Press Presse Prensa

Energy
Fossil Power Generation

For the trade press

Erlangen, Germany
June 11, 2008

Siemens hands over Bugok II combined cycle power plant in South Korea ahead of
schedule

Siemens Energy officially handed over the Bugok II combined cycle power plant to
the customer GS Electric Power and Services Co., Ltd (GS EPS ), Seoul. After a
construction period of only 26 months the plant with a capacity of 565 megawatts
(MW) was put on line about one month ahead of schedule in March 2008. Siemens
has signed a 20-year maintenance agreement with GS EPS for the Bugok I and II
plants.

In addition to turnkey construction of Bugok II Siemens also supplied key components

including two SGT6-4000F gas turbines, the steam turbine with condenser, three
generators, water/steam cycle components, the process engineering and I&C and the
DCS system SPPA-T3000.

Siemens had already supplied the Bugok I plant which has an installed capacity of 550
MW. The two units Bugok I and II are located in Danjin Province, approximately 100
kilometers south of Seoul. They were the first projects awarded to a foreign company by a
South Korean independent power producer. For its efficiency and environmental
friendliness Bugok II has already been given the number one ranking for combined cycle
power plants in South Korea by the Korean Ministry of Commerce, Industry and Energy.
Since commissioning the plant has been primarily operated in base-load duty.
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Siemens AG Reference Number: EFP200806.24 e
Corporate Communications and Press Office Energy
Government Affairs Gerda Gottschick
Media Relations P.O.Box 32 20, 91050 Erlangen, Germany
80200 Munich Phone: +49-9131 18-85753; Fax: -7039
E-mail: gerda.gottschick@siemens.com
Power demand in South Korea is increasing at an annual rate of approximately five to six
percent. In addition to Bugok I and II, Siemens has since 2002 also supplied the Incheon I
and Yulchon combined cycle plants. The Incheon II plant is currently under construction
and is scheduled to go on line in the summer of 2009. All five power plants, each rated at
approximately 550 MW, make a major contribution toward providing South Korea with an
efficient, eco-friendly supply of electrical energy.

Siemens also recently posted an order for the supply of four gas turbines, two steam
turbines and six generators for the POSCO Power combined cycle plant in Incheon, where
two new units with a combined capacity of 1000 MW will be added to the existing units one
to four.

The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and
solutions for the generation, transmission and distribution of power and for the extraction, conversion and
transport of oil and gas. In fiscal 2007 (ended September 30, based on IFRS), the Energy Sector had
revenues of approximately EUR20 billion and received new orders totaling around EUR28 billion and posted
a profit of EUR1.8 billion. The Energy Sector had a work force of 73,500 at the beginning of fiscal 2008.
Further information is available at: www.siemens.com/energy.

All figures represent the sum of the nonconsolidated figures for the Power Generation and Power
Transmission and Distribution Groups and for the Oil and Gas activities of the Industrial Solutions and
Services Group.

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Siemens AG Reference Number: EFP200806.24 e
Corporate Communications and Press Office Energy
Government Affairs Gerda Gottschick
Media Relations P.O.Box 32 20, 91050 Erlangen, Germany
80200 Munich Phone: +49-9131 18-85753; Fax: -7039
E-mail: gerda.gottschick@siemens.com