Corporate Governance and Declaration of conformity

The Supervisory Board meeting on November 21, 2014 addressed the application of the German Corporate Governance Code at the Volkswagen Group. We discussed in detail the version of the German Corporate Governance Code dated June 24, 2014, as published by the relevant government commission on September 30, 2014, and issued the annual declaration of conformity with the recommendations of the German Corporate Governance Code in accordance with section 161 of the AktG together with the Board of Management.

The joint declarations of conformity by the Board of Management and the Supervisory Board are permanently available on the Volkswagen AG website at www.volkswagenag.com/ir. Additional information on the implementation of the recommendations and suggestions of the German Corporate Governance Code can be found in the corporate governance report and in the notes to the consolidated financial statements.