DGAP-Adhoc: VOLKSWAGEN AG: Volkswagen AG has issued the

VOLKSWAGEN AG  / Key word(s): Profit Warning

22.09.2015 11:39

Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, 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 AG has issued the following information:

Volkswagen is working at full speed to clarify irregularities concerning a
particular software used in diesel engines. New vehicles from the
Volkswagen Group with EU 6 diesel engines currently available in the
European Union comply with legal requirements and environmental standards.
The software in question does not affect handling, consumption or
emissions. This gives clarity to customers and dealers.

Further internal investigations conducted to date have established that the
relevant engine management software is also installed in other Volkswagen
Group vehicles with diesel engines. For the majority of these engines the
software does not have any effect.

Discrepancies relate to vehicles with Type EA 189 engines, involving some
eleven million vehicles worldwide. A noticeable deviation between bench
test results and actual road use was established solely for this type of
engine. Volkswagen is working intensely to eliminate these deviations
through technical measures. The company is therefore in contact with the
relevant authorities and the German Federal Motor Transport Authority (KBA
- Kraftfahrtbundesamt).

To cover the necessary service measures and other efforts to win back the
trust of our customers, Volkswagen plans to set aside a provision of some
6.5 billion EUR recognized in the profit and loss statement in the third
quarter of the current fiscal year. Due to the ongoing investigations the
amounts estimated may be subject to revaluation.
Earnings targets for the Group for 2015 will be adjusted accordingly.

Volkswagen does not tolerate any kind of violation of laws whatsoever. It
is and remains the top priority of the Board of Management to win back lost
trust and to avert damage to our customers. The Group will inform the
public on the further progress of the investigations constantly and
transparently.


22.09.2015 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
Phone:        +49 (0)5361 9 - 49840
Fax:          +49 (0)5361 9 - 30411
E-mail:       andreas.buchta@volkswagen.de
Internet:     www.volkswagenag.com/ir
ISIN:         DE0007664039, DE0007664005
WKN:          766403, 766400
Indices:      DAX, Euro Stoxx 50
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
              Standard), Hamburg, Hanover, Munich, Stuttgart; TerminbÃ¶rse
              EUREX; Luxemburg, SIX
 
End of Announcement                             DGAP News-Service
 
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DGAP-Adhoc: VOLKSWAGEN AG: Volkswagen AG has issued the following information
