Siemens Bonus and Dividend

Siemens Ltd has informed that the Board of Directors of the Company at its meeting held on November 22, 2007, inter alia, has transacted the following:

1. Recommended a Dividend of Rs 4.80 (i.e. 240%) per Equity Share of Rs 2/- each for the Financial Year ended September 30, 2007 (Previous Year — Rs 3.80 (190%) per Equity Share of Rs 2/- each).

2. Recommended issue of Bonus Shares in the ratio of 1:1 (i.e. one Bonus Share for every share held), subject to statutory and regulatory approvals, including of shareholders.

3. Approved the proposal for the merger of Siemens Industrial Turbomachinery Services Pvt Ltd, Bangalore (SITS) with the Company. This transaction is subject to approvals of the Shareholders, all requisite authorities and Honourable Bombay High Court. SITS is a wholly owned subsidiary of the Company and is engaged in the business of overhauling and maintenance of industrial gas turbines and supply of spares.