Fujitsu to Acquire Siemens's Stake in Fujitsu

Tokyo and Munich, November 4, 2008 - FujitsuLimited and Siemens AG announced today thatFujitsu will acquire Siemens's 50% share intheir joint venture Fujitsu Siemens Computers(Holding) B.V., effective April 1, 2009subject to the approval of relevant governmentagencies.

Fujitsu Siemens Computers was established onOctober 1, 1999 as a 50-50 joint venture basedin Maarssen, The Netherlands. In just a decade,the company has established a leading positionin the EMEA market for IT infrastructure,earning a reputation for quality and innovationin the server, PC, and data storage fields.Responding to the needs of its customers,Fujitsu Siemens Computers has also rapidlyexpanded its infrastructure services businessto deliver a full range of innovative ITsolutions.

"Fully integrating Fujitsu Siemens Computersinto the Fujitsu Group fits perfectly into ourglobal growth strategy," said Kuniaki Nozoe,president of Fujitsu. "We're inheriting astrong customer base in EMEA and an R&Dcapability that can support our global productsdevelopment--not to mention a tremendouslytalented group of employees who share ourvalues and commitment to grow with ourcustomers as their trusted business partner."

"We continue to focus our Company on thestrategic sectors Energy, Industry andHealthcare. We are happy that our joint-venturepartner Fujitsu will acquire our stake inFujitsu Siemens Computers and will take thecompany to its next level of success," addedJoe Kaeser, Siemens's chief financial officer.

Under the share purchase agreement signedbetween the companies, Fujitsu will acquireSiemens's stake for approximately 450 millioneuros. The companies plan to close thetransaction on April 1, 2009 after approvalfrom relevant government agencies. FujitsuSiemens Computers will continue to operate asa joint venture until the transaction iscompleted.

Fujitsu and Siemens also announced that theCEO and president of Fujitsu Siemens Computers,Bernd Bischoff, has resigned for personalreasons. Kai Flore, chief financial officer ofFujitsu Siemens Computers, has been appointedthe new CEO and president of the company.

Over the years, Fujitsu and Siemens havedeveloped a mutually beneficial partnershipencompassing technology sharing and othercollaborative business activities in theinformation communications field. The companiesintend to continue collaborating in variousfields of technology in the future.