WORLD WIND ENERGY NET

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Siemens Power Generation (PG) continues to expand its manufacturing capacities for its growing wind business. PG officially celebrated the grand opening of its new wind turbine blade factory in Fort Madison, Iowa, on September 21, 2007. The factory is expected to produce approximately 600 wind turbine blades per year, which will be shipped to wind farms in the U.S. It¡¯s the company¡¯s first manufacturing plant for wind turbine components in the U.S., for which the total investment is more than EUR20 million.

Since the acquisition of Bonus Energy in 2004, Siemens has made significant strides to grow its presence in the wind energy industry in the U.S. In 2006, Siemens ranked second in market share in the U.S. with an installed capacity of 570 megawatts (MW). The company expects to greatly exceed this number in 2007. So far this year, Siemens has already received wind turbine orders totaling more than 550 MW in the U.S. Altogether, these projects have the potential to provide clean power to nearly 140,000 homes.

Siemens established the 311,000-square-foot turbine blade manufacturing facility in Fort Madison to better meet the strong demand for clean wind energy in the U.S. Blades for the company¡¯s 2.3-MW wind turbines are manufactured at the new site. The first 148-foot-long, 12-ton blades were delivered to a customer site in Texas in August 2007. So far, the company has hired 220 employees in Fort Madison ¨C a number that is expected to grow to 260 people by the end of the year.

The total employee headcount of the Siemens Wind Division has quadrupled since the acquisition of the Danish company Bonus Energy in December 2004. Siemens Wind Power now employs more than 3,200 employees worldwide, including 400 people in the U.S. The number of its wind turbine installations also has tripled since 2004. The company expects to install 1,500 MW of new capacity worldwide in 2007.

Since entering the wind industry, Siemens has greatly expanded the capacities of its worldwide manufacturing network. In addition to opening the wind turbine blade manufacturing facility in Iowa, the Danish facilities in Brande and Aalberg have been expanded, and a new blade factory was opened in Engesvang, Denmark, in 2006.

¡°By opening a new factory in Iowa we will be able to increase our ability to competitively serve the important North American market,¡± states Andreas Nauen, head of Siemens Wind Power, during the grand opening ceremony of the new facility. ¡°We are especially pleased that we were able to build our first U.S. facility in Fort Madison. Iowa is one of the most supportive states of wind energy and other renewables.¡±

About Siemens AG
Siemens, headquartered in Berlin and Munich, is one of the world¡¯s largest electrical engineering and electronics companies and holds leading market positions in all its business areas.
The company has approximately 475,000 employees working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens has got customers in over 190 countries.
Founded 160 years ago, the company focuses on the areas of Automation and Control, Power, Transportation, Medical, Information and Communications and Lighting. In fiscal 2006 (ended September 30), Siemens had sales of €87.325 billion and net income of €3.033 billion.

About Power Generation Group
The Power Generation Group (PG) of Siemens AG is one of the premier companies in the international power generation sector. In fiscal 2006 (which ended September 30), Siemens PG posted sales amounting to more than EUR10 billion and received new orders totaling EUR12.5 billion, according to U.S. GAAP. Group profit amounted to EUR782 million. On September 30, 2006, PG had a work force of approximately 36,400 worldwide.