TOKYO and MUNICH -- Fujitsu Limited and Siemens Business Services, a 100 percent subsidiary of Siemens AG, today announced an agreement that will further enhance the two companies' strong regional presence in the field of IT services. The agreement will enable Fujitsu to offer its multinational Japanese customers enhanced coverage in global services in areas of Europe and North America where it does not operate directly. Siemens Business Services now will be able to improve its service for global customers by drawing on Fujitsu's resources in the Asia Pacific region.

The two companies have entered a non-exclusive, preferential agreement that covers a wide range of services, from consulting to systems integration, right through to the management and outsourcing of complex IT-infrastructures. The agreement will thus allow the firms to provide even stronger support in the regions of Asia Pacific and Europe and meet the expanding needs for IT-services of their multinational clients. The agreement will enable Fujitsu to offer its multinational Japanese customers enhanced coverage in global services in areas of Europe and North America where it does not operate directly. In this region Siemens Business Services will support Fujitsu's global customers - for example in such areas as infrastructure services. By the end of 2002 Siemens Business Services had already announced that it was looking for a vigorous partner in Asia Pacific - where Fujitsu's leadership is widely acknowledged. The Siemens group now will be able to enhance its service for global customers by drawing on Fujitsu's resources in the Asia Pacific region.

Fujitsu Limited's Corporate Senior Vice President Kazuo Murano commented, "We are excited about this new partnership with Siemens Business Services. It enables us to extend our services network to further support the globalization of our customers, thereby expanding our global services business."

Siemens Business Services is among the top ten IT-service providers worldwide and holds a strong number five position in Europe. "The agreement will considerably enhance our capability to care for our multi-national customers. Thus it is a major step in the strategic alignment of our global business" said Paul A. Stodden, Group President of Siemens Business Services. This agreement builds on the outstanding relationship between Fujitsu and Siemens and the success of the joint venture Fujitsu Siemens Computers. "Having collaborated with Fujitsu for years in many projects, we have built a trustworthy relationship with each other."

Fujitsu Ltd.

Siemens AG