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108 A. To our Shareholders 131 B. Corporate Governance 171 C. Combined Management Report

Equity interest
in %September , 
Siemens Healthcare Diagnostics (Pty.) Limited,
Isando / South Africa 100
Siemens Hearing Solution (Pty.) Ltd., Randburg / South Africa 100
Siemens IT Solutions and Services (Pty) Ltd.,
Johannesburg / South Africa 100
Fábrica Electrotécnica Josa, S.A., Barcelona / Spain 100
Petnet Soluciones, S.L., Sociedad Unipersonal,
Madrid / Spain 100
Samtech Iberica Engineering & Software Services S.L.,
Barcelona / Spain 100
Siemens Healthcare Diagnostics S.L., Barcelona / Spain 100
Siemens Holding S.L., Madrid / Spain 100
Siemens Industry Software S.L., Barcelona / Spain 100
SIEMENS POSTAL, PARCEL & AIRPORT LOGISTICS, S.L. Sociedad
Unipersonal, Madrid / Spain 100
Siemens Rail Automation Holding S.A., Madrid / Spain 100
Siemens Rail Automation S.A.U., Madrid / Spain 100
Siemens Renting S.A., Madrid / Spain 100
Siemens S.A., Madrid / Spain 100
Telecomunicación, Electrónica y Conmutación S.A.,
Madrid / Spain 100
Siemens AB, Upplands Väsby / Sweden 100
Siemens Financial Services AB, Stockholm / Sweden 100
Siemens Healthcare Diagnostics AB, Södertälje / Sweden 100
Siemens Industrial Turbomachinery AB, Finspång / Sweden 100
Siemens Industry Software AB, Kista / Sweden 100
Huba Control AG, Würenlos / Switzerland 100
Siemens Audiologie AG, Adliswil / Switzerland 100
Siemens Fuel Gasification Technology Holding AG,
Zug / Switzerland 100
Siemens Healthcare Diagnostics AG, Zurich / Switzerland 100
Siemens Industry Software AG, Zurich / Switzerland 100
Siemens Postal, Parcel & Airport Logistics AG,
Zurich / Switzerland 100
Siemens Power Holding AG, Zug / Switzerland 100
Siemens Schweiz AG, Zurich / Switzerland 100
Stadt/Land Immobilien AG, Zurich / Switzerland 100
Siemens Tanzania Ltd., Dar es Salaam / Tanzania,
United Republic of 100
Siemens S.A., Tunis / Tunisia 100
Siemens Finansal Kiralama A.S., Istanbul / Turkey 100
Siemens Isitme Cihazlari Sanayi Ve Ticaret Anonim Sirketi,
Istanbul / Turkey 100
Siemens Sanayi ve Ticaret A.S., Istanbul / Turkey 100
Equity interest
in %September , 
Siemens VAI Metal Teknolojileri Sanayi ve Ticaret A.S.,
Istanbul / Turkey 100
% foreign owned subsidiary “Siemens Ukraine”,
Kiev / Ukraine 100
LIMITED LIABILITY COMPANY “SIEMENS VAI METALS
TECHNOLOGIES”, Kiev / Ukraine 100
Gulf Steam Generators L.L.C., Dubai / United Arab Emirates 100
SD (Middle East) LLC, Dubai / United Arab Emirates 49
Siemens LLC, Abu Dhabi / United Arab Emirates 49
Siemens Middle East Limited, Masdar City /
United Arab Emirates 100
Electrium Sales Limited, Frimley, Surrey / United Kingdom 100
GyM Renewables Limited, Frimley, Surrey / United Kingdom 100
GyM Renewables ONE Limited, Frimley, Surrey / United Kingdom 100
Leuven Measurement & Systems UK Limited, Frimley,
Surrey / United Kingdom 100
Marine Current Turbines Limited, Frimley, Surrey / United Kingdom 100
Preactor International Limited, Frimley, Surrey / United Kingdom 100
Project Ventures Rail Investments I Limited, Frimley,
Surrey / United Kingdom 100
Samtech UK Limited, Frimley, Surrey / United Kingdom 100
SBS Pension Funding (Scotland) Limited Partnership,
Edinburgh / United Kingdom 57
Sea Generation (Brough Ness) Limited, Frimley,
Surrey / United Kingdom 100
Sea Generation (Kyle Rhea) Limited, Frimley,
Surrey / United Kingdom 100
Sea Generation (Wales) Ltd., Frimley, Surrey / United Kingdom 100
Sea Generation Limited, Frimley, Surrey / United Kingdom 100
Siemens Financial Services Holdings Ltd., Stoke Poges,
Buckinghamshire / United Kingdom 100
Siemens Financial Services Ltd., Stoke Poges,
Buckinghamshire / United Kingdom 100
Siemens Healthcare Diagnostics Ltd., Frimley,
Surrey / United Kingdom 100
Siemens Healthcare Diagnostics Manufacturing Ltd, Frimley,
Surrey / United Kingdom 100
Siemens Healthcare Diagnostics Products Ltd, Frimley,
Surrey / United Kingdom 100
Siemens Hearing Instruments Ltd., Crawley,
West Sussex / United Kingdom 100
Siemens Holdings plc, Frimley, Surrey / United Kingdom 100
Siemens Industrial Turbomachinery Ltd., Frimley,
Surrey / United Kingdom 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.