Opening of Proposals - RFQ VPA Energy Savings Contract - Siemens - Part 2

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DISCLOSURE STATEMENT Siemens Industry, Inc., Building Technologies Division is firmly committed to high ethical standards and global trade compliance. Neither Siemens Industry, Inc., Building Technologies Division nor its direct parent, Siemens Corporation ("SC"), has been directly or indirectly involved in any contracts or business dealings with the Government of Iran, or sells products or services to Iran, except that Siemens Medical Solutions USA, Inc., a U.S. affiliate of Siemens Industry, Inc., Building Technologies Division and SC, has provided medical devices to Iran in furtherance of humanitarian activities pursuant to export licenses, and in accordance with the provisions of the Trade Sanctions Reform Act of 2000, both administered by the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC). OFAC regulations prohibit U.S. persons not only from engaging in most business activities in Iran, but also from "facilitating" any such business by foreign persons in which the U.S. person cannot engage. In implementing Siemens' global trade compliance program, which includes internal control programs, automated systems and procedures aimed to ensure full compliance with applicable export control and economic sanctions requirements, Siemens Industry, Inc., Building Technologies Division and SC adhere to compliance practices that generally preclude Siemens Industry, Inc., Building Technologies Division and its personnel from any knowledge of or involvement with activities of Siemens AG or any of Siemens AG's non-U.S. affiliates regarding Iran. The only exceptions, as noted above, are activities that are licensed or otherwise authorized under U.S. trade regulations, such as sales of medical devices.