Siemens Enterprise Communications Plans EUR200 Million of Debt Financing

By Siemens Enterprise Communications, PRNE
Sunday, October 17, 2010

LONDON, October 18, 2010 - Enterprise Networks Holdings B.V., a joint venture between The Gores
Group and Siemens AG which owns and operates the Siemens Enterprise
Communications business, announced today that it plans to raise EUR200
million
of first-line debt by offering a private placement of senior secured
notes.

The net proceeds from the senior secured notes would be used primarily
for general corporate purposes, with a portion of the net proceeds to be used
to refinance existing debt and retire certain contractual obligations. The
notes will be senior secured obligations of EN Germany Holdings B.V., the
wholly-owned subsidiary of Enterprise Networks Holdings B.V., and guaranteed
on a senior secured basis by Enterprise Networks Holdings B.V. and certain of
its subsidiaries.

The Notes and the related guarantees have not been registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act"), or the
securities laws of any jurisdiction. Accordingly, the Notes will be offered
only to qualified institutional buyers and to persons outside the United
States
in reliance on Rule 144A and Regulation S under the Securities Act,
respectively. Unless so registered, the Notes may not be offered or sold in
the United States except pursuant to an exemption from the registration
requirements of the Securities Act and applicable state securities laws.
Prospective purchasers that are qualified institutional buyers are notified
by this press release that the seller of the Notes may be relying on the
exemption from the provisions of Section 5 of the Securities Act provided by
Rule 144A.

This communication does not constitute an offer of securities to the
public in the United Kingdom. Consequently, this communication is directed
only to (i) persons who are outside the United Kingdom or (ii) persons who
have professional experience in matters relating to investments falling
within Article 19(1) of the U.K. Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order"), (iii) high net worth entities
falling within Article 49(2) of the Order and (iv) other persons to whom it
may lawfully be communicated (all such persons together being referred to as
"relevant persons"). Any investment activity to which this communication
relates will only be available to and engaged with relevant persons. Any
person who is not a relevant person should not act or rely on this document
or any of its contents.

Copies of this announcement are not being made and may not be distributed
or sent into the United States of America, Canada, Japan, Australia or
France.

In connection with the sale of securities referred to in this
release, one or more parties named as the stabilising manager(s) (or persons
acting on behalf of any stabilising manager(s)) may over-allot securities or
effect transactions with a view to supporting the market price of the
securities at a level higher than that which might otherwise prevail.
However, there is no assurance that the stabilising manager(s) (or persons
acting on behalf of any stabilising manager(s)) will undertake stabilisation
action. Any stabilisation action may begin on or after the date on which
adequate public disclosure of the terms of the offer of the securities is
made and, if begun, may be ended at any time, but it must end no later than
the earlier of 30 days after the issue date of the securities and 60 days
after the date of the allotment of the securities. Any stabilisation action
or over-allotment must be conducted by the relevant stabilising manager(s)
(or person(s) acting on behalf of any stabilising manager(s)) in accordance
with all applicable laws and rules.

The information contained in this release is not for publication or
distribution, directly or indirectly, in or into the United States of
America
, Canada, Japan, Australia or France. The materials do not constitute
an offer of securities for sale in the United States, nor may the securities
be offered or sold in the United States absent registration or an exemption
from registration as provided in the U.S. Securities Act of 1933, as amended,
and related rules and regulations. There is no intention to register any
portion of the offering in the United States of America or to conduct a
public offering of securities in the United States of America.

The information contained in this release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any sale
of the securities referred to in this release in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration,
exemption from registration or qualification under the securities laws of any
such jurisdiction.

About Siemens Enterprise Communications

Siemens Enterprise Communications is a premier provider of end-to-end
enterprise communications, including voice, network infrastructure and
security solutions that use open, standards-based architectures to unify
communications and business applications for a seamless collaboration
experience. This award-winning "Open Communications" approach enables
organizations to improve productivity and reduce costs through easy-to-deploy
solutions that work within existing IT environments, delivering operational
efficiencies. It is the foundation for the company's OpenPath(R) commitment
that enables customers to mitigate risk and cost-effectively adopt unified
communications. Jointly owned by The Gores Group and Siemens AG, Siemens
Enterprise Communications companies include Siemens Enterprise
Communications, Cycos, and Enterasys Networks.

Forward Looking Statements

This press release contains statements regarding beliefs and expectations
of the outcome of future events that are forward-looking statements as
defined within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from the
statements made. Neither Enterprise Networks Holdings B.V. nor EN Germany
Holdings B.V. takes responsibility for updating the information contained in
this press release to reflect subsequent events or circumstances or the
occurrence of unanticipated events.

Note: Siemens Enterprise Communications & Co K.G. is a trademark licensee
of Siemens AG. HiPath, OpenOffice, OpenScape and OpenStage, are registered
trademarks of Siemens Enterprise Communications & Co K.G. or its affiliates.
All other company, brand, product and service names are trademarks or
registered trademarks of their respective holders.

    Media Relations

    Amy Martin
    Global Corporate Communications
    Telephone: +1(408)-492-2785
    Email: amy.martin@siemens-enterprise.com
    Siemens Enterprise Communications GmbH & Co. KG
    Hofmannstr. 51, 81379 München

Media Relations: Amy Martin, Global Corporate Communications, Telephone: +1(408)-492-2785, Email: amy.martin at siemens-enterprise.com, Siemens Enterprise Communications GmbH & Co. KG, Hofmannstr. 51, 81379 München

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