318 Notes to Consolidated Financial Statements, Positions held by Supervisory Board members

Supervisory Board

Heinrich v. Pierer, Lothar Adler* Berthold Huber* Albrecht Schmidt, Prof. Dr. jur., Dr.-Ing. E. h. Chairman of the Combine Works Chairman, IG Metall Dr. jur., Dr. oec. publ. h. c. (until April 25, 2007) Council, AG Date of birth: February 15, 1950 Retired bank director Chairman Date of birth: February 22, 1949 Member since: July 1, 2004 Date of birth: March 13, 1938 Member since: January 23, 2003 Date of birth: January 26, 1941 External positions Member since: March 11, 1993 Member since: January 27, 2005 External positions Gerhard Bieletzki* German supervisory board positions: External positions (on April 25, 2007) Audi AG, Ingolstadt German supervisory board positions: Chairman of the Works Council German supervisory board positions: Münchener Rückversicherungs- of Siemens VDO Automotive AG, AG, /Main Walter Kröll, Prof. Dr. rer. nat. Gesellschaft AG, Dortmund Hochtief AG, Essen Consultant Thyssen’sche Handelsgesellschaft m.b.H., Münchener Rückversicherungs- Date of birth: May 16, 1947 Mülheim/Ruhr Member since: January 23, 2003 Date of birth: May 30, 1938 Gesellschaft AG, Munich Member since: January 23, 2003 ThyssenKrupp AG, Düsseldorf Henning Schulte-Noelle, Dr. jur. John David Coombe External positions Volkswagen AG, Wolfsburg Chairman of the Supervisory Board, Chartered Accountant (FCA) German supervisory board positions: Allianz SE MTU Aero Engines GmbH, Munich Gerhard Cromme, Dr. jur. Date of birth: March 17, 1945 Date of birth: August 26, 1942 AG, Paderborn Chairman (since April 25, 2007) Member since: January 23, 2003 Member since: February 13, 1997 Date of birth: February 25, 1943 External positions Michael Mirow, Prof. Dr. External positions Member since: January 23, 2003 Comparable positions outside Germany: (since April 25, 2007) German supervisory board positions: External positions Hogg Robinson Group plc, UK University professor Allianz SE, Munich (Chairman) (Chairman) German supervisory board positions: Date of birth: October 6, 1938 E.ON AG, Düsseldorf Home Retail Group plc, UK Allianz SE, Munich Member since: April 25, 2007 ThyssenKrupp AG, Düsseldorf Axel Springer AG, HSBC Holdings plc, UK ThyssenKrupp AG, Düsseldorf Wolfgang Müller* Peter von Siemens (Chairman) Hildegard Cornudet* (until January 25, 2007) Industrial manager Computer engineer Comparable positions outside Germany: Trade Union Secretary, IG Metall Date of birth: August 10, 1937 Date of birth: April 16, 1949 Compagnie de Saint-Gobain S.A., Date of birth: January 14, 1948 Member since: March 11, 1993 Member since: April 1, 2004 France Member since: January 23, 2003 Jerry I. Speyer Birgit Grube* Georg Nassauer* Chairman & CEO, Tishman Speyer Ralf Heckmann* Office clerk (until March 31, 2007) Date of birth: June 23, 1940 First Deputy Chairman Date of birth: August 21, 1945 Steel casting constructor Member since: July 14, 2003 Member since: March 11, 1993 Chairman of the Central Works Council, Date of birth: March 8, 1948 Siemens AG Member since: March 11, 1993 Lord Iain Vallance of Tummel Date of birth: July 19, 1949 Bettina Haller* Chairman, Amsphere Ltd. Member since: March 24, 1988 (since April 1, 2007) Thomas Rackow* Date of birth: May 20, 1943 Social worker (Dipl.-Soz.) Industrial manager Member since: January 23, 2003 Josef Ackermann, Dr. oec. Date of birth: March 14, 1959 Date of birth: February 6, 1952 Member since: April 1, 2007 Second Deputy Chairman Member since: January 26, 2006 Chairman of the Board of Managing Heinz Hawreliuk* Directors, Deutsche Bank AG Dieter Scheitor* Trade Union Secretary, IG Metall Date of birth: February 7, 1948 (since January 25, 2007) Member since: January 23, 2003 Date of birth: March 20, 1947 Member of the Executive Committee, Member since: April 1, 1985 IG Metall External positions Date of birth: November 23, 1950 German supervisory board positions: Member since: January 25, 2007 DaimlerChrysler Luft- und Raumfahrt Holding AG, Munich Eurocopter Deutschland GmbH, Munich

The Supervisory Board of Siemens AG has 20 members. As stipulated by the German Codetermination Act, half of the members represent Company sharehol- ders, and half represent Company employees. The shareholder representatives were elected at the Annual Shareholders’ Meeting on January 23, 2003, and the employee representatives, whose names are marked with an asterisk, were either elected by an assembly of employee delegates on December 5, 2002 or replaced an employee representative who had resigned from the Supervisory Board. The Supervisory Board is elected for five years. As of September 30, 2007 Notes to Consolidated Financial Statements, Positions held by Supervisory Board members 319

Supervisory Board committees The Supervisory Board of Siemens AG has established six standing committees.

Committees Meetings in Duties and responsibilities Members as of fiscal 2007 September 30, 2007

Chairman’s 8 meetings The Chairman’s Committee of the Supervisory Board is responsible for Heinrich v. Pierer, Committee 8 decisions by reviewing basic issues of business policy and management, especially in Prof. Dr. jur., Dr.-Ing. E. h. notational matters concerning the Managing Board. The Committee makes recom- (Chairman until April 25, 2007) voting using mendations to the Supervisory Board on the appointment and dismissal Gerhard Cromme, Dr. jur. written circu- of Managing Board members and determines the Managing Board’s (Chairman since April 25, 2007) lations employment and remuneration framework. The Committee executes the Ralf Heckmann contracts of employment with Managing Board members and determines Josef Ackermann, Dr. oec. their remuneration as well as the amounts of the variable and stock-based components of their annual compensation. The Committee makes recommendations to the Supervisory Board on the composition of Supervisory Board committees. The Committee decides whether to approve business transactions with Managing Board members and related parties. The Committee’s duties include regularly reviewing the Company’s corporate governance principles and formulating propo- sals to improve the Company’s approach to corporate governance issues.

Audit Committee 7 meetings The Audit Committee’s duties include preparing Supervisory Board Gerhard Cromme,* Dr. jur. 0 decisions by reviews of the annual financial statements of Siemens AG and of the con- (Chairman until April 25, 2007) notational solidated financial statements of Siemens worldwide. The Committee also Henning Schulte-Noelle,* Dr. jur. voting using reviews the quarterly financial statements and the half-year financial (Chairman since April 25, 2007) written circu- report and liaises with Siemens’ internal financial auditors and with the Ralf Heckmann lations independent auditors (particularly with regard to awarding the audit con- John David Coombe tract, defining the focal points of the audit, determining the auditors’ fee, (since April 25, 2007) and monitoring their independence). Heinz Hawreliuk Heinrich v. Pierer,* Prof. Dr. jur., Dr. Ing. E. h. (until April 25, 2007)

Compliance 3 meetings During the ongoing compliance investigation, the Compliance Committee Gerhard Cromme, Dr. jur. Committee (1) 0 decisions by will deal with the following subjects on behalf of the Supervisory Board: (Chairman) notational overseeing the ongoing compliance investigation, processing reports from Ralf Heckmann voting using the law firm Debevoise & Plimpton LLP on its independent investigation and John David Coombe written circu- review of the internal compliance and control systems, and monitoring the Heinz Hawreliuk lations Company’s adherence to statutory provisions, official regulations and inter- Henning Schulte-Noelle, Dr. jur. nal company policies.

Ownership Rights 0 meetings The Ownership Rights Committee is responsible for decisions relating to the Heinrich v. Pierer, Committee, 6 decisions by exercise of ownership rights resulting from interests in other companies. Prof. Dr. jur., Dr.-Ing. E. h. § 32 of the German notational (Chairman until April 25, 2007) Codetermination Act voting using Gerhard Cromme, Dr. jur. written circu- (Chairman since April 25, 2007) lations Josef Ackermann, Dr. oec. Albrecht Schmidt, Dr. jur., Dr. oec. publ. h. c.

Nominating 0 meetings The Nominating Committee recommends suitable nominees for election Gerhard Cromme, Dr. jur. Committee (2) 0 decisions by to the Supervisory Board at the Annual Shareholders’ Meeting. Josef Ackermann, Dr. oec. notational Henning Schulte-Noelle, Dr. jur. voting using written circu- lations

Mediation Committee, 0 meetings As stipulated by German law, the Mediation Committee makes recom- Heinrich v. Pierer, § 27 (3), § 31 (3) and mendations to the Supervisory Board regarding the appointment or Prof. Dr. jur., Dr.-Ing. E. h. (5) of the German revocation of appointment of Managing Board members, if the required (Chairman until April 25, 2007) Codetermination Act two-thirds majority of Supervisory Board member votes is not obtained on Gerhard Cromme, Dr. jur. the first ballot. (Chairman since April 25, 2007) Ralf Heckmann Josef Ackermann, Dr. oec. Heinz Hawreliuk

(1) Established by resolution of April 25, 2007 * Audit committee fi nancial expert (2) Established by resolution of July 25, 2007 as defi ned by the Sarbanes-Oxley Act

Further information on corporate governance at Siemens is available at: www.siemens.com/corporate_governance 320 Notes to Consolidated Financial Statements, Positions held by Managing Board members

Managing Board

Klaus Kleinfeld, Dr. rer. pol. Heinrich Hiesinger, Dr.-Ing. Eduardo Montes Hermann Requardt, Prof. Dr. phil. nat. President and Chief Executive Officer, (since June 1, 2007) Date of birth: October 2, 1951 Date of birth: February 11, 1955 Siemens AG (until June 30, 2007) Date of birth: May 25, 1960 First appointed: May 1, 2006 First appointed: May 1, 2006 Date of birth: November 6, 1957 First appointed: June 1, 2007 Term expires: March 31, 2011 Term expires: March 31, 2011 First appointed: December 1, 2002 Term expires: March 31, 2012 External positions Company positions Term originally to have expired: Company positions Comparable positions outside Germany: German supervisory board positions: September 30, 2007 Comparable positions outside Germany: Mecalux, S.A., Spain Siemens VDO Automotive AG, Regensburg External positions (since June 30, 2007) Siemens AB, Sweden Company positions (Chairman) German supervisory board positions: Siemens A.E., Greece (Chairman) German supervisory board positions: Comparable positions outside Germany: Bayer AG, Leverkusen Siemens AG Österreich, Austria Siemens Enterprise Communications Siemens Ltd., Comparable positions outside Germany: Siemens A/S, Denmark Management GmbH (Chairman) Siemens A/S, Norway Uriel J. Sharef, Dr. rer. pol. Alcoa Inc., USA Comparable positions outside Germany: Siemens A.Ş., Turkey Citigroup Inc., USA Nokia Siemens Networks B.V., Date of birth: August 19, 1944 Siemens France Holding S.A.S, France Company positions Netherlands First appointed: July 26, 2000 Siemens Holdings plc, UK Siemens S.A., Spain (Chairman) Term expires: March 31, 2008 Comparable positions outside Germany: Siemens Nederland N.V., Netherlands Company positions Nokia Siemens Networks B.V., Siemens Schweiz AG, Jürgen Radomski, Netherlands Siemens S.p.A., Italy (Deputy Chairman) Comparable positions outside Germany: Dr. rer. pol. h. c., Dr. techn. h. c. Siemens Sp. z.o.o., Poland (Chairman) Ltd., Canada Peter Löscher Siemens Zrt., Hungary Date of birth: October 26, 1941 Siemens Corp., USA (Chairman) President and Chief Executive Officer, First appointed: June 29, 1994 Siemens Israel Ltd., Israel (Chairman) Siemens AG (since July 1, 2007) Term expires: December 31, 2007 Siemens Power Transmission & Distribution, Inc., USA Date of birth: September 17, 1957 Date of birth: June 23, 1957 External positions Siemens S.A., Colombia (Chairman) First appointed: July 1, 2007 First appointed: May 1, 2006 German supervisory board positions: Siemens S.A. de C.V., (Chairman) Term expires: March 31, 2012 Term expires: March 31, 2011 ALBA AG, Berlin External positions External positions Deutsche Kranken versicherung AG, Cologne Peter Y. Solmssen Comparable positions outside Germany: German supervisory board positions: (since October 1, 2007) Smiths Group plc, UK Dräger Medical AG & Co. KG, Lübeck Bayerische Börse AG, Munich Date of birth: January 24, 1955 Company positions Company positions Company positions First appointed: October 1, 2007 German supervisory board positions: Comparable positions outside Germany: German supervisory board positions: Term expires: March 31, 2012 BSH Bosch und Siemens Hausgeräte Nokia Siemens Networks B.V., Siemens VDO Automotive AG, Regensburg Netherlands (until September 30, 2007) GmbH, Munich (Deputy Chairman) Klaus Wucherer, Comparable positions outside Germany: GmbH, Munich (Chairman) Prof. Dr.-Ing., Dr.-Ing. E. h. Nokia Siemens Networks B.V., Comparable positions outside Germany: Date of birth: July 9, 1944 Netherlands Johannes Feldmayer, Prof.* Siemens AG Österreich, Austria First appointed: August 1, 1999 Siemens Corp., USA (until September 30, 2007) (Chairman) Term expires: March 31, 2008 Siemens Ltd., China Siemens A.Ş., Turkey Date of birth: October 16, 1956 Siemens Ltd., External positions First appointed: May 1, 2003 Siemens Schweiz AG, Switzerland (Chairman) (until November 13, 2007) German supervisory board positions: Term expired: September 30, 2007 Rudi Lamprecht Deutsche Messe AG, Hanover External positions Date of birth: October 12, 1948 Erich R. Reinhardt, AG, Munich German supervisory board positions: First appointed: April 26, 2000 Prof. Dr.-Ing., Dr.-Ing. E. h., Dr. med. h. c. LEONI AG, Nuremberg SAP AG, Walldorf ExxonMobil Central Europe Holding Term expires: March 31, 2009 Date of birth: October 3, 1946 GmbH, Hamburg Company positions First appointed: December 1, 2001 Company positions Infineon Technologies AG, Munich German supervisory board positions: Term expires: March 31, 2011 German supervisory board positions: BSH Bosch und Siemens Hausgeräte External positions BSH Bosch und Siemens Hausgeräte GmbH, Munich GmbH, Munich (Chairman) German supervisory board positions: OSRAM GmbH, Munich Dräger Medical AG & Co. KG, Lübeck Comparable positions outside Germany: Comparable positions outside Germany: Siemens Ltd., China (Chairman) Fujitsu Siemens Computers (Holding) B.V., Siemens Ltd., India Netherlands (Deputy Chairman) Siemens Ltd., Korea Nokia Siemens Networks B.V., Siemens S.A., (Chairman) Netherlands (since October 1, 2007) (Deputy Chairman) OOO Siemens, (Chairman) Siemens Ltd., South Africa (Chairman)

* Released from Company duties as of March 28, 2007

As of September 30, 2007 Notes to Consolidated Financial Statements, Positions held by Managing Board members 321

Managing Board committees

Committees Meetings in Duties and responsibilities Members as of fiscal 2007 September 30, 2007

Corporate Executive 44 meetings The Corporate Executive Committee comprises the President of the , Dr. rer. pol. Committee Managing Board, the heads of Corporate Finance and Corporate Person- (until June 30, 2007) nel, and currently six other Managing Board members elected by the Peter Löscher Managing Board. The Corporate Executive Committee has full authority to (since July 1, 2007) act for and on behalf of the Managing Board between meetings of the Johannes Feldmayer, Prof.* Managing Board. (until September 30, 2007) Heinrich Hiesinger, Dr.-Ing. Joe Kaeser Rudi Lamprecht Jürgen Radomski, Dr. rer. pol. h. c., Dr. techn. h. c. Hermann Requardt, Prof. Dr. phil. nat. Uriel J. Sharef, Dr. rer. pol. Peter Y. Solmssen (since October 1, 2007) Klaus Wucherer, Prof. Dr.-Ing., Dr.-Ing. E. h.

Equity and Employee 0 meetings This Committee oversees the utilization of authorized capital in connec- Klaus Kleinfeld, Dr. rer. pol. Stock Committee 2 decisions by tion with the issuance of employee stock and the implementation of (until June 30, 2007) notational various capital measures. Peter Löscher voting using (since July 1, 2007) written circu- Joe Kaeser lations Jürgen Radomski, Dr. rer. pol. h. c., Dr. techn. h. c.

* Released from Company duties as of March 28, 2007

Further information on corporate governance at Siemens www.siemens.com/corporate_governance is available at: