Investor Presentaiton

VOLKSWAGEN FINANCIAL SERVICES THE KEY TO MOBILITY ABS program - Driver China one • Program history: Established in 2014 Assets . Issuer type: Trust • Asset volume: RMB800 m • • Underlying asset class: Car loans Residual value risk: no Balloon loans: yes 100% 1.2% Well established global program TSI certification Investor Meeting | VW FS AG | April 2015 Liabilities Format: Listed and Rated Securities National Interbank Market Denomination: RMB 100 87.4% Pricing: Class A 4.80% fixed rate Class B 8.08% fixed rate . Rating agencies: 5.5% 6.6% 0.5% CCXI, Lianhe, China Rating, Fitch, Moody's Rating (sf): Class A: AAA/AAA/AA+ / Aa / Aa3 Class B: A+ / A+ / A / A- / Baa2 Reporting adheres to requirements for Five Star Fitch Grading Modelled on Intex 17

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