Siemens to Build GBP80m Wind Turbine Factory in the UK

Around 700 UK Jobs to be Created

LONDON, March 29, 2010 - Siemens, the largest provider of wind turbines and offshore
grid connections to the UK, has responded positively to the announcement by
the Chancellor of the Exchequer in the March 2010 Budget, to allocate funding
of GBP60m to a competition for land development. Siemens has indicated its
appreciation of this development and announced its intention to invest in
excess of GBP80m to develop an offshore wind turbine production facility in
the UK. This will help Siemens accommodate future demand driven by Round 3
and Scottish Waters upon successful completion of the competition process.

"With the new wind turbine production plant in the UK we're pushing ahead
with our strategy of investments in attractive growth markets for
eco-friendly technology. In the foreseeable future the wind power market in
the UK will be characterized by major offshore projects, and we'll extend our
market leadership with the new production plant," said Peter Löscher,
President and CEO of Siemens AG.

Andreas J. Goss, Siemens' chief executive in the UK, said:
"The UK government has created a stable framework to attract inward
investment in renewables and offshore wind power in particular. The
competition for land development, announced in the Budget last week, gives us
confidence that the appropriate UK port infrastructure can be made available
to support our production plans. "

"The new Siemens wind turbine factory will create around 700
new local jobs once it is in production, as well as additional indirect jobs
in the supply chain. With the anticipated growth in the renewables market,
there is potential for expansion of the facility in the future. This GBP80m
investment plus additional investment in our UK infrastructure for renewables
will provide a much-needed economic boost for the region, as well as driving
growth in the UK's innovative wind power industry," said Goss.

Siemens is currently exploring a number of sites on the East
Coast and in the North East and will make its decision about the exact
location when the competition process for land development is complete. The
company is working closely with the Regional Development Agencies and its
partners to find the optimum site.

Siemens is already investing in renewable skills development
and research and development in renewable energy in the UK. The company has
established a new Energy Sector training centre in Newcastle and has located
its global Centre of Competence for offshore grid connections in Manchester.
Siemens has also established R&D Centres of Excellence for wind power at
Keele and Sheffield Universities. The new manufacturing facility will produce
the next generation of turbines for offshore application and will draw on R&D
provided by its dedicated Centres of Excellence for wind power in the UK.

More than 40% of the electricity from wind power in the UK is
provided using Siemens Wind Power technology.

About Siemens in the UK:

Siemens was established in the United Kingdom 167 years ago
and now employs 17,000 people in the UK. Last year's revenues were in excess
of GBP4 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 more than 100 locations 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, Mobile: +44(0)-7808-823545, Email: anne.keogh at siemens.com; Rachel Odams, Siemens plc, Tel : +44(0)1276-690782, Mobile : +44(0)7808-824209, Email : rachel.odams at siemens.com