AdHocKennzeichnung The Executive Committee and Nomination Committee of the Supervisory Board of Volkswagen AG support the proposal to elect Mr Hans Dieter Pötsch Chairman of the Supervisory Board of Volkswagen AG

The shareholder representatives on the Supervisory Board of Porsche Automobil Holding SE intend to adopt a resolution in the supervisory board of their company endorsing the proposal that Mr Pötsch, currently Member of the Board of Management of Volkswagen AG responsible for Finance and Controlling , be elected to the Supervisory Board of Volkswagen AG during an Extraordinary General Meeting of that company in November this year.

The Executive Committee and Nomination Committee of the Supervisory Board of Volkswagen AG support this proposal. Mr Pötsch’s term of office on the Board of Management would end at the time of his election by the General Meeting to the Supervisory Board. After his election to the Supervisory Board, Mr Pötsch is to be elected Chairman of the Supervisory Board of Volkswagen AG.

The Executive Committee and Nomination Committee will propose that not only Mr Pötsch but also Dr. Louise Kiesling be elected to the Supervisory Board by the Extraordinary General Meeting. Dr. Louise Kiesling is currently a member of the Supervisory Board by virtue of a court appointment.

The Supervisory Board would decide on a successor for Mr Pötsch without delay.