Responsibility Statement

To the best of our knowledge, and in accordance with the applicable reporting principles, the consolidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the Group management report includes a fair review of the development and performance of the business and the position of the Group, together with a description of the material opportunities and risks associated with the expected development of the Group.

Wolfsburg, February 23, 2018

Volkswagen Aktiengesellschaft
The Board of Management

Andreas Renschler (handwriting)

Matthias Müller

Karlheinz Blessing (handwriting)

Karlheinz Blessing

Jochem Heizmann (handwriting)

Herbert Diess

Matthias Müller (handwriting)

Francisco Javier Garcia Sanz

Herbert Diess (handwriting)

Jochem Heizmann

Frank Witter (handwriting)

Andreas Renschler

Rupert Stadler (handwriting)

Rupert Stadler

Francisco Javier Garcia Sanz (Handschrift)

Hiltrud Dorothea Werner

Hiltrud Dorothea Werner (handwriting)

Frank Witter