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VOLKSWAGEN GROUP CHINA Another solid operating result for the Volkswagen Group in China 2014 2015 Deliveries to customers ('000 units) 3,675 3,549 Production (100%)* *SAIC-VW Group / FAW-VW Group ('000 units) 3,528 3,420 Proportionate Operating Profit (€ million) 5,182 5,214 € 2.774 m H1 2015 H1 2016 1,743 1,862 1,817 1,846 2,744 2,366 Proportionate operating profit development H1 2016 vs 2015 • € - 408 m + Volume increase Material cost improvements Improved efficiency with specific programs Mix effect (eg. Passat ramp-up) Major impact due to lower pricing Negative currency effect H1 2015 Volkswagen Group China - Balancing the "New Normal" Financials Investments € 2.366 m H1 2016 Financial Services 34

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