DGAP-Stimmrechtsanteile: Volkswagen AG Vz. (VW AG)

DGAP-PVR: Volkswagen AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

VOLKSWAGEN AG

03.06.2016 13:44

Dissemination of a Voting Rights Announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------

Notification of Major Holdings

1. Details of issuer

VOLKSWAGEN AG Berliner Ring 2 38440 Wolfsburg Germany

2. Reason for notification

Acquisition/disposal of shares with voting rights X Acquisition/disposal of instruments Change of breakdown of voting rights Other reason:

3. Details of person subject to the notification obligation

Name: City and country of registered office: Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

Porsche Automobil Holding SE

5. Date on which threshold was crossed or reached

01 Jun 2016

6. Total positions

% of voting % of voting rights total of total number rights attached through instruments both in % of voting to shares (total (total of 7.b.1 + (7.a. + rights of of 7.a.) 7.b.2) 7.b.) issuer Result- 52.22 % 52.22 % 52.22 % 295089818 ing situat- ion Previo- 50.73 % n/a % 0.00 % / us notifi- cation

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec.s 21, 22 WpHG)

ISIN absolute in % direct (Sec. indirect (Sec. direct (Sec. indirect 21 WpHG) 22 WpHG) 21 WpHG) (Sec. 22 WpHG) DE0007664005 0 154093681 0 % 52.22 % Total 154093681 52.22 %

b.1. Instruments according to Sec. 25 para. 1 No. 1 WpHG

Type of Expiration or Exercise or Voting Voting instrument maturity date conversion rights rights in period absolute % % Total %

b.2. Instruments according to Sec. 25 para. 1 No. 2 WpHG

Type of Expiration Exercise or Cash or Voting Voting instrumen- or maturity conversion physical rights rights t date period settlement absolute in % Contribut- n/a n/a Physical 154093681 52.22 % ion Agreement Total 154093681 52.22 %

8. Information in relation to the person subject to the notification obligation

Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.). X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting % of voting Total of rights (if rights through both (if at least instruments (if at least held 3% or at least held 5% held 5% or more) or more) more) Dr. Dr. Christian Porsche, % % % Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche Familie WP Holding GmbH % 52.22 % 52.22 % Dr. Dr. Christian Porsche, % % % Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche Dr. Wolfgang Porsche Holding % % % GmbH Ferdinand Alexander Porsche % % % GmbH Familie Porsche Beteiligung % % % GmbH Porsche Automobil Holding SE 52.22 % % 52.22 % Dr. Dr. Christian Porsche, % % % Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche Ferdinand Porsche % % % Familien-Privatstiftung Ferdinand Porsche % % % FamilienHolding GmbH Ferdinand Alexander Porsche % % % GmbH Familie Porsche Beteiligung % % % GmbH Porsche Automobil Holding SE 52.22 % % 52.22 %

9. In case of proxy voting according to Sec. 22 para. 3 WpHG

Date of general meeting: Holding position after general meeting: % (equals voting rights)

03.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: VOLKSWAGEN AG Berliner Ring 2 38440 Wolfsburg Germany Internet: www.volkswagenag.com/ir End of Announcement DGAP News-Service ---------------------------------------------------------------------------