Erlangen, January 20, 2005

Consortium of B. Grimm / Siemens / Sino Thai wins orders for airport link in Bangkok – Project worth about 518 million euro Siemens’ Transportation Systems division together with consortium partners B. Grimm and Sino Thai Engineering and Construction Plc. (STECON) today signed a 518 million euro contract with State Railway of Thailand for the construction of the 28 km Suvarnabhumi Airport Rail Link and the City Air Terminal.

Under the terms of the contract, the consortium leader B. Grimm International Ltd. and B. Grimm MBM Hong Kong Ltd. will be responsible for the entire project management while STECON will be responsible for the civil infrastructure. Siemens and B. Grimm take responsibility for the design, supply, installation and project manage­ment of the whole electrical and mechanical system including trackwork, rolling stock, signaling system, power supply, communication systems, automatic fare collection, tunnel equipment, depot and workshop equipment, check-in facilities as well as baggage handling system. The contract value for Siemens part is approx. 11.1 billion Baht.

This contract awarded to Siemens again confirms its leading position in providing world class airport rail solutions. Successful airport reference projects are Heathrow-Express in London, Great Britain and the KLIA Express Rail Link in Kuala Lumpur, Malaysia.