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

07.07.2016 16:49

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. ---------------------------------------------------------------------------

VOLKSWAGEN AKTIENGESELLSCHAFT

Release according to Article 27a, Section 2 of the Wertpapierhandelsgesetz (WpHG - the German Securities Trading Act) with the Aim of a Europe-wide distribution

Release according to Article 27a, Section 2 of the WpHG Notification according to Article 27a, Section 1 of the WpHG

Familie WP Holding GmbH, Salzburg, Austria, notified VOLKSWAGEN AKTIENGESELLSCHAFT, Wolfsburg, Germany, on July 7, 2016 - with reference to the notification of changes in voting rights by Dr. Wolfgang Porsche, Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche und Felix Alexander Porsche on June 16, 2016 - in accordance with article 27a, section 1 of the WpHG of the following:

'The exceeding of the voting rights thresholds is due to the initial attribution of voting rights (article 22, section 1, sentence 1 no. 1 of the WpHG) held by a subsidiary of the notifier and not because of a purchase of shares.

1) Aims underlying the acquisition of the voting rights (Article 27a, Section 1, Sentence 3 of the WpHG)

a) The transaction underlying the attribution of the voting rights does not serve to generate a trading profit for the notifier, nor is it designed to implement strategic objectives.

b) The notifier does not currently plan to acquire further voting rights within the next twelve months by means of a purchase or by any other means.

c) The notifier does not currently intend to exert an influence on the appointment or removal of members of the issuer's administrative, managing and supervisory bodies.

d) The notifier does not currently intend to bring about a material change in the issuer's capital structure, in particular as regards the ratio between equity financing and debt financing, and the dividend policy.

2) Source of the funds used (Article 27a, Section 1, Sentence 4 of the WpHG)

The voting rights were acquired solely by way of the attribution of voting rights (article 22, section 1, sentence 1 no. 1 of the WpHG). No equity funds or debt funds were used to finance the acquisition of the voting rights.'

Wolfsburg, July 7, 2016

VOLKSWAGEN AKTIENGESELLSCHAFT The Board of Management



07.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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