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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As filed with the Securities and Exchange Commission on February&nbsp;28, 2006</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Registration No.&nbsp;333-</B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Siemens Aktiengesellschaft</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Federal Republic of Germany</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Not Applicable</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction of Incorporation or Organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification or Organization)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Wittelsbacherplatz 2<BR>
D-80333 Munich, Germany</B><BR>
(Address of Principal Executive Offices)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>2001 Siemens Stock Option Plan<BR>
Siemens Savings Plan<BR>
Siemens Savings Plan for Union Employees</B><BR>
(Full Title of Plans)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Siemens Corporation<BR>
153 East 53</B><SUP style="font-size: 85%; vertical-align: text-top"><B>rd</B></SUP> <B>Street<BR>
New York, New York<BR>
1 212 258 4000</B><BR>
(Name, Address and Telephone Number of agent for service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><I>Copies to</I>:</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Mary E. Alcock, Esq.<BR>
Cleary Gottlieb Steen &#038; Hamilton LLP<BR>
One Liberty Plaza<BR>
New York, NY 10006<BR>
Telephone: 1 212 225 2000<BR>
Fax: 1 212 225 3999</B>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="22" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount To</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Be</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Maximum</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Name</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title of Securities</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registered</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Offering Price</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate Offering</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of Registration</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>of Plan</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>To Be Registered(1)</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(2)</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Per Share</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Fee</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
                      <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">2001 Siemens Stock<BR>
Option Plan
</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="center" valign="top" style="border-top: 1px solid #000000">Ordinary Shares of
Siemens<br>
Aktiengesellschaft,
no par value
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" nowrap style="border-top: 1px solid #000000">485,500
<br>Shares
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">$87.20<B>(3)</B>
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">42,337,603</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(3)</B></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">4,531</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(3)</B></TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">2001 Siemens Stock<BR>
Option Plan
</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">Ordinary Shares of
Siemens
Aktiengesellschaft,
no par value
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">312,795 Shares
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">$86.36<B>(3)</B>
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">27,012,623</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(3)</B></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">2,891</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(3)</B></TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">2001 Siemens Stock<BR>
Option Plan
</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">Ordinary Shares of
Siemens
Aktiengesellschaft,
no par value
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">263,750 <BR>Shares
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">$88.80<B>(3)</B>
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">23,420,841</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(3)</B></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">2,507</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(3)</B></TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">2001 Siemens Stock<BR>
Option Plan
</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">Ordinary Shares of
Siemens
Aktiengesellschaft,
no par value
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">937,955 <BR>Shares
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">$91.44<B>(4)</B>
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">85,768,768</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(4)</B></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">9,178</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(4)</B></TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Siemens Savings Plan
</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">Ordinary Shares of
Siemens
Aktiengesellschaft,
no par value
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" nowrap style="border-top: 1px solid #000000">6,000,000 <BR>Shares
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">$91.44<B>(4)</B>
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">548,640,000</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(4)</B></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">58,705</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(4)</B></TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Siemens Savings
Plan for <BR>Union
Employees
</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">Ordinary Shares of
Siemens<BR>
Aktiengesellschaft,
no par value
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">660,000 <BR>Shares
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">$91.44<B>(4)</B>
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">60,350,400</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(4)</B></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">6,458</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000"><B>(4)</B></TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px"><B>TOTAL</B>
</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 1px solid #000000">8,660,000 Shares
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">787,530,235</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="bottom" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000">84,270</TD>
    <TD nowrap valign="bottom" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="22" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 3pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>American Depositary Shares (&#147;ADSs&#148;) evidenced by American Depositary Receipts (&#147;ADRs&#148;)
issuable upon deposit of the Ordinary Shares have been registered under a separate
registration statement on Form F-6. Each ADS is issued in respect of one (1)&nbsp;Share.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>The number of Ordinary Shares being registered also includes an indeterminate number of
Ordinary Shares that may be issuable as a result of stock splits, stock dividends or similar
anti-dilution adjustments of the outstanding Ordinary Shares in accordance with Rule&nbsp;416 of
the Securities Act of 1933, as amended (the &#147;Securities Act&#148;).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Calculated pursuant to Rule&nbsp;457(h)(1) under the Securities Act based on the respective prices
at which outstanding options may be exercised. The exercise prices were expressed in Euros
and have been translated into U.S. dollars at an exchange rate of
$1.1905 to &#128;1, the noon
buying rate in New York City in U.S. dollars for cable transfers in Euro as certified for
customs purposes by the Federal Reserve Bank of New York on February&nbsp;22, 2006.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated in accordance with Rule&nbsp;457(h)(1) and Rule 457(c) under the Securities Act solely
for the purpose of computing the registration fee with respect to Ordinary Shares to be issued
upon exercise of options not yet granted and with respect to Ordinary Shares to be purchased
under the Siemens Savings Plan and the Siemens Savings Plan for Union Employees (together, the
&#147;Savings Plans&#148;), based on the average high and low price per Ordinary Share as reported by
the Frankfurt Stock Exchange on February&nbsp;22, 2006 translated into U.S. dollars at an exchange
rate of $1.1905 to &#128;1, the noon buying rate in New York City in U.S. dollars for cable
transfers in Euro as certified for customs purposes by the Federal Reserve Bank of New York on
February&nbsp;22, 2006.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, pursuant to Rule 416(c) under the Securities Act, this Registration Statement also
covers an indeterminate amount of interests to be offered and sold pursuant to the Savings Plans
(together with the 2001 Siemens Stock Option Plan, the &#147;Plans&#148;).
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interests of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;7. Exemption from Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">INDEX TO EXHIBITS</A></TD></TR>
<TR><TD colspan="9"><A HREF="f01188exv4w2.htm">Exhibit 4.2</A></TD></TR>
<TR><TD colspan="9"><A HREF="f01188exv4w3.htm">Exhibit 4.3</A></TD></TR>
<TR><TD colspan="9"><A HREF="f01188exv5w1.htm">Exhibit 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="f01188exv23w1.htm">Exhibit 23.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="f01188exv23w2.htm">Exhibit 23.2</A></TD></TR>
</TABLE>
</CENTER>
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<!-- link1 "PART I" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>EXPLANATORY NOTE</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As permitted by Rule&nbsp;428 under the Securities Act, this Registration Statement omits the
information specified in Part&nbsp;I of Form S-8. Siemens
Aktiengesellschaft (the &#147;Registrant,&#148; &#147;we&#148; or
&#147;us&#148;) will deliver the documents containing the information specified in Part&nbsp;I to the participants
in the Plans covered by this Registration Statement as required by Rule&nbsp;428(b). We are not filing
these documents with the Securities and Exchange Commission (the &#147;Commission&#148;) as part of this
Registration Statement or as prospectuses or prospectus supplements pursuant to Rule&nbsp;424 of the
Securities Act.
</DIV>


<P align="center" style="font-size: 10pt">I-1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "PART II" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

</DIV>
<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We incorporate by reference into this Registration Statement the following documents, to the
extent not superseded by documents or reports subsequently filed or furnished:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Our Annual Report on Form 20-F for the fiscal year ended September&nbsp;30, 2005 filed with
the Commission on December&nbsp;7, 2005 (the &#147;2005 Form 20-F&#148;) pursuant to the Securities Exchange Act
of 1934, as amended (the &#147;Exchange Act&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our consolidated financial statements as of September&nbsp;30, 2005 and 2004, and for each of the
years in the three-year period ended September&nbsp;30, 2005, and management&#146;s assessment of the
effectiveness of internal control over financial reporting as of September&nbsp;30, 2005, appearing in
the Annual Report on Form 20-F for the fiscal year ended September&nbsp;30, 2005 have been incorporated
by reference in this Registration Statement in reliance upon the report of KPMG Deutsche
Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftspr&#252;fungsgesellschaft, an independent registered
public accounting firm (&#147;KPMG&#148;), appearing in such Annual Report on Form 20-F, and upon the
authority of said firm as experts in accounting and auditing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KPMG&#146;s report dated November&nbsp;23, 2005 contains an explanatory paragraph that states:
Management&#146;s assessment of the effectiveness of Siemens&#146; internal control over financial reporting
as of September&nbsp;30, 2005 excludes, in accordance with applicable guidance provided by the
Commission, various acquisitions completed in fiscal 2005. For further information on significant
acquisitions excluded see &#147;Notes to Consolidated Financial Statements, Note 3 aa).&#148; Total assets
and revenues of these acquisitions constituted less than 9% and 3%, respectively, of the related
Consolidated Financial Statement line item as of and for the year ended September&nbsp;30, 2005. Our
audit of internal control over financial reporting of Siemens AG also excluded an evaluation of the
internal control over financial reporting of these 2005 acquisitions described in Note 3 aa) to the
consolidated financial statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KPMG&#146;s report on the consolidated financial statements also refers to a change in the method
of accounting for asset retirement obligations effective October&nbsp;1, 2002.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Siemens Savings Plan&#146;s Annual Report on Form 11-K for the fiscal year ended December&nbsp;31,
2004, filed with the Commission on June&nbsp;29, 2005 pursuant to the Exchange Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Siemens Savings Plan for Union Employees&#146; Annual Report on Form 11-K for the fiscal year
ended December&nbsp;31, 2004, filed with the Commission on June&nbsp;29, 2005 pursuant to the Exchange Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The description of the Ordinary Shares contained under the heading &#147;Item&nbsp;10: Additional
Information &#150;Capital Stock&#148; in our Registration Statement on Form 20-F/A, filed with the Commission
on March&nbsp;14, 2001, and in &#147;Item&nbsp;10: Additional Information &#150; Rights, Preferences and Restrictions
Attaching To Our Shares&#148; in the 2005 Form 20-F.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;All other reports filed by us pursuant to Section 13(a) or 15(d) of the Exchange Act
since the fiscal year ended September&nbsp;30, 2005 or by the Savings Plans since the fiscal year ended
December&nbsp;31, 2004.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by us (with respect to any Form 6-K, only to the extent
designated therein) and the Savings Plans pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the
Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement that
indicates that all securities offered hereby have been
</DIV>

<P align="center" style="font-size: 10pt">II-1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">sold or that deregisters all securities remaining unsold, shall be deemed to be incorporated
by reference in this Registration Statement and to be part hereof from the date of filing of such
documents.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the extent that KPMG audits and reports on our consolidated financial statements and
management&#146;s assessment of the effectiveness of internal control over financial reporting issued at
future dates, and consents to the use of its report thereon, the audited consolidated financial
statements and management&#146;s assessment of the effectiveness of internal control over financial
reporting appearing in such Forms 20-F will be incorporated by reference in this Registration
Statement in reliance upon its reports and said authority.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document that also
is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such
statement so modified or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
</DIV>
<!-- link2 "Item&nbsp;4. Description of Securities" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel" -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The validity of the Ordinary Shares to be issued under the Plans will be passed upon
for us by Dr.&nbsp;Paul Hobeck, our General Counsel. Dr.&nbsp;Hobeck is a full time employee of the
Registrant and may be eligible to participate in the Plans and receive Ordinary Shares thereunder.
Dr.&nbsp;Hobeck currently beneficially owns less than 0.001% of our outstanding Ordinary Shares.
</DIV>
<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers" -->
<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under German law, a corporation may indemnify its officers, and, under certain circumstances,
German labor law requires a stock corporation to do so. However, a corporation may not, as a
general matter, indemnify members of the management board or the supervisory board. A German stock
corporation may, however, purchase directors&#146; and officers&#146; insurance. The insurance may be subject
to any mandatory restrictions imposed by German law. In addition, German law may permit a
corporation to indemnify a member of the management board or the supervisory board for attorneys&#146;
fees incurred if such member is the successful party in a suit in a country, like the United
States, where winning parties are required to bear their own costs, if German law would have
required the losing party to pay the member&#146;s attorneys&#146; fees had the suit been brought in Germany.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The members of the governing bodies of the Registrant and all board members of its domestic
and foreign subsidiaries are indemnified by the Registrant or its subsidiaries against third-party
liability claims to the extent permitted by law. For this purpose, the Registrant provides a group
insurance policy for board and committee members and employees of the Siemens organization which is
taken out for one year and renewed annually. The insurance covers the personal liability of the
insured in the case of a financial loss associated with employment functions. In such a case, the
Registrant may, with effect from October&nbsp;1, 2005, hold members of the Managing Board liable for
such loss up to an amount equivalent to 20&nbsp;percent of the fixed salary. In the same way, each
member of the Supervisory Board has individually agreed to be held liable up to an amount
equivalent to 20&nbsp;percent of their fixed compensation component (i.e., a deductible within the
meaning of Section&nbsp;3.8 paragraph 2 of the German Corporate Governance Code).
</DIV>
<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed" -->
<DIV align="left"><A NAME="006"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<P align="center" style="font-size: 10pt">II-2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link2 "Item&nbsp;8. Exhibits" -->
<DIV align="left"><A NAME="007"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2001 Siemens Stock Option Plan (incorporated by reference from
Exhibit&nbsp;4.1 to Registration Statement on Form&nbsp;S-8 (333-81126)
filed with the Commission on January&nbsp;18, 2002)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Siemens Savings Plan</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Siemens Savings Plan for Union Employees</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">English translation of Articles of Association of Siemens
Aktiengesellschaft updated as of October&nbsp;2005 (incorporated by
reference from Exhibit&nbsp;1.1 to the 2005 Form&nbsp;20-F)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Deposit Agreement dated as of March&nbsp;1, 2001 (as amended from
time to time) among the Siemens Aktiengesellschaft, the
JPMorgan Chase Bank, N.A. and all Holders and Beneficial
Owners from time to time of American Depositary Receipts
issued thereunder (incorporated by reference from Exhibit to
Registration Statement No.&nbsp;333-13208)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Dr.&nbsp;Paul Hobeck</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft Wirtschaftspr&#252;fungsgesellschaft,
independent auditors</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP, independent auditors</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Dr.&nbsp;Paul Hobeck (included in Exhibit&nbsp;5.1)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included in signature pages)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to Item 8(b) of Part&nbsp;II of Form S-8, the undersigned Registrant hereby undertakes that it
has, both in the past and currently, submitted the Savings Plans to the Internal Revenue Service
(the &#147;IRS&#148;) in a timely manner and it has in the past, and will currently, make all changes
required by the IRS in order to qualify the Savings Plans.
</DIV>

<!-- link2 "Item&nbsp;9. Undertakings" -->
<DIV align="left"><A NAME="008"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The undersigned Registrant hereby undertakes:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;to include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;to reflect in the prospectus any facts or events arising after the effective date of the
Registration Statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the Registration
Statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;to include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such information in
the Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Provided, however</I>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or 15(d)
of the Exchange Act that are incorporated by reference in the Registration Statement.
</DIV>

<P align="center" style="font-size: 10pt">II-3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial <I>bona fide </I>offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be
governed by the final adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt">II-4
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="009"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Munich on February&nbsp;28, 2006.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="58%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">Siemens Aktiengesellschaft &nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">/s/ Dr.&nbsp;Klaus Kleinfeld</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Dr. Klaus Kleinfeld</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Executive Officer and
Chairman of the Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">/s/ Heinz-Joachim Neub&#252;rger</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Heinz-Joachim Neub&#252;rger</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice-President, Chief Financial Officer
and Member of the Managing Board</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities indicated on February&nbsp;28, 2006. In addition,
each undersigned hereby constitutes and appoints Dr.&nbsp;Klaus Kleinfeld and Heinz-Joachim Neub&#252;rger,
jointly and severally, his attorneys in fact, each with power of substitution, in his name and in
the capacity indicated below, to sign any and all further amendments (including post-effective
amendments) to the Registration Statement and to file the same, with exhibits thereto and other
documents on connection therewith, with the Commission, hereby ratifying and confirming all that
each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by
virtue hereof.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">Title</TD>
</TR>
<TR>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Dr.&nbsp;Klaus Kleinfeld</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dr. Klaus Kleinfeld
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Executive
Officer and Chairman of the
Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Heinz-Joachim Neub&#252;rger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Heinz-Joachim Neub&#252;rger
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice-President, Chief
Financial Officer and Member of
the Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Johannes Feldmayer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Johannes Feldmayer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice-President and
Member of the Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Dr.&nbsp;Thomas Ganswindt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dr. Thomas Ganswindt
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice-President and
Member of the Managing Board</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">II-5
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">Title</TD>
</TR>
<TR>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Prof. Dr.&nbsp;Edward G. Krubasik</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Prof. Dr.&nbsp;Edward G. Krubasik
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice-President and
Member of the Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Rudi Lamprecht</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Rudi Lamprecht
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice-President and
Member of the Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Dr.&nbsp;J&#252;rgen Radomski</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dr. J&#252;rgen Radomski
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice-President and
Member of the Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Dr.&nbsp;Uriel J. Sharef</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dr. Uriel J. Sharef
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice-President and
Member of the Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Prof. Dr.&nbsp;Klaus Wucherer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Prof. Dr.&nbsp;Klaus Wucherer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice-President and
Member of the Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Prof. Dr.&nbsp;Erich R. Reinhardt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Prof. Dr.&nbsp;Erich R. Reinhardt
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice-President and
Member of the Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ Prof. Dr.&nbsp;Claus Weyrich</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Prof. Dr.&nbsp;Claus Weyrich
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice-President and
Member of the Managing Board</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt; border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">/s/ E. Robert Lupone</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: E. Robert Lupone<BR>
Siemens Corporation, <BR>
153 East 53<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> St., New York, NY
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice-President, General Counsel and Secretary &#150;
Authorized Representative in
the United States</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">II-6
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the trustees (or other persons who
administer the employee benefit plan) have duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New
York, on February&nbsp;28, 2006.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="63%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">SIEMENS SAVINGS PLAN</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ George Nolen</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: George Nolen</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: President, Siemens Corporation</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the trustees (or other persons who
administer the employee benefit plan) have duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New
York, on February&nbsp;28, 2006.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="63%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">SIEMENS SAVINGS PLAN FOR UNION EMPLOYEES</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ George Nolen</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: George Nolen</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: President, Siemens Corporation</TD>
</TR>
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</DIV>





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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">INDEX TO EXHIBITS
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2001 Siemens Stock Option Plan (incorporated by reference from
Exhibit&nbsp;4.1 to Registration Statement on Form S-8 (333-81126) filed
with the Commission on January&nbsp;18, 2002)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">4.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Siemens Savings Plan</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">4.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Siemens Savings Plan for Union Employees</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">4.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>English translation of Articles of Association of Siemens
Aktiengesellschaft updated as of October&nbsp;2005 (incorporated by
reference from Exhibit&nbsp;1.1 to the 2005 Form 20-F)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">4.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Deposit Agreement dated as of March&nbsp;1, 2001 (as amended from time to
time) among the Siemens Aktiengesellschaft, the JPMorgan Chase Bank,
N.A. and all Holders and Beneficial Owners from time to time of
American Depositary Receipts issued thereunder (incorporated by
reference from Exhibit to Registration Statement No.&nbsp;333-13208)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Opinion of Dr.&nbsp;Paul Hobeck</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">23.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft
Wirtschaftspr&#252;fungsgesellschaft, independent auditors</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">23.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of KPMG LLP, independent auditors</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">23.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Dr.&nbsp;Paul Hobeck (included in Exhibit&nbsp;5.1)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">24</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Power of Attorney (included in signature pages)</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

</BODY>
</HTML>
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sv8
Table of Contents
As filed with the Securities and Exchange Commission on February 28, 2006
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Siemens Aktiengesellschaft
(Exact Name of Registrant as Specified in Its Charter)
Federal Republic of Germany
Not Applicable
(State or Other Jurisdiction of Incorporation or Organization)
(I.R.S. Employer Identification or Organization)
Wittelsbacherplatz 2
D-80333 Munich, Germany
(Address of Principal Executive Offices)
2001 Siemens Stock Option Plan
Siemens Savings Plan
Siemens Savings Plan for Union Employees
(Full Title of Plans)
Siemens Corporation
153 East 53
rd
Street
New York, New York
1 212 258 4000
(Name, Address and Telephone Number of agent for service)
Copies to
:
Mary E. Alcock, Esq.
Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, NY 10006
Telephone: 1 212 225 2000
Fax: 1 212 225 3999
CALCULATION OF REGISTRATION FEE
Amount To
Proposed
Be
Maximum
Proposed Maximum
Name
Title of Securities
Registered
Offering Price
Aggregate Offering
Amount of Registration
of Plan
To Be Registered(1)
(2)
Per Share
Price
Fee
2001 Siemens Stock
Option Plan
Ordinary Shares of
Siemens
Aktiengesellschaft,
no par value
485,500
Shares
$87.20
(3)
$
42,337,603
(3)
$
4,531
(3)
2001 Siemens Stock
Option Plan
Ordinary Shares of
Siemens
Aktiengesellschaft,
no par value
312,795 Shares
$86.36
(3)
$
27,012,623
(3)
$
2,891
(3)
2001 Siemens Stock
Option Plan
Ordinary Shares of
Siemens
Aktiengesellschaft,
no par value
263,750
Shares
$88.80
(3)
$
23,420,841
(3)
$
2,507
(3)
2001 Siemens Stock
Option Plan
Ordinary Shares of
Siemens
Aktiengesellschaft,
no par value
937,955
Shares
$91.44
(4)
$
85,768,768
(4)
$
9,178
(4)
Siemens Savings Plan
Ordinary Shares of
Siemens
Aktiengesellschaft,
no par value
6,000,000
Shares
$91.44
(4)
$
548,640,000
(4)
$
58,705
(4)
Siemens Savings
Plan for
Union
Employees
Ordinary Shares of
Siemens
Aktiengesellschaft,
no par value
660,000
Shares
$91.44
(4)
$
60,350,400
(4)
$
6,458
(4)
TOTAL
8,660,000 Shares
$
787,530,235
$
84,270
(1)
American Depositary Shares ("ADSs") evidenced by American Depositary Receipts ("ADRs")
issuable upon deposit of the Ordinary Shares have been registered under a separate
registration statement on Form F-6. Each ADS is issued in respect of one (1) Share.
(2)
The number of Ordinary Shares being registered also includes an indeterminate number of
Ordinary Shares that may be issuable as a result of stock splits, stock dividends or similar
anti-dilution adjustments of the outstanding Ordinary Shares in accordance with Rule 416 of
the Securities Act of 1933, as amended (the "Securities Act").
(3)
Calculated pursuant to Rule 457(h)(1) under the Securities Act based on the respective prices
at which outstanding options may be exercised. The exercise prices were expressed in Euros
and have been translated into U.S. dollars at an exchange rate of
$1.1905 to €1, the noon
buying rate in New York City in U.S. dollars for cable transfers in Euro as certified for
customs purposes by the Federal Reserve Bank of New York on February 22, 2006.
(4)
Estimated in accordance with Rule 457(h)(1) and Rule 457(c) under the Securities Act solely
for the purpose of computing the registration fee with respect to Ordinary Shares to be issued
upon exercise of options not yet granted and with respect to Ordinary Shares to be purchased
under the Siemens Savings Plan and the Siemens Savings Plan for Union Employees (together, the
"Savings Plans"), based on the average high and low price per Ordinary Share as reported by
the Frankfurt Stock Exchange on February 22, 2006 translated into U.S. dollars at an exchange
rate of $1.1905 to €1, the noon buying rate in New York City in U.S. dollars for cable
transfers in Euro as certified for customs purposes by the Federal Reserve Bank of New York on
February 22, 2006.
In addition, pursuant to Rule 416(c) under the Securities Act, this Registration Statement also
covers an indeterminate amount of interests to be offered and sold pursuant to the Savings Plans
(together with the 2001 Siemens Stock Option Plan, the "Plans").
TABLE OF CONTENTS
PART I
PART II
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
INDEX TO EXHIBITS
Exhibit 4.2
Exhibit 4.3
Exhibit 5.1
Exhibit 23.1
Exhibit 23.2
Table of Contents
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
EXPLANATORY NOTE
As permitted by Rule 428 under the Securities Act, this Registration Statement omits the
information specified in Part I of Form S-8. Siemens
Aktiengesellschaft (the "Registrant," "we" or
"us") will deliver the documents containing the information specified in Part I to the participants
in the Plans covered by this Registration Statement as required by Rule 428(b). We are not filing
these documents with the Securities and Exchange Commission (the "Commission") as part of this
Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the
Securities Act.
I-1
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
We incorporate by reference into this Registration Statement the following documents, to the
extent not superseded by documents or reports subsequently filed or furnished:
(a) Our Annual Report on Form 20-F for the fiscal year ended September 30, 2005 filed with
the Commission on December 7, 2005 (the "2005 Form 20-F") pursuant to the Securities Exchange Act
of 1934, as amended (the "Exchange Act").
Our consolidated financial statements as of September 30, 2005 and 2004, and for each of the
years in the three-year period ended September 30, 2005, and management's assessment of the
effectiveness of internal control over financial reporting as of September 30, 2005, appearing in
the Annual Report on Form 20-F for the fiscal year ended September 30, 2005 have been incorporated
by reference in this Registration Statement in reliance upon the report of KPMG Deutsche
Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, an independent registered
public accounting firm ("KPMG"), appearing in such Annual Report on Form 20-F, and upon the
authority of said firm as experts in accounting and auditing.
KPMG's report dated November 23, 2005 contains an explanatory paragraph that states:
Management's assessment of the effectiveness of Siemens' internal control over financial reporting
as of September 30, 2005 excludes, in accordance with applicable guidance provided by the
Commission, various acquisitions completed in fiscal 2005. For further information on significant
acquisitions excluded see "Notes to Consolidated Financial Statements, Note 3 aa)." Total assets
and revenues of these acquisitions constituted less than 9% and 3%, respectively, of the related
Consolidated Financial Statement line item as of and for the year ended September 30, 2005. Our
audit of internal control over financial reporting of Siemens AG also excluded an evaluation of the
internal control over financial reporting of these 2005 acquisitions described in Note 3 aa) to the
consolidated financial statements.
KPMG's report on the consolidated financial statements also refers to a change in the method
of accounting for asset retirement obligations effective October 1, 2002.
(b) Siemens Savings Plan's Annual Report on Form 11-K for the fiscal year ended December 31,
2004, filed with the Commission on June 29, 2005 pursuant to the Exchange Act.
(c) Siemens Savings Plan for Union Employees' Annual Report on Form 11-K for the fiscal year
ended December 31, 2004, filed with the Commission on June 29, 2005 pursuant to the Exchange Act.
(d) The description of the Ordinary Shares contained under the heading "Item 10: Additional
Information –Capital Stock" in our Registration Statement on Form 20-F/A, filed with the Commission
on March 14, 2001, and in "Item 10: Additional Information – Rights, Preferences and Restrictions
Attaching To Our Shares" in the 2005 Form 20-F.
(e) All other reports filed by us pursuant to Section 13(a) or 15(d) of the Exchange Act
since the fiscal year ended September 30, 2005 or by the Savings Plans since the fiscal year ended
December 31, 2004.
All documents subsequently filed by us (with respect to any Form 6-K, only to the extent
designated therein) and the Savings Plans pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement that
indicates that all securities offered hereby have been
II-1
Table of Contents
sold or that deregisters all securities remaining unsold, shall be deemed to be incorporated
by reference in this Registration Statement and to be part hereof from the date of filing of such
documents.
To the extent that KPMG audits and reports on our consolidated financial statements and
management's assessment of the effectiveness of internal control over financial reporting issued at
future dates, and consents to the use of its report thereon, the audited consolidated financial
statements and management's assessment of the effectiveness of internal control over financial
reporting appearing in such Forms 20-F will be incorporated by reference in this Registration
Statement in reliance upon its reports and said authority.
Any statement contained in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document that also
is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such
statement so modified or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
The validity of the Ordinary Shares to be issued under the Plans will be passed upon
for us by Dr. Paul Hobeck, our General Counsel. Dr. Hobeck is a full time employee of the
Registrant and may be eligible to participate in the Plans and receive Ordinary Shares thereunder.
Dr. Hobeck currently beneficially owns less than 0.001% of our outstanding Ordinary Shares.
Item 6. Indemnification of Directors and Officers
Under German law, a corporation may indemnify its officers, and, under certain circumstances,
German labor law requires a stock corporation to do so. However, a corporation may not, as a
general matter, indemnify members of the management board or the supervisory board. A German stock
corporation may, however, purchase directors' and officers' insurance. The insurance may be subject
to any mandatory restrictions imposed by German law. In addition, German law may permit a
corporation to indemnify a member of the management board or the supervisory board for attorneys'
fees incurred if such member is the successful party in a suit in a country, like the United
States, where winning parties are required to bear their own costs, if German law would have
required the losing party to pay the member's attorneys' fees had the suit been brought in Germany.
The members of the governing bodies of the Registrant and all board members of its domestic
and foreign subsidiaries are indemnified by the Registrant or its subsidiaries against third-party
liability claims to the extent permitted by law. For this purpose, the Registrant provides a group
insurance policy for board and committee members and employees of the Siemens organization which is
taken out for one year and renewed annually. The insurance covers the personal liability of the
insured in the case of a financial loss associated with employment functions. In such a case, the
Registrant may, with effect from October 1, 2005, hold members of the Managing Board liable for
such loss up to an amount equivalent to 20 percent of the fixed salary. In the same way, each
member of the Supervisory Board has individually agreed to be held liable up to an amount
equivalent to 20 percent of their fixed compensation component (i.e., a deductible within the
meaning of Section 3.8 paragraph 2 of the German Corporate Governance Code).
Item 7. Exemption from Registration Claimed
Not applicable.
II-2
Table of Contents
Item 8. Exhibits
Exhibit No.
Description
4.1
2001 Siemens Stock Option Plan (incorporated by reference from
Exhibit 4.1 to Registration Statement on Form S-8 (333-81126)
filed with the Commission on January 18, 2002)
4.2
Siemens Savings Plan
4.3
Siemens Savings Plan for Union Employees
4.4
English translation of Articles of Association of Siemens
Aktiengesellschaft updated as of October 2005 (incorporated by
reference from Exhibit 1.1 to the 2005 Form 20-F)
4.5
Deposit Agreement dated as of March 1, 2001 (as amended from
time to time) among the Siemens Aktiengesellschaft, the
JPMorgan Chase Bank, N.A. and all Holders and Beneficial
Owners from time to time of American Depositary Receipts
issued thereunder (incorporated by reference from Exhibit to
Registration Statement No. 333-13208)
5.1
Opinion of Dr. Paul Hobeck
23.1
Consent of KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft Wirtschaftsprüfungsgesellschaft,
independent auditors
23.2
Consent of KPMG LLP, independent auditors
23.3
Consent of Dr. Paul Hobeck (included in Exhibit 5.1)
24
Power of Attorney (included in signature pages)
Pursuant to Item 8(b) of Part II of Form S-8, the undersigned Registrant hereby undertakes that it
has, both in the past and currently, submitted the Savings Plans to the Internal Revenue Service
(the "IRS") in a timely manner and it has in the past, and will currently, make all changes
required by the IRS in order to qualify the Savings Plans.
Item 9. Undertakings
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) to reflect in the prospectus any facts or events arising after the effective date of the
Registration Statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the Registration
Statement;
(iii) to include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such information in
the Registration Statement.
Provided, however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or 15(d)
of the Exchange Act that are incorporated by reference in the Registration Statement.
II-3
Table of Contents
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof; and
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b) The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be
governed by the final adjudication of such issue.
II-4
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Munich on February 28, 2006.
Siemens Aktiengesellschaft
By:
/s/ Dr. Klaus Kleinfeld
Name:
Dr. Klaus Kleinfeld
Title:
President, Chief Executive Officer and
Chairman of the Managing Board
By:
/s/ Heinz-Joachim Neubürger
Name:
Heinz-Joachim Neubürger
Title:
Executive Vice-President, Chief Financial Officer
and Member of the Managing Board
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities indicated on February 28, 2006. In addition,
each undersigned hereby constitutes and appoints Dr. Klaus Kleinfeld and Heinz-Joachim Neubürger,
jointly and severally, his attorneys in fact, each with power of substitution, in his name and in
the capacity indicated below, to sign any and all further amendments (including post-effective
amendments) to the Registration Statement and to file the same, with exhibits thereto and other
documents on connection therewith, with the Commission, hereby ratifying and confirming all that
each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by
virtue hereof.
Signature
Title
/s/ Dr. Klaus Kleinfeld
Dr. Klaus Kleinfeld
President, Chief Executive
Officer and Chairman of the
Managing Board
/s/ Heinz-Joachim Neubürger
Heinz-Joachim Neubürger
Executive Vice-President, Chief
Financial Officer and Member of
the Managing Board
/s/ Johannes Feldmayer
Johannes Feldmayer
Executive Vice-President and
Member of the Managing Board
/s/ Dr. Thomas Ganswindt
Dr. Thomas Ganswindt
Executive Vice-President and
Member of the Managing Board
II-5
Table of Contents
Signature
Title
/s/ Prof. Dr. Edward G. Krubasik
Prof. Dr. Edward G. Krubasik
Executive Vice-President and
Member of the Managing Board
/s/ Rudi Lamprecht
Rudi Lamprecht
Executive Vice-President and
Member of the Managing Board
/s/ Dr. Jürgen Radomski
Dr. Jürgen Radomski
Executive Vice-President and
Member of the Managing Board
/s/ Dr. Uriel J. Sharef
Dr. Uriel J. Sharef
Executive Vice-President and
Member of the Managing Board
/s/ Prof. Dr. Klaus Wucherer
Prof. Dr. Klaus Wucherer
Executive Vice-President and
Member of the Managing Board
/s/ Prof. Dr. Erich R. Reinhardt
Prof. Dr. Erich R. Reinhardt
Senior Vice-President and
Member of the Managing Board
/s/ Prof. Dr. Claus Weyrich
Prof. Dr. Claus Weyrich
Senior Vice-President and
Member of the Managing Board
/s/ E. Robert Lupone
By: E. Robert Lupone
Siemens Corporation,
153 East 53
rd
St., New York, NY
Senior Vice-President, General Counsel and Secretary –
Authorized Representative in
the United States
II-6
Table of Contents
Pursuant to the requirements of the Securities Act, the trustees (or other persons who
administer the employee benefit plan) have duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New
York, on February 28, 2006.
SIEMENS SAVINGS PLAN
By:
/s/ George Nolen
Name: George Nolen
Title: President, Siemens Corporation
Pursuant to the requirements of the Securities Act, the trustees (or other persons who
administer the employee benefit plan) have duly caused this Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New
York, on February 28, 2006.
SIEMENS SAVINGS PLAN FOR UNION EMPLOYEES
By:
/s/ George Nolen
Name: George Nolen
Title: President, Siemens Corporation
II-7
Table of Contents
INDEX TO EXHIBITS
4.1
2001 Siemens Stock Option Plan (incorporated by reference from
Exhibit 4.1 to Registration Statement on Form S-8 (333-81126) filed
with the Commission on January 18, 2002)
4.2
Siemens Savings Plan
4.3
Siemens Savings Plan for Union Employees
4.4
English translation of Articles of Association of Siemens
Aktiengesellschaft updated as of October 2005 (incorporated by
reference from Exhibit 1.1 to the 2005 Form 20-F)
4.5
Deposit Agreement dated as of March 1, 2001 (as amended from time to
time) among the Siemens Aktiengesellschaft, the JPMorgan Chase Bank,
N.A. and all Holders and Beneficial Owners from time to time of
American Depositary Receipts issued thereunder (incorporated by
reference from Exhibit to Registration Statement No. 333-13208)
5.1
Opinion of Dr. Paul Hobeck
23.1
Consent of KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft, independent auditors
23.2
Consent of KPMG LLP, independent auditors
23.3
Consent of Dr. Paul Hobeck (included in Exhibit 5.1)
24
Power of Attorney (included in signature pages)