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Fortune Ranks Siemens the Third Most Admired Company in the U.S.

PISCATAWAY, N.J., April 13, 2004 Fortune's 2004 list of Americas Most Admired Companies named Siemens the third most admired company in the electronics industry, up four spots from 2003. From technologies in hearing solutions and healthcare, energy and transportation, to information and communication, Siemens innovations contribute to the well being of people across the globe. With 65,000 employees in the United States, Siemens continues to invest in and make strong contributions to the U.S.

Fortune also ranked Siemens as the United States third most innovative electronics company. The company dedicates $700 million and 6,400 employees to Research & Development (R&D) in the United States annually. Globally, Siemens dedicates $5.5 billion and 45,300 people to R&D, eclipsing many of its competitors investments and making Siemens the worlds third highest contributor to R&D.

Siemens currently holds 8,600 U.S. patents and 45,000 globally. It is the largest patent holder in Germany, second largest in Europe, and among the top ten in the United States. Siemens produces 30 new inventions each business day and notes that three quarters of its products and services are less than five years old.

We are proud that Siemens outstanding efforts in the U.S. are reflected in our higher position on Fortune's list of Americas Most Admired Companies, said George Nolen, president and CEO of Siemens Corporation. In 2003, Siemens 65,000 U.S. employees helped the company achieve greater efficiencies in our operations while also continuing our leadership position as a technology innovator. These efforts led to dramatic improvements in our financial performance and laid a solid foundation for future growth and profitability.

Every Siemens division remains committed to enhancing peoples lives for the better. Its impressive dedication to R&D allows its talented employees to continue breaking new ground and improving already successful products and services. Recent discoveries and designs by Siemens which recently entered the consumer market include light rail vehicles for the new Houston, Texas METROrail; Blind Spot Detection System (BSDS) on vehicles that warn of objects, like other cars, when they enter a drivers blind spot, syngo Colonography technology for non-invasive colonoscopies; and the PRISMA' 2 K hearing aid designed especially for infants with hearing loss.
Belonging to a company where research and development remain at the forefront of our efforts helps us create the most advanced technologies; technologies vital to advancing the quality of life for the hearing impaired, said William J. Lankenau, president and CEO of Siemens Hearing Instruments.
The Fortune list measures companies on the following criteria: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products/services, and globalness.
Siemens AG is ranked third in the electronics category on Fortunes 2004 Global Most Admired Companies list. In addition, Fortunes 2003 Global 500 ranked Siemens AG as the largest electronics company in the world; fourth largest company in Germany; the eighth largest company in Europe; 21st largest company in the world, and sixth biggest employer in the world.
About Siemens
Siemens Hearing Instruments, part of Siemens Medical Solutions, is one of the leading manufacturers of hearing aids in the United States. Headquartered in Piscataway, New Jersey, the Company offers a range of innovative products, solutions and services to Hearing Care Professionals across the United States. Among its innovative products, the Company designs and manufactures a variety of digital hearing aids in all styles to improve the quality of life for individuals with hearing loss. Visit www.usa.siemens.com/hearing for more information. Siemens Medical Solutions of Siemens AG (NYSE: SI) is one of the largest suppliers to the healthcare industry in the world.

Employing approximately 31,000 people worldwide and operating in more than 120 countries, Siemens Medical Solutions reported sales of 7.4 billion EUR, orders of 7.8 billion EUR and group profit of 1.1 billion EUR for fiscal 2003.
More information can be obtained by visiting http://www.usa.siemens.com/medical.

Siemens Corporate Research, Inc. (SCR), is associated with Siemens AG's Corporate Technology (CT) organization, and is one of five CT R&D centers worldwide. Based in the Princeton Forrestal Center, New Jersey, SCR is staffed by approximately 200 research and support professionals. For more information, visit SCR's web site at: www.scr.siemens.com.

Siemens AG (NYSE:SI) is a leading global electronics and engineering company with reported worldwide sales of $80.5 billion in fiscal 2003. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $16.6 billion and employs 65,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 417,000 people in 192 countries. For more information on Siemens in the United States: www.usa.siemens.com.

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