Investor Presentaiton

VOLKSWAGEN GROUP CHINA Euro decreased significantly vs. Chinese Renminbi over the last decade but is increasing year-to-date 12 EUR/CNY long-term development CNY decreased 6% on average YTD vs. EUR 7.60 11 10 6 8 7 37% +5% -7% -10% 7.00 6.40 6 Q1 Q2 Q3 Q4 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 -2015 -2016 Volkswagen Group China - Balancing the "New Normal" Financials Investments Financial Services 35 35

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