Volkswagen to appoint Dr. Hessa al Jaber to the Supervisory Board

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• Dr. Hessa al Jaber to be nominated for election to the Supervisory Board at Annual
  General Meeting on June 22
• Appointment of serving Chairman of the Supervisory Board Hans Dieter Pötsch to the
  Supervisory Board to be confirmed

The Board of Management and Supervisory Board of Volkswagen AG are nominating Dr. Hessa al Jaber for election by shareholders to the Supervisory Board. Dr. Hessa al Jaber is to take office on the Supervisory Board on behalf of Qatar Investment Authority (QIA), succeeding Akber al Baker. The Supervisory Board wishes to thank Mr. al Baker for his close cooperation in a spirit of trust.

An engineer, Ms. al Jaber studied at the Kuwait University and George Washington University, and has served as Minister of Information and Communications Technology in Qatar since 2013. She will be the first woman to represent the State of Qatar on the Supervisory Board of an international group.

Following the election of Ms. al Jaber alongside Annika Falkengren, President and Chief Executive Officer of the Swedish SEB AB, and entrepreneur Dr. Louise Kiesling, three of the ten shareholder representatives’ offices on the Supervisory Board will be held by women. This would achieve the 30% gender quota in force in Germany since the start of this year.

Shareholders eligible to vote at the Annual General Meeting on June 22 are to officially confirm the appointment of Chairman of the Supervisory Board Hans Dieter Pötsch to the Supervisory Board following his appointment by the Braunschweig District Court in October 2015.