Notice of AGM

RNS Number:8507S
Siemens AG
04 December 2003

Siemens

Notice of Annual Shareholders' Meeting

To our shareholders:

Please take notice that the Annual Shareholders' Meeting of Siemens AG will be
held at the Olympiahalle of the Olympiapark, Coubertinplatz, Munich, Federal
Republic of Germany, on Thursday, January 22, 2004, at 10:00 a.m., local time.

The exact wording of the Notice of Annual Shareholders' Meeting has been
published in the German Federal Gazette (Bundesanzeiger) of December 3, 2003 as
well as in the electronic Federal Gazette of the same day.

The Agenda of the Annual Shareholders' Meeting is as follows:

1.     To receive and approve the annual financial statements of Siemens AG and
the consolidated financial statements for the fiscal year ended September 30,
2003, as adopted by the Supervisory Board, together with Management's discussion
and analysis of Siemens AG and the consolidated group, and the report of the
Supervisory Board on fiscal year 2003

The above records are available for inspection on the Internet at http://
www.siemens.com/agm and at the registered offices of Siemens AG,
Wittelsbacherplatz 2, 80333 Munich, and Nonnendammallee 101, 13629 Berlin. Upon
request, a copy will be sent to shareholders.

2.     To consider and vote upon appropriation of the net income of Siemens AG
       to a dividend payout

3.     To ratify the acts of the Managing Board

4.     To ratify the acts of the Supervisory Board

5.     To ratify the appointment of independent auditors

6.     To consider and vote upon a by-election to the Supervisory Board

7.     To consider and vote upon a resolution authorizing the repurchase and use
       of treasury stock

8.     To consider and vote upon the creation of an Authorized Capital 2004
against cash contributions and/or contributions in kind with and without
shareholders' preemptive rights, and the related amendments to the Articles of
Association

9.     To consider and vote upon a resolution authorizing the Managing Board to
issue convertible bonds and/or bonds with warrants, to exclude preemptive rights
of shareholders, and to amend the Articles of Association accordingly.

With regard to Item 2 on the Agenda, the Supervisory Board and the Managing
Board propose that the unappropriated net income of Siemens AG of
Euro979,952,931.10 for the fiscal year ended September 30, 2003 be used to pay out
a dividend of Euro1.10 on each no-par value share entitled to the dividend and that
the amount attributable to treasury stock be carried forward.

Shareholders who are registered in the Company's stock register as shareholders
of Siemens AG are entitled to attend and vote at the Annual Shareholders'
Meeting if their notification of attendance is received by Siemens AG no later
than Friday, January 16, 2004.

Shareholders of record may also vote by proxy.

Berlin and Munich, December 2003

By order of the Managing Board
Siemens Aktiengesellschaft


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