DGAP-Ad-hoc: VOLKSWAGEN AG / Key word(s): Miscellaneous VOLKSWAGEN AG: Potential modification of the management structure of the Volkswagen Group and potential personnel changes in the Board of Management 10-Apr-2018 / 13:35 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Potential further development of the management structure of the Volkswagen Group and potential personnel changes in the Board of Management Volkswagen Aktiengesellschaft considers a further development of the management structure of the Group, which would also be associated with personnel changes in the Board of Management and with changes in the specific responsibilities of the Board of Management members. This could also include a change in the position of the chairman of the Board of Management. On the basis of these considerations, the Chairman of the Supervisory Board of Volkswagen Aktiengesellschaft is currently in discussions with certain members of the Supervisory Board and of the Board of Management. Mr. Matthias Müller showed his general willingness to contribute to the changes. It is currently open whether the considerations and discussions will lead to a further development of the management structure or to personnel changes in the Board of Management of Volkswagen Aktiengesellschaft. --------------------------------------------------------------------------- 10-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: VOLKSWAGEN AG Berliner Ring 2 38440 Wolfsburg Germany Phone: +49 (0)5361 9 - 49840 Fax: +49 (0)5361 9 - 30411 E-mail: [email protected] 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; Regulated Unofficial Market in Tradegate Exchange; Luxemburg, SIX End of Announcement DGAP News Service --------------------------------------------------------------------------- 672931 10-Apr-2018 CET/CEST