Zagreb / Croatia 100
Siemens d.d., Zagreb / Croatia 100
J. N. Kelly Security Holding Limited, Larnaka / Cyprus 100
OEZ s.r.o., Letohrad / Czech Republic 100
Siemens Audiologická Technika s.r.o., Prague / Czech Republic 100
Siemens Convergence Creators, s.r.o., Prague / Czech Republic 100
Siemens Electric Machines s.r.o., Drasov / Czech Republic 100
Siemens Industry Software, s.r.o., Prague / Czech Republic 100
Siemens VAI Metals Technologies, s.r.o.,
Ostrava / Czech Republic 100
Siemens, s.r.o., Prague / Czech Republic 100
Siemens A/S, Ballerup / Denmark 100
Siemens Healthcare Diagnostics ApS, Ballerup / Denmark 100
Siemens Höreapparater A/S, Ballerup / Denmark 100
Siemens Industry Software A/S, Ballerup / Denmark 100
Siemens Wind Power A/S, Brande / Denmark 100
NEM Energy Egypt LLC, Alexandria / Egypt 100
Siemens Healthcare Diagnostics S.A.E, Cairo / Egypt 100
Siemens Ltd. for Trading, Cairo / Egypt 100
Siemens Technologies S.A.E., Cairo / Egypt 90
Siemens Healthcare Diagnostics OY, Espoo / Finland 100
Siemens Osakeyhtiö, Espoo / Finland 100
Flender-Graffenstaden SAS, Illkirch-Graffenstaden / France 100
LMS France S.A.R.L, Vélizy-Villacoublay / France 100
LMS Imagine, Roanne / France 100
PETNET Solutions SAS, Saint-Denis / France 100
Samtech France, Massy / France 100
Siemens Audiologie S.A.S., Saint-Denis / France 100
Siemens Financial Services SAS, Saint-Denis / France 100
Siemens France Holding, Saint-Denis / France 100
Siemens Healthcare Diagnostics S.A.S., Saint-Denis / France 100
Siemens Industry Software SAS, Vélizy-Villacoublay / France 100
Siemens Lease Services SAS, Saint-Denis / France 100
SIEMENS Postal Parcel Airport Logistics S.A.S., Paris / France 100
Siemens S.A.S., Saint-Denis / France 100
Equity interest
in %September , 
Siemens VAI Metals Technologies SAS, Savigneux / France 100
Trench France S.A.S., Saint-Louis / France 100
Tecnomatix Technologies (Gibraltar) Limited,
Gibraltar / Gibraltar 100
Siemens A.E., Elektrotechnische Projekte und Erzeugnisse,
Athens / Greece 100
Siemens Healthcare Diagnostics ABEE, Athens / Greece 100
evosoft Hungary Szamitastechnikai Kft., Budapest / Hungary 100
Siemens Audiológiai Technika Kereskedelmi és Szolgáltató
Korlátolt Felelösségü Társaság, Budapest / Hungary 100
Siemens PSE Program- és Rendszerfejlesztö Kft.,
Budapest / Hungary 100
Siemens Zrt., Budapest / Hungary 100
Siemens Sherkate Sahami (Khass), Teheran / Iran,
Islamic Republic of 97
Europlex Technologies (Ireland) Limited, Dublin / Ireland 100
iMetrex Technologies Limited, Dublin / Ireland 100
Siemens Limited, Dublin / Ireland 100
Robcad Limited, Airport City / Israel 100
Siemens Concentrated Solar Power Ltd., Rosh HaAyin / Israel 100
Siemens Industry Software Ltd., Airport City / Israel 100
Siemens Israel Ltd., Tel Aviv / Israel 100
Siemens Israel Projects Ltd., Rosh HaAyin / Israel 100
Siemens Product Lifecycle Management Software  (IL) Ltd.,
Airport City / Israel 100
UGS Israeli Holdings (Israel) Ltd., Airport City / Israel 100
HV-Turbo Italia S.r.l., Mornago / Italy 100
Samtech Italia S.r.l., Milan / Italy 100
Siemens Healthcare Diagnostics S.r.l., Milan / Italy 100
Siemens Hearing Instruments S.r.l., Milan / Italy 100
Siemens Industry Software S.r.l., Milan / Italy 100
Siemens Postal, Parcel & Airport Logistics S.r.L., Milan / Italy 100
Siemens Renting S.p.A. in Liquidazione, Milan / Italy 100
Siemens S.p.A., Milan / Italy 100
Siemens Transformers S.p.A., Trento / Italy 100
Siemens VAI Metals Technologies S.r.l., Marnate / Italy 100
Trench Italia S.r.l., Savona / Italy 100
Siemens TOO, Almaty / Kazakhstan 100
Siemens Kenya Ltd., Nairobi / Kenya 100
Siemens Electrical & Electronic Services K.S.C.C.,
Kuwait City / Kuwait 49
Tecnomatix Technologies SARL, Luxembourg / Luxembourg 100
TFM International S.A. i.L., Luxembourg / Luxembourg 100
Siemens d.o.o. Podgorica, Podgorica / Montenegro 100
1 Control due to a majority of voting rights.
2 Control due to rights to appoint, reassign or remove members of the key
management personnel.
3 Control due to contractual arrangements to determine the direction
of the relevant activities.
4 No control due to substantive removal or participation rights held by other parties.
5 No control due to contractual arrangements or legal circumstances.
6 No significant influence due to contractual arrangements or legal circumstances.
7 Significant influence due to contractual arrangements or legal circumstances.
8 Not consolidated due to immateriality.
9 Not accounted for using the equity method due to immateriality.
10 Exemption pursuant to Section  b German Commercial Code.
11 Exemption pursuant to Section  () German Commercial Code.