Siemens plc Response to 2011 Budget

CAMBERLEY, England, March 23, 2011 - Andreas J Goss, Chief Executive, Siemens plc, said:

"Siemens is very pleased that the Chancellor has announced an additional
GBP2bn of capital funding (to a maximum of GBP3bn) for the Green Investment
Bank and accelerated its implementation to 2012. This should put the Bank on
a secure footing, giving access to finance that is essential to for the
deployment of low carbon, infrastructure projects."

Andreas J Goss, Chief Executive, Siemens plc, said:

"Siemens welcomes the announcement in the Budget of a new Enterprise Zone
in London - we backed the call for an Enterprise Zone centred in Newham,
where we are building the Siemens global centre for urban sustainability. If
the incentives are right, this new zone could ensure sustainable employment
and a lasting economic legacy for London."

Juergen Maier, Managing Director, Siemens Industry Sector said:

"Siemens welcomes the steps taken in the 2011 Budget to encourage
investment within the manufacturing sector in new plant and machinery.
Doubling the limit on capital allowances from 4yrs to 8yrs should help UK
manufacturers invest to increase productivity and encourages the growth
needed for the UK to maintain a competitive position in the global market."

Notes to editors:

About Siemens in the UK

Siemens was established in the United Kingdom 168 years ago
and now employs around 16,000 people in the UK. Last year's revenues were
GBP4.1 billion. As a leading global engineering and technology services
company, Siemens provides innovative solutions to help tackle the world's
major challenges, across the key sectors of energy, industry and healthcare.
Siemens has offices and factories throughout the UK, with its headquarters in
Frimley, Surrey. The company's global headquarters is in Munich, Germany. For
more information, visit www.siemens.co.uk

For more information, contact: Anne Keogh, Siemens plc, Tel: +44 (0)1276-696312, Mob: +44(0)7808-823545, Email: anne.keogh at siemens.com