1. OSE Plan 2003-2004 Streamlining of Hazardous Waste storage, handling, transportation & disposal at all locations as per new legal requirement. (Oct.03 - March03) Risk Assessment of manufacturing processes of WMOT / Press Shop for identifying hazards & their control measures. (Dec 03 - Jan 04) Risk Assessment of manufacturing processes of WMOT / Machine Shop for identifying hazards & their control measures. (April 04-June 04) Risk Assessment of manufacturing processes of WMOT / Winding Shop for identifying hazards & their control measures. (July 04-August 04) Risk Assessment of manufacturing processes of WSGR / Press Shop for identifying hazards & their control measures. (Feb 04-March 04) Hazard identification in KW/Scrap Yard & Training of contract workers in Scrap Yard. (December 2003) Training Programme for Shift Incharges of WSGR / WMOT (Dec. 03, Jan. 04, April 04, May 04) SIEMENS CORP/OSE/nsk/03-04

2. OSE Plan 2003-2004 Feasibility study on: –Cooling of SGR roof by water sprinklers along with SGR/PE (November 2003) –Active noise reduction for Generators & Power Presses Programme on Legal Requirements for NW Officers. Review of SHE Policy, Policy Statement, Onsite Emergency Plan, Precepts on SHE. Annual Reporting to SAG through Siemens Environmental Information System on Environment Protection & Fire related information. (December 2003) Fire Audit of Keonics Office Bangalore (June 04) Fire Audit of Delhi Office (July 04) Renewal of Diesel Storage Licence (October - December 2003) Renewal of Air & Water Consent from Maharashtra Pollution Control Board (October - December 2003). Preparation of Environmental Legal Compliance Document for AW & Safety Audit (Nov. 2003 & Jan. 2004). SIEMENS CORP/OSE/nsk/03-04

3. OSE Plan 2003-2004 Pocket Safety Calendar (November - December 2003) National Safety Day Activities (December 03 to March 04) Safety Appreciation Programmes for Apprentices SIEMENS CORP/OSE/nsk/03-04

4. Perpetual Activity: for KW Monthly filing of Water Cess Returns to MPCB Inspection Rounds in KW Accident investigation Accident Statistics circulation on a monthly basis Information on Corporate Governance to be given to Mr. Pai on Quarterly basis. Monitoring of Safety Clearance Permits Internal Layout Approvals Liaison with statutory authorities Advise management on potential hazardous conditions SIEMENS CORP/OSE/nsk/03-04

5. Other Points For Discussion Safety related objectives should be included in all officers related to Manufacturing (e.g. of objectives: million man hours worked free of accidents, no. of inspections, benchmark accident figures, on the job safety training of employees) Policy for Shoes to be decided. SIEMENS CORP/OSE/nsk/03-04