Investor Presentaiton

VOLKSWAGEN FINANCIAL SERVICES THE KEY TO MOBILITY Risk Management Volkswagen Finance (China) Other Risks³) Market Price Risk²) Operational Risk¹) Credit Risk Portfolio Structure Corporate 8% Retail 92% 1) Based on Operational Risk Self-assessment result of 2014, which is the estimation of typical operation loss amount. 2) Simulation Result based on HQ's market price risk assessment, no influence for VWFC Balance Sheet. 3) Including Residual Value Risk, Liquidity Risk, Strategic Risk, Reputational Risk, Shareholder Risk + Issuer Risk, which are handled in HQ Risk Bearing Capacity. Investor Meeting | VW FS AG | April 2015 20 20

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