Siemens Financial Services Targets Corporate Aircraft; Partnership with Aerius Aviation Capital Partners will meet growing need for aviation finance

Business Wire, March 29, 2005

ISELIN, N.J. -- Siemens Financial Services, Inc. (SFS), the U.S. financial services arm of Siemens AG, today announced that it is increasing its efforts to provide financing options for purchasers of corporate jets and turbine helicopters. As part of this effort, SFS will provide a wide array of financing choices in the corporate aircraft arena, including fixed and floating rate term loans, finance leases, operating leases, true tax leases, sale-leasebacks and tax-exempt leases.

"SFS is looking to establish a long-term presence in corporate aircraft finance, a market that will be an important driver of future growth and expansion for the company," said SFS President and CEO Bill Zadrozny. "Corporate aircraft finance allows us to continue meeting the needs of our customers by offering customized solutions, competitive rates, and personalized attention, as well as the ability to pursue large ticket, well collateralized investment opportunities with major corporations."

To support this business initiative, it was further announced that effective immediately, SFS and Aerius Aviation Capital Partners have established an exclusive arrangement that enables Aerius to offer financing provided by SFS. Aerius' specialized industry knowledge, coupled with the financial resources of SFS, will enable both companies to provide outstanding service and guidance to clients.

"Teaming with a world class financial organization such as Siemens Financial Services gives us instant recognition and credibility," said Aerius President John Contas. "More importantly, it gives us the ability to offer a range of competitive financing products to purchasers of corporate aircraft." In addition, Aerius will leverage its network of aviation industry specialists to assist customers with aircraft acquisitions, completions, modifications, and pre-purchase inspections, as well as with management and sales services.

"We are extremely excited about our relationship with Aerius and our ability to draw upon their team of experienced and highly respected industry experts in the field of aviation finance, leasing, and asset management," said Bill Zadrozny.

About Siemens Financial Services

With about 1,500 employees and an international network of financing companies coordinated by Siemens Financial Services GmbH, Munich, Siemens Financial Services offers a broad range of financial solutions. This covers services from sales and investment financing to treasury services, fund management and insurance brokerage. Key customers of our companies are internationally active industrial and services companies as well as public-sector operators. For further information about SFS see www.sfs.siemens.com.

Siemens Financial Services, Inc. is one of Siemens' operating companies in the United States. The people of Siemens Financial Services, Inc. build relationships to deliver customized commercial financing solutions. SFS is led by industry veterans who work to ensure quick, quality financing. With expertise in Asset-Based Lending, Equipment Financing, Commercial Trade Finance and Vendor Financing, each transaction is tailored to fit the specific borrowing needs of the client.

About Siemens

Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of $91.5 billion in fiscal 2004. Founded more than 150 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $16.6 billion and employs 70,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 430,000 people in 192 countries. For more information on Siemens in the United States: www.usa.siemens.com.

About Aerius Aviation Capital Partners

Aerius provides a range of financing options for operators of business jets and turbine helicopters seeking to acquire or re-finance aircraft or related equipment. Transactions range from $2mm to $100mm and are tailored to meet the specific pricing, tax, accounting and risk management needs of the customer.

For more information, visit www.aeriusacp.com.