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

DGAP-DD: VOLKSWAGEN AG english

Notification concerning transactions by persons performing managerial responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a service of EQS Group AG. The person with duty of notification is solely responsible for the content of this announcement. ---------------------------------------------------------------------------

Details of the person subject to the disclosure requirement Last name: Dr. Blessing First name: Karlheinz Company: Volkswagen Aktiengesellschaft

Position: Member of a managing body

Information about the transaction with duty of notification

Description of the financial instrument: Volkswagen AG - Preferred Shares ISIN/WKN of the financial instrument: DE0007664039 Type of transaction: Purchase Date: 15.02.2016 Price: 98.10 Currency: EUR No. of items: 100 Total amount traded: 9810.00 Place: XETRA

Information about the company with duty of publication

Issuer: VOLKSWAGEN AG Brieffach 1849 38436 Wolfsburg Germany ISIN: DE0007664039 WKN: 766403

End of Directors' Dealings Notification (c) DGAP 29.03.2016

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