Corporate Governance Statement Corporate Governance Statement pursuant to Sections 289 f and 315 d of the German Commercial Code In this Statement, the Managing Board and the Super­ As of February 10, 2023, the date of its last Declaration visory Board report as of November 9, 2023, on corporate of Conformity, Siemens AG complied with all the governance at the Company in fiscal 2023 (October 1, recommendations of the Code. 2022, to September 30, 2023) pursuant to Sections 289f and 315d of the German Commercial Code (Handels- Berlin and Munich, October 1, 2023 gesetzbuch, HGB) and as prescribed in Principle 23 of the German Corporate Governance Code (“Code”). Further Siemens Aktiengesellschaft information regarding corporate governance – for exam­ The Managing Board The Supervisory Board ” ple, the Bylaws for the Managing Board, the Bylaws for The current Declaration of Conformity and the Declara the Supervisory Board, the bylaws for the Supervisory ­ Board committees and the Corporate Governance State­ tions of Conformity of the previous five years are avail­ ments of the previous fiscal years – is also available able on the Siemens Global Website at WWW.SIEMENS. on the Siemens Global Website at WWW.SIEMENS.COM/ COM/DECLARATIONOFCONFORMITY. CORPORATE-GOVERNANCE. 2. Compensation Report / 1. Declaration of Conformity Compensation system with the German Corporate Governance Code The Compensation Report and the Independent Auditor’s Report in accordance with Section 162 of the German The Managing Board and the Supervisory Board of Stock Corporation Act, the compensation system for the Siemens AG approved the following Declaration of Managing Board members pursuant to Section 87 a Conformity pursuant to Section 161 of the German Stock para. 1 and para. 2 sent. 1 of the German Stock Corpora­ Corporation Act (Aktiengesetz, AktG) as of October 1, tion Act and the decision of the Annual Shareholders’ 2023: Meeting pursuant to Section 113 para. 3 of the German Stock Corporation Act regarding the compensation of “ Declar ation of Conformity by the Managing Board and the Supervisory Board members are published on the Supervisory Board of Siemens Aktiengesell schaft the Siemens Global Website at WWW.SIEMENS.COM/ with the German Corporate Governance Code pursu­ CORPORATE-GOVERNANCE. ant to Section 161 of the German Stock Corpor ation Act 3. Information on corporate Siemens AG complies, and will continue to comply, governance practices with all the recommendations of the Government Commission on the German Corporate Governance Suggestions of the Code Code in the version of April 28, 2022 (“Code”), pub­ Siemens AG voluntarily complies with the Code’s sugges­ lished by the Federal Ministry of Justice in the official tions, with only the following exception: section of the Federal Gazette ( Bundesanzeiger). According to the suggestion in A.8 of the Code, in the case of a takeover event, the Managing Board should convene an Extraordinary General Meeting at which shareholders will discuss the takeover offer and may 2