Fujitsu Siemens Computers strengthens portfolio with SBS Product Related Services

Fujitsu Siemens Computers (Holding BV) will form a new unit to focus on industry-leading platform solutions for the international market

Dubai UAE, December 22, 2005 - Fujitsu Siemens Computers BV, announces that it has reached an agreement with shareholders Siemens AG and Fujitsu Limited to acquire the international Product Related Services Division of Siemens Business Services as of April 1, 2006*. Customers will benefit from Fujitsu Siemens Computers' increased ability to consult, design, implement and service from one source for industry growth segments: Dynamic Data Center and Mobility. The addition of PRS capabilities is designed to increase profitability by strengthening the company's product related service portfolio and solution implementation.

SBS Product Related Services (PRS) consists of approximately 5,000 employees in 28 countries with revenue of approximately 1.3 billion Euros for the fiscal year 2005. The group's portfolio focuses on bringing platform-independent services and IT infrastructures with solutions that address high-availability, consolidation, migration and life-cycle management. SBS Product Related Services is the sixth-largest IT service Company worldwide and the second largest provider in Germany.

"This announcement is a key strategic step which continues to build on our vision: Understanding you better, serving you best". The customer is our cornerstone, and to deliver on our promise to them, we are continuing to evolve and strengthen our service capabilities through acquiring SBS PRS" said Fujitsu Siemens Computers CEO Bernd Bischoff. "Over the past few years, we have grown to become an industry-leading provider of solutions for Mobility and Dynamic Data Center. We are confident that with this agreement we will be able to better service our customers and partners. PRS's extensive customer knowledge and product expertise can feed back into our development process, leading to a positive impact on the development of our products and solutions. We are convinced that through this additional insight, our company will soon see a positive impact."

"Fujitsu Siemens Computers has proven itself to be a highly valuable partner in the IT arena. They have worked closely together with SBS PRS to bring customers industry-leading solutions," stated Dr. Klaus Kleinfeld, CEO Siemens AG. "The fusion of PRS into Fujitsu Siemens Computers is a logical step and together the new organization will bring added value to customers and partners. Fujitsu Siemens Computers will continue to be the preferred partner for Siemens in its areas of expertise."

Hiroaki Kurokawa, President, Fujitsu Limited commented: "This announcement remarkably improves the product related service capabilities of Fujitsu Siemens Computers. It is a significant step forward that enables customers to enjoy a more integrated quality of products and its related services than before."

The acquired Product Related Services of SBS will operate as a separate subsidiary. Both the existing platform and the Product Related Service business will report into Fujitsu Siemens Computers BV (Holding Company). Fujitsu Siemens Computers will continue to be a 50:50 joint venture of Fujitsu Limited and Siemens AG.

The new Product Related Services business will be headed by Neil Allpress, currently Senior Vice President SBS Product Related Services. Richard Schlauri, the current General Manager SBS Product Related Services Germany, will head the organization in Germany. Both will have a seat on Fujitsu Siemens Computers' Executive Council.

Fujitsu Siemens Computers Product Related Services will retain its key services focus in providing end-to-end platform solutions, while high-volume product services will continue to be provided with channel partners.

Note: A telephone conference for the media with President and Chief Executive Officer of Siemens AG Dr. Klaus Kleinfeld and Bernd Bischoff, President and Chief Executive Officer Fujitsu Siemens Computers on the content of this press release will be held at 4:15 p.m. (CET) today. You can access the webcast at www.siemens.com/conferencecall. Following the telephone conference, you will also find a recording on this web page. The conference can be accessed at:

Dial-in:
+49 69 2222 3105
Germany

+44 20 7365 1850
UK

+1 718 354 1153
USA

Listen Only:
+49 69 2222 2247
Germany

+44 20 7365 1849
UK

+1 718 354 1172
USA

*pending EU and country approvals

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About Fujitsu Siemens Computers:
Fujitsu Siemens Computers is the leading European IT provider with a strategic focus on next-generation Mobility and Dynamic Data Center products, services and solutions. With a portfolio of exceptional depth, our offering extends from handhelds through desktops to enterprise-class IT infrastructure solutions. Fujitsu Siemens Computers has a presence in all key markets across Europe, the Middle East and Africa. Leveraging the strengths, innovation and global reach of our joint shareholders, Fujitsu Limited and Siemens AG, we make sure we meet the needs of customers: large corporations, small and medium enterprises and private users. For more information on Fujitsu Siemens Computers, please visit: www.fujitsu-siemens.com.

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