Investor Presentaiton

VOLKSWAGEN GROUP CHINA Less developed cities provide new opportunities Level I cities Level Il cities Beijing Shanghai Dalian Xi'an Guangzhou Changsha 135 136 Q cars/1,000 inhabitants Number of cities 9 26 Average # of inhabitants (m) 17.2 8.5 Level Ill cities Level IV cities Level V cities Shantou Hengshui Jingdezhen Guyuan Yaan Zigong Haibei Jinchang Turpan 94 Q cars/1,000 47 39 inhabitants 39 Number of cities 68 109 135 Average # of 4.9 4.0 1.7 inhabitants (m) Source: EIU (Economist intelligence unit) Volkswagen Group China - Introduction to China and Volkswagen Group China Chinese Market Level III, IV and V cities Level I and II cities Share of total market Level I share 44% 41% Level II share 40% 39% 38% 37% 2015 2016e 2017e 2018e 2019e 2020e Level III share Level V share | Level IV share 62% 63% 60% 61% 59% 56% 2015 2016e 2017e 2018e 2019e 2020e Volkswagen Group in China. Strategy and Future Development 9

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