Dividend Declaration

RNS Number:5640U
Siemens AG
23 January 2004

Siemens

Dividend announcement
ISIN DE0007236101

The Annual Shareholders' Meeting of Siemens AG on January 22, 2004 resolved that
the unappropriated net income of Euro 979,952,931.10 for fiscal year 2002/2003 be
used to pay a dividend of Euro1.10 for each no-par value share entitled to receive
a dividend and that the amount attributable to the shares of treasury stock be
carried forward.

The dividend is payable on January, 23 2004, after deduction of 20% withholding
tax and a 5.5% solidarity surcharge on the withholding tax (totalling 21,1%).

Payment of the dividend will be effected by your depository bank via Clearstream
Banking AG.

The Double Taxation Treaty between the United Kingdom and the Federal Republic
of Germany of November 26, 1964, as amended in the Protocol of March 23, 1970,
provides for the payment of dividends to qualifying U.K. residents at a reduced
total withholding tax rate of 15%, including the solidarity surcharge. To claim
a refund, shareholders must submit an application by December 31, 2008 to:
Bundesamt fur Finanzen, Friedhofstrasse 1, 53225 Bonn, Germany.

Berlin and Munich, January 22, 2004


Siemens Aktiengesellschaft
The Managing Board


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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