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October 15, 2020

Varian Stockholders Approve Acquisition by Siemens Healthineers

October 15, 2020— Varian Medical Systems, Inc. announced that its stockholders have voted overwhelmingly to approve the pending combination with Siemens Healthineers AG at a special meeting. The final vote results will be filed in a Form 8-K with the United States Securities and Exchange Commission.

On August 2, 2020, the companies announced an agreement for Siemens Healthineers to acquire all shares of Varian for $177.50 per share in cash, corresponding to a purchase price of approximately $16.4 billion.

Varian advised that the company continues to work toward completing the transaction while remaining focused on supporting customers and their patients.

The transaction is expected to close in the first half of calendar year 2021, subject to other regulatory approvals and customary closing conditions.

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