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DGAP-Adhoc: Siemens Aktiengesellschaft: Siemens welcomes acquisition of Varian by Siemens Healthineers

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DGAP-Ad-hoc: Siemens Aktiengesellschaft / Key word(s): Mergers &
Siemens Aktiengesellschaft: Siemens welcomes acquisition of Varian by
Siemens Healthineers

02-Aug-2020 / 10:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Munich, August 2, 2020

*Disclosure of an inside information according to Article 17 MAR *

*Siemens welcomes acquisition of Varian by Siemens Healthineers*

Siemens AG is continuing to rigorously execute its Vision 2020+ strategy and
therefore expressly welcomes Siemens Healthineers AG's acquisition of a 100
percent stake in Varian Medical Systems, Inc. (NYSE: VAR), a U.S. company
active in the area of cancer research and therapy. The acquisition is
expected to close in the first half of calendar year 2021, subject to
approval by Varian shareholders, receipt of regulatory approvals and other
customary closing conditions. Payment of the purchase price of around $16.4
billion is to be enabled by mixed financing from the issuance of new Siemens
Healthineers shares and the issuance of bonds by Siemens. The proceeds from
the bonds are to be transferred within the Group to Siemens Healthineers
under customary market conditions. Due to the planned capital increase at
Siemens Healthineers AG, in which Siemens AG will not participate, Siemens
AG's stake in Siemens Healthineers AG will decline to about 72 percent from
85 percent.

This document contains statements related to our future business and
financial performance and future events or developments involving Siemens
that may constitute forward-looking statements. These statements may be
identified by words such as "expect," "look forward to," "anticipate"
"intend," "plan," "believe," "seek," "estimate," "will," "project" or words
of similar meaning. We may also make forward looking statements in other
reports, in prospectuses, in presentations, in material delivered to
shareholders and in press releases. In addition, our representatives may
from time to time make oral
forward-looking statements. Such statements are based on the current
expectations and certain assumptions of Siemens' management, of which many
are beyond Siemens' control. These are subject to a number of risks,
uncertainties and factors, including, but not limited to those described in
disclosures, in particular in the chapter Report on expected developments
and associated material opportunities and risks of the Annual Report and in
the Half-year Financial Report, which should be read in conjunction with the
Annual Report. Should one or more of these risks or uncertainties
materialize, events of force majeure, such as pandemics, occur or should
underlying expectations including future events occur at a later date or not
at all or assumptions prove incorrect, actual results, performance or
achievements of Siemens may (negatively or positively) vary materially from
those described explicitly or implicitly in the relevant forward-looking
statement. Siemens neither intends, nor assumes any obligation, to update or
revise these forward-looking statements in light of developments which
differ from those anticipated.

Sabine Reichel
Head of Siemens Investor Relations
Werner-von-Siemens-Str. 1
80333 Munich
+49 (0) 89-636-32474

02-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Siemens Aktiengesellschaft
Werner-von-Siemens-Str. 1
80333 München
Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-1332474
E-mail: investorrelations@siemens.com
Internet: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1107971

End of Announcement DGAP News Service

1107971 02-Aug-2020 CET/CEST

(END) Dow Jones Newswires

August 02, 2020 04:02 ET ( 08:02 GMT)

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