Volkswagen AG — M&A Activity 2005

Sep 23, 2005

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Ad-hoc | 23 September 2005 10:28

Volkswagen AG: Supervisory Board approves review of options for gedas,Europcar

Ad hoc announcement §15 WpHG Strategische Unternehmensentscheidung Volkswagen AG: Supervisory Board approves review of options for gedas,Europcar Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Wolfsburg. At its meeting today (23 September 2005), the Supervisory Board of Volkswagen AG authorized the company’s Board of Management to review all options, ranging from strategic expansion to an initial public offering (IPO) or sale, with regard to the 100-percent subsidiaries gedas AG, Berlin, and Europcar International SA, Paris. This decision was taken in the context of the plans by the Group Board of Management to review all company activities. The decision has no effect on the 2005 profit outlook already issued by the Group Board of Management: the Board of Management continues to expect a year- on-year improvement in both operating profit after special items and profit before tax. VOLKSWAGEN AG Brieffach 1970 38436 Wolfsburg Deutschland ISIN: DE0007664005 (DAX) WKN: 766400 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; EUREX; Amsterdam, Antwerpen, Brüssel, London, Luxemburg, Paris, Schweizer Börse (Hauptsegment), Wien, Tokio, Madrid, Barcelona, Bilbao, Valencia und Mailand End of ad hoc announcement (c)DGAP 23.09.2005 231028 Sep 05