D.7.2 Managing Board

Peter Löscher Roland Busch, Dr. rer. nat. Brigitte Ederer President and Chief Executive Officer, Date of birth: November 22, 1964 Date of birth: February 27, 1956 Date of birth: June 23, 1957 AG First appointed: April 1, 2011 First appointed: July 1, 2010 First appointed: May 1, 2006 Date of birth: September 17, 1957 Term expires: March 31, 2016 Term expires: June 30, 2015 Term expires: March 31, 2016 First appointed: July 1, 2007 External positions External positions External positions Term expires: March 31, 2017 Positions outside Germany: Positions outside Germany: German supervisory board positions: External positions S.A., France Boehringer Ingelheim RCV GmbH, Allianz Deutschland AG, Munich German supervisory board positions: Company positions Austria Positions outside Germany: Münchener Rückversicherungs- Österreichische Industrieholding AG NXP Semiconductors B.V., Netherlands German supervisory board positions: (ÖIAG), Austria Gesellschaft Aktiengesellschaft AG, Munich Company positions in München, Munich Company positions Positions outside Germany: German supervisory board positions: Positions outside Germany: Siemens Industry, Inc., USA Positions outside Germany: BSH Bosch und Siemens Hausgeräte TBG Limited, Malta Siemens Ltd., China Siemens Aktiengesellschaft GmbH, Munich (Chairman) Österreich,­ Austria (Chairman) Siemens Ltd., India (Chairwoman) OSRAM AG, Munich Siemens Pte. Ltd., Singapore Siemens France Holding S.A.S., France Siemens Holding S.p.A., Italy Positions outside Germany: Siemens Schweiz AG, Switzerland Nokia Siemens Networks B.V., (Chairman) (Deputy Chairwoman) Siemens Holdings plc, UK Netherlands Siemens Nederland N.V., Netherlands Siemens Aktiengesellschaft Wolfgang Dehen (Chairwoman) ­Österreich, Austria Siemens Corp., USA (until March, 31, 2011) Siemens S.A., Spain (Chairwoman) (Deputy Chairman) Date of birth: February 9, 1954 Siemens Sanayi ve Ticaret A.Ş., Turkey Siemens Ltd., India First appointed: January 1, 2008 Siemens S.p.A., Italy Term originally to have expired: (Deputy Chairwoman) March 31, 2012 Barbara Kux External positions Date of birth: February 26, 1954 (as of March 31, 2011) Klaus Helmrich First appointed: November 17, 2008 Term expires: November 16, 2013 German supervisory board positions: Date of birth: May 24, 1958 TÜV Süd AG, Munich First appointed: April 1, 2011 External positions Term expires: March 31, 2016 Company positions German supervisory board positions: (until March 31, 2011) ZF Friedrichshafen AG, Friedrichshafen (until October 20, 2011) Positions outside Germany: Siemens Ltd., China Positions outside Germany: (Chairman) Total S.A., France Siemens Ltd., India Siemens Pte. Ltd., Singapore

6 A. To our shareholders 23 B. Corporate Governance 51 C. Combined management’s discussion and analysis 270 Hermann Requardt, Siegfried Russwurm, Peter Y. Solmssen Prof. Dr. phil. nat. Prof. Dr.-Ing. Date of birth: January 24, 1955 Date of birth: February 11, 1955 Date of birth: June 27, 1963 First appointed: October 1, 2007 First appointed: May 1, 2006 First appointed: January 1, 2008 Term expires: March 31, 2017 1 Term expires: March 31, 2016 Term expires: March 31, 2017 Company positions External positions External positions German supervisory board positions: German supervisory board positions: German supervisory board positions: OSRAM AG, Munich Software Aktiengesellschaft, Deutsche Messe Aktiengesellschaft, Positions outside Germany: Darmstadt Hanover Nokia Siemens Networks B.V., Company positions Company positions ­Netherlands Siemens Canada Ltd., Canada German supervisory board positions: German supervisory board positions: (Chairman) BSH Bosch und Siemens Hausgeräte BSH Bosch und Siemens Hausgeräte Siemens Corp., USA GmbH, Munich GmbH, Munich (Chairman) OSRAM AG, Munich OSRAM AG, Munich Siemens S.A., Colombia (Chairman) Positions outside Germany: (Chairman) Siemens Healthcare Diagnostics Inc., Positions outside Germany: Siemens S.A. de C.V., Mexico USA Arabia Electric Ltd. (Equipment), (Chairman) Siemens Japan Holding K.K., Japan Saudi Arabia (Chairman) (Deputy Chairman) Siemens Japan K.K., Japan Nokia Siemens Networks B.V., Michael Süß, Dr. rer. pol. (Chairman) Netherlands Date of birth: December 25, 1963 Siemens Medical Solutions USA, Inc., Siemens Industry, Inc., USA First appointed: April 1, 2011 USA (Chairman) Term expires: March 31, 2016 (Chairman) Siemens Ltd., China External positions Siemens Ltd., Saudi Arabia (Deputy Chairman) German supervisory board positions: Siemens Ltd., South Africa Herrenknecht AG, Schwanau (Chairman) KION Group GmbH, Wiesbaden Siemens Middle East, FZ-LLC, KION Holding 1 GmbH, Wiesbaden United Arab Emirates Positions outside Germany: Siemens VAI Metals Technologies OAO Power Machines, Russia GmbH, Austria VA TECH T & D Co. Ltd., Saudi Arabia

1 As a rule, reappointments are effected until the completion of the 60th year of life only, however, with the proviso that they are extended for another year at a time until a total maximum five-year term, provided that neither the member of the Managing Board nor the Supervisory Board objects.

153. D Consolidated Financial Statements 273 E. Additional information 271 154 D.1 Consolidat ed Statements of Income 158 D.5 Consolidat ed Statements of Changes in Equity 155 D.2 Consolidated Statements of Comprehensive Income 160 D.6 Notes to Consolidated Financial Statements 156 D.3 Consolidated Statements of Financial Position 266 D.7 Super visory Board and Managing Board 157 D.4 Consolidated Statements of Cash Flow