Investor Presentaiton

Merger Siemens wind power with Gamesa SIEMENS ☐ Siemens AG and Gamesa have agreed to merge their Wind Power businesses. ☐ Siemens AG will hold 59% and Gamesa will hold 41% in the post-merger entity. ☐ Merger of the entire Siemens Wind business with Gamesa to create a leading wind player. ☐ In India, Siemens Ltd. is not in the wind power business, only rendering engineering and designing services to Siemens AG. ☐ The board at its meeting on 5th December 2016 decided to sell the above business to a subsidiary of Siemens AG for Rs 75' effective January 1, 2017. Page 7 FY 2016, Analyst Presentation

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