Financing for all-in-one equipment, printers and copiers with "print-IT-easy!" – Siemens Finance & Leasing expands its product portfolio

Munich, Aug 16, 2006 - “Print -IT-easy!” is the name of the new financing model for printing and copy solutions offered by Siemens Finance & Leasing GmbH (SF&L), the German leasing subsidiary of Siemens Financial Services (SFS). This model is user focused and independent of any particular equipment manufacturer. It is designed especially for business with IT system companies and office suppliers. Using “print-IT-easy!” SF&L partners can offer their customers attractive, transparent solutions as well as per-page costs. In addition, they have complete freedom in the selection of the printing and copy systems.

With SF&L’s new, usage-based leasing arrangement called “print-IT-easy!” IT system companies and office suppliers now have a financing solution that is completely independent of any particular manufacturer. Thanks to the new solution, the IT system companies and office suppliers can serve their customers as flexible partners offering needs-based printing solutions. Only one-fifth of all costs associated with document printing are linked to hardware procurement. The bulk of the costs are associated with operation and maintenance. The transparency and calculation certainty offered by “print-IT-easy!” can significantly reduce operation and maintenance costs.

In addition to the transfer of the equipment, “print-IT-easy!” contracts also cover the provision of all maintenance and repair services by the dealer. With the exception of paper, the customer’s monthly payment covers all costs associated with the operation of the leased equipment: maintenance, support and expendable items like toner. The size of the monthly payment is based on a calculated expenditure and printing volume.

Oliver Heiß, who heads the small-ticket business in the Region Northern Germany, views the new leasing arrangement as an innovative addition to his company’s financing portfolio: “With the ‘print-IT-easy!’ leasing arrangement, we are giving IT system companies and office suppliers the opportunity to position themselves with their customers as partners for modern, needs-based printing solutions. The program imposes no limits on the selection of the hardware manufacturer. This independence gives our partners additional flexibility. In terms of conditions and the speed of processing, our solution also sets a competitive standard.”

Information Number: SFS 2006.10e

Siemens Finance & Leasing GmbH, an affiliate of Siemens Financial Services GmbH, ranks among the leading providers of equipment leasing. The company has a nationwide distribution network in Germany. Siemens Finance & Leasing has more than 10,000 customers in Germany, including numerous small and medium-sized companies and self-employed professionals as well as major multinational corporations, municipal, state and federal authorities as well as public entities. Further information is available on the Internet at: www.siemens.de/leasing.

With its roughly 1,700 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, the Siemens Financial Services (SFS) Group offers a broad range of financial services. This covers everything from sales and investment financing to treasury services, fund management and insurance brokerage. SFS’s key customers are above all internationally active industrial and services companies, as well as public-sector operators. More information under: www.siemens.de/sfs.

This press release contains forward-looking statements and information – that is, statements related to future, not past, events. These statements may be identified by words as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “will” or words of similar meaning. Such statements are based on our current expectations and certain assumptions, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens’ control, affect its operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens worldwide to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For us, particular uncertainties arise, among others, from changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products or technologies by other companies, lack of acceptance of new products or services by customers targeted by Siemens worldwide, changes in business strategy and various other factors. More detailed information about certain of these factors is contained in Siemens’ filings with the SEC, which are available on the Siemens website, www.siemens.com and on the SEC’s website, www.sec.gov. Siemens does not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated.

Contact Information

Markus Wierl

Press Office

Siemens Financial Services

Contact via E-mail