DGAP-PVR: VOLKSWAGEN AG: Release according to Article 26,

VOLKSWAGEN AG 

19.12.2014 17:01

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.
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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

The Dr. Wolfgang Porsche Holding GmbH, Salzburg, Austria (the 'notifying
party'), notified VOLKSWAGEN AKTIENGESELLSCHAFT, Wolfsburg, Germany, in
accordance with article 27a, section 1, sentence 1 of the WpHG of the
following on December 17, 2014 with reference to its notification of
changes in voting rights in accordance with article 21, section 1 of the
WpHG on December 17, 2014:

'The exceeding of the voting rights thresholds is due to the initial
attribution of voting rights (article 22, section 1 no. 1 of the WpHG) held
by a subsidiary of the notifying party 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 notifying party, nor is
    it designed to implement strategic objectives.

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

 c) The notifying party 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 notifying party does not 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 no. 1 of the WpHG). No equity funds or debt
funds were used to finance the acquisition of the voting rights.'

Wolfsburg, December 19, 2014

VOLKSWAGEN AKTIENGESELLSCHAFT
The Board of Management



19.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      VOLKSWAGEN AG
              Brieffach 1849
              38436 Wolfsburg
              Germany
Internet:     www.volkswagenag.com/ir
 
End of Announcement                             DGAP News-Service
 
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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
