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, Febuary 24, 2017

Volkswagen Aktiengesellschaft
The Board of Management

Matthias Müller (handwriting)

Matthias Müller

Karlheinz Blessing (handwriting)

Karlheinz Blessing

Herbert Diess (handwriting)

Herbert Diess

Francisco Javier Garcia Sanz (Handschrift)

Francisco Javier Garcia Sanz

Jochem Heizmann (handwriting)

Jochem Heizmann

Andreas Renschler (handwriting)

Andreas Renschler

Rupert Stadler (handwriting)

Rupert Stadler

Hiltrud Dorothea Werner (handwriting)

Hiltrud Dorothea Werner

Frank Witter (handwriting)

Frank Witter