Nuremberg, 2003.02.25

SIEMENS, CARGILL INK THREE-YEAR AGREEMENT FOR ELECTRICAL, INDUSTRIAL CONTROLS

Siemens becomes a select supplier to Cargill's North American plants ALPHARETTA, Ga., (Feb. 24, 2003) - Siemens Energy & Automation, Inc., today announced that it has entered into a select supplier agreement with Minneapolis-based Cargill, Incorporated, becoming a select provider of electrical and industrial control products and systems to Cargill's North American businesses.

Cargill is a diversified international marketer, processor and distributor of agricultural, food, financial and industrial products and services.

The agreement with Siemens is for three years with renewal provisions for six additional years. Siemens has had a similar agreement in place for Cargill's European operations for more than three years.

Siemens was chosen based on its ability to supply an entire range of products and systems, all optimized for integration in a plant-wide control system. They include motor control centers, NEMA and IEC motor controls, drives, PLCs, sensors, machine safety systems, HMI and process automation systems. Cargill also weighed issues related to reliability, total cost of ownership, performance, sales, service and E-commerce capability.

About Cargill
"Cargill, Incorporated ( http://www.cargill.com ) is an international marketer, processor and distributor of agricultural, food, financial and industrial products and services with 97,000 employees in 59 countries. The company provides distinctive customer solutions in supply chain management, food applications, and health and nutrition."

Note: Please forward all leads/inquiries to:

Siemens Energy & Automation, Inc.
Information Services
100 Technology Drive
Alpharetta, GA 30005
Or call (800) 964-4114 or seainfo@sea.siemens.com

Visit Siemens' home page at: http://www.sea.siemens.com

Siemens AG (NYSE: SI), headquartered in Munich, is a leading global electronics and engineering company. It employs 426,000 people in 192 countries and reported worldwide sales of more than $84 billion in fiscal 2002 (10/1/01 - 9/30/02). The United States is Siemens' largest market in the world, with sales of more than $21 billion in fiscal 2002 and more than 74,000 employees in all 50 states. Corporate headquarters for Siemens' U.S. businesses are located in New York City. For more information: www.usa.siemens.com

Siemens Energy & Automation, Inc., is one of Siemens' operating companies in the United States. Headquartered in Alpharetta, Ga., Siemens Energy & Automation manufactures and markets the world's broadest range of electrical and electronic products, systems and services to industrial and construction market customers. Its technologies range from circuit protection and energy management systems to process control, industrial software and totally integrated automation solutions. The company also has expertise in systems integration, technical services and turnkey industrial systems.