Investor Presentaiton

VOLKSWAGEN GROUP CHINA Chinese economy - Declining growth rate towards new normalization China's economic growth Real GDP growth comparison Nominal GDP (in billion $) 14,000 14,505 12% 13,162 12,269 12,000 11,527 9.6% 10% 10,916 11,072 10,433 10,000 9,662 8,549 8,000 7,556 6,000 4,000 2,000 7.8% 7.8% 8% 7.3% 6.9% 6.6% 6.4% 6.4% 6.4% 6.2% 6% 3.7% 4% 2% 0.7% 0.6% 1.6% 1.5% 1.8% 1.7% 1.6% 1.5% 1.7% 0% 0 2011 2012 2013 2014 2015 2016e 2017e 2018e 2019e 2020e Source: IHS Source: IHS Volkswagen Group China - Introduction to China and Volkswagen Group China Chinese Market 2011 2012 2013 2014 2015 2016e 2017e 2018e 2019e 2020e Volkswagen Group in China Strategy and Future Development 6

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