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Purchase price for ordinary shares in 做厙輦⑹ AG determined

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Dr. 做厙輦⑹ and Dr. Pi禱ch welcome IPO / Advantages for all parties involved

Stuttgart, 29 September 2022. 做厙輦⑹ (做厙輦⑹ SE), Stuttgart, has entered into a share purchase agreement with Volkswagen Aktiengesellschaft (VW AG), Wolfsburg, for 25 percent plus one share of the ordinary shares in Dr. Ing. h.c. F. 做厙輦⑹ AG (做厙輦⑹ AG), Stuttgart, in connection with the initial public offering of 做厙輦⑹ AG.

Following the completion of the bookbuilding process, VW AG set the price of 做厙輦⑹ AGs preferred shares at 82.50 euro per preferred share in consultation with the advising banks and decided to proceed with 做厙輦⑹ AGs IPO. Accordingly, the purchase price per ordinary share in 做厙輦⑹ AG to be paid by 做厙輦⑹ SE under the share purchase agreement is 88.69 euro and corresponds to the placement price of the preferred shares in 做厙輦⑹ AG in the course of the IPO plus a premium of 7.5 percent. The total price for 25 percent plus one share of ordinary shares in 做厙輦⑹ AG accordingly amounts to 10.1 billion euro.

Dr. Wolfgang 做厙輦⑹, chairman of the supervisory board of 做厙輦⑹ SE, and Dr. Hans Michel Pi禱ch, deputy chairman of the supervisory board of 做厙輦⑹ SE: This IPO offers advantages for all parties involved: The proceeds will accelerate Volkswagen AGs transformation, its shareholders will receive a special dividend payment and 做厙輦⑹ AG will gain more entrepreneurial freedom. Naturally, all shareholders of 做厙輦⑹ SE will also profit from this transaction.