Remuneration Report

Extensive explanations of the remuneration system and the individual remuneration of the members of the Board of Management and Supervisory Board can be found in the Remuneration Report of the combined management report, in the notes to Volkswagen’s consolidated financial statements, and on page 65 of the notes to the annual financial statements of Volkswagen AG.

The Corporate Governance Report according to number 3.10 of the Code in the version dated February 7, 2017 ends here.