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108 A. To our Shareholders 131 B. Corporate Governance 171 C. Combined Management Report

Equity interest
in %September , 
Siemens X-Ray Vacuum Technology Ltd.,Wuxi, Wuxi / China 100
Smart Metering Solutions (Changsha) Co. Ltd., Changsha / China 60
Trench High Voltage Products Ltd., Shenyang, Shenyang / China 65
Winergy Drive Systems (Tianjin) Co. Ltd., Tianjin / China 100
Yangtze Delta Manufacturing Co. Ltd., Hangzhou,
Hangzhou / China 51
Asia Care Holding Limited, Hong Kong / Hong Kong 100
SAMTECH HK Ltd, Hong Kong / Hong Kong 100
Siemens Industry Software Limited, Hong Kong / Hong Kong 100
Siemens Ltd., Hong Kong / Hong Kong 100
Siemens Postal, Parcel & Airport Logistics Limited,
Hong Kong / Hong Kong 100
LMS India Engineering Solutions Pvt Ltd, Chennai / India 100
PETNET Radiopharmaceutical Solutions Pvt. Ltd.,
New Delhi / India 100
Powerplant Performance Improvement Ltd., New Delhi / India 50
Preactor Software India Private Limited, Bangalore / India 100
Siemens Convergence Creators Private Limited, Mumbai / India 100
Siemens Financial Services Private Limited, Mumbai / India 100
Siemens Hearing Instruments Pvt. Ltd., Bangalore / India 100
Siemens Industry Software (India) Private Limited,
New Delhi / India 100
Siemens Ltd., Mumbai / India 75
Siemens Postal and Parcel Logistics Technologies Private
Limited, Mumbai / India 100
Siemens Postal Parcel & Airport Logistics Private Limited,
Mumbai / India 100
Siemens Rail Automation Pvt. Ltd., Bangalore / India 100
Siemens Technology and Services Private Limited,
Mumbai / India 100
P.T. Siemens Indonesia, Jakarta / Indonesia 100
PT. Siemens Industrial Power, Kota Bandung / Indonesia 60
Siemens Hearing Instruments Batam, PT, Batam / Indonesia 100
Acrorad Co., Ltd., Okinawa / Japan 57
Best Sound K.K., Sagamihara / Japan 100
Siemens Healthcare Diagnostics K.K., Tokyo / Japan 100
Siemens Hearing Instruments K.K., Tokyo / Japan 100
Siemens Industry Software K.K., Tokyo / Japan 100
Siemens Industry Software Simulation and Test K.K.,
Kanagawa / Japan 100
Siemens Japan Holding K.K., Tokyo / Japan 100
Siemens Japan K.K., Tokyo / Japan 100
Siemens Energy Solutions Limited, Seoul / Korea, Republic of 100
Siemens Industry Software Ltd., Seoul / Korea, Republic of 100
Equity interest
in %September , 
Siemens Ltd. Seoul, Seoul / Korea, Republic of 100
Siemens PETNET Korea Co. Ltd., Seoul / Korea, Republic of 100
Siemens VAI Metals Technologies Limited, Seoul / Korea,
Republic of 100
HRSG Systems (Malaysia) SDN. BHD., Kuala Lumpur / Malaysia 100
Reyrolle (Malaysia) Sdn. Bhd., Kuala Lumpur / Malaysia 100
Siemens Malaysia Sdn. Bhd., Petaling Jaya / Malaysia 100
Siemens Subsea Systems SDN. BHD, Kuala Lumpur / Malaysia 100
VA TECH Malaysia Sdn. Bhd., Kuala Lumpur / Malaysia 100
Siemens (N.Z.) Limited, Auckland / New Zealand 100
Siemens Power Operations, Inc., Manila / Philippines 100
Siemens, Inc., Manila / Philippines 100
PETNET Solutions Private Limited, Singapore / Singapore 100
Siemens Industry Software Pte. Ltd., Singapore / Singapore 100
Siemens Medical Instruments Pte. Ltd., Singapore / Singapore 100
Siemens Postal, Parcel & Airport Logistics PTE. LTD.,
Singapore / Singapore 100
Siemens Pte. Ltd., Singapore / Singapore 100
Siemens Rail Automation Pte. Ltd., Singapore / Singapore 100
Siemens Industry Software (TW) Co., Ltd., Taipei / Taiwan,
Province of China 100
Siemens Ltd., Taipei / Taiwan, Province of China 100
Siemens Limited, Bangkok / Thailand 99
Siemens Ltd., Ho Chi Minh City / Viet Nam 100
Associated companies and joint ventures
Germany ( companies)
Advanced Power AG und Siemens Project Ventures GmbH
in GbR, Hamburg 50
ATS Projekt Grevenbroich GmbH, Schüttorf, Schüttorf 25
BELLIS GmbH, Braunschweig 49
BSH Bosch und Siemens Hausgeräte GmbH, Munich 50
BWI Informationstechnik GmbH, Meckenheim 50
Caterva GmbH, Pullach i. Isartal 50
DKS Dienstleistungsgesellschaft f. Kommunikationsanlagen
des Stadt- und Regionalverkehrs mbH, Cologne 49
EMIS Electrics GmbH, Lübbenau / Spreewald 49
FEAG Fertigungscenter für Elektrische Anlagen GmbH, Erlangen 49
HANSATON Akustik GmbH, Hamburg 50
IFTEC GmbH & Co. KG, Leipzig 50
Infineon Technologies Bipolar GmbH & Co. KG, Warstein 40
Infineon Technologies Bipolar Verwaltungs-GmbH, Warstein 40
Innovative Wind Concepts GmbH, Husum 50
LIB Verwaltungs-GmbH, Leipzig 50
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.