Volkswagen AG — Board/Management Information 2015

Sep 23, 2015

News Details

Ad-hoc | 23 September 2015 16:59

VOLKSWAGEN AG: Statement by Prof. Dr. Winterkorn

VOLKSWAGEN AG / Key word(s): Change of Personnel

23.09.2015 16:59

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Statement by Prof. Dr. Winterkorn

"I am shocked by the events of the past few days. Above all, I am stunned
that misconduct on such a scale was possible in the Volkswagen Group.

As CEO I accept responsibility for the irregularities that have been found
in diesel engines and have therefore requested the Supervisory Board to
agree on terminating my function as CEO of the Volkswagen Group. I am doing
this in the interests of the company even though I am not aware of any
wrongdoing on my part.

Volkswagen needs a fresh start - also in terms of personnel. I am clearing
the way for this fresh start with my resignation.

I have always been driven by my desire to serve this company, especially
our customers and employees. Volkswagen has been, is and will always be my
life.

The process of clarification and transparency must continue. This is the
only way to win back trust. I am convinced that the Volkswagen Group and
its team will overcome this grave crisis."

23.09.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: VOLKSWAGEN AG
Brieffach 1849
38436 Wolfsburg
Germany
Phone: +49 (0)5361 9 - 49840
Fax: +49 (0)5361 9 - 30411
E-mail: andreas.buchta@volkswagen.de
Internet: www.volkswagenag.com/ir
ISIN: DE0007664039, DE0007664005
WKN: 766403, 766400
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Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse
EUREX; Luxemburg, SIX

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