Statement of the Executive Committee of the Supervisory Board of Volkswagen AG

The Executive Committee of the Supervisory Board of Volkswagen AG states that Prof. Dr. Martin Winterkorn is the best possible Chairman of the Board of Management for Volkswagen. The Executive Committee places great importance on the fact that Prof. Dr. Winterkorn will pursue his role as Chairman of the Board of Management with the same vigor and success as before, and that he has the full support of the Committee in doing so. The Executive Committee will now propose to the Supervisory Board to extend Prof. Dr. Winterkorn’s current contract in the Supervisory Board Meeting of February 2016.