NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

For immediate release

02 April 2024

Siemens AG ("Siemens")

Statement regarding Renishaw plc ("Renishaw" or the "Company")

Siemens notes the recent press speculation in relation to Renishaw. Siemens confirms that it does not intend to make an offer for Renishaw. Accordingly, Siemens, and any person acting in concert with it, is bound by the restrictions under Rule 2.8 of the Code.

For the purpose of Rule 2.8 of the Code, Siemens and any person acting in concert with it, reserve the right to announce an offer or possible offer for the Company or make or participate in an offer or possible offer for the Company (and / or take any other actions which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement in the following circumstances:

(i)         with the agreement or recommendation of the board of directors of the Company;

(ii)         following the announcement of a firm intention to make an offer for the Company by or on behalf of a third party;

(iii)       following the announcement by the Company of a "whitewash" proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover; and/or

(iv)       where the Panel on Takeovers and Mergers has determined that there has been a material change of circumstances.

Important notices

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote in any jurisdiction whether pursuant to this announcement or otherwise.

The release, publication or distribution of this announcement in whole or in part in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdictions.

Enquiries:

Siemens

Nikola Petrovic / Tobias Atzler                                                                                +49 89 7805 32474