1. 6,00 0,00 8,00 9,825,461,087,64 page 21.01.2006 1 Business environment Moscow St.Petersburg Rostov-on-Don Samara Yekaterinburg Novosibirsk Khabarovsk Voronezh Kaluga Izhevsk Smolensk Archangelsk Petrozavodsk Krasnodar Volgograd Nizhny Novgorod Perm Kazan Almetjevsk Ufa Chelyabinsk Tuymen Omsk Tomsk Barnaul Irkutsk Krasnoyarsk Yakutsk Vladivostok BASIC FIGURES Area17,1 Mio km2 Population143,5 Mio GDP514,7 Mrd Euro* GDP growth6,0%* GDP p.c.3.567 Euro Valuta reserves168.4 Mrd USD Foreign trade balance+123 Mrd USD* Change rate (end 2005):1 Euro ~ 34,5 RUR * Estimation 2005 MOST IMPORTANT GROWTH SECTORS (2004 – acc. to official Russian categorization): Transportation & Communikation / Construction / Wholesale & retail / Financial services / Processing industries / Mining / Hotels & restaurants BUSINESS ENVIRONMENT Dynamic growth ↔ much depending on global oil market High accumulation of capital ↔ still low private investment readiness Government reserves & budget proficit Private credits risen to 1”5 USD in 2005 Economic reforms going on ↔ increasing Government involvement in business processes

2. 6,00 0,00 8,00 9,825,461,087,64 page 21.01.2006 2 Market environment Aggressive competition – local & global Strive for world-class modernization with readiness to pay for it Preferences for turn-key solutions out of one hand Financial solutions for projects an important aspect of success Trend towards outsourcing functions Increasing public engagement in modernization of infrastructure Requirement for localization in strategic projects High expectations for FDI, esp. in regions Restrictions for FDI in strategic segments Restrictive regulations on immigration and foreign labor force

3. 6,00 0,00 8,00 9,825,461,087,64 page 21.01.2006 3 Regional presence throughout RussiaLocalization Siemens One Gain best employees Corp. responsibility Russia Business Initiative: Go for Profit & Growth in Russia Our Vision Our Strategy Build strong Regional company Integrate Siemens in key industries Pos. 1 or 2 in all relevant markets Our Goals Leading & respected electronic & electroengineering Russian company