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Dr. Ing. h.c. F.

Porsche Aktiengesellschaft
Stuttgart Announcement pursuant to 23 para. 1 sentence 1 No. 2 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und bernahmegesetz) (WpG) On 30 April 2007, Dr. Ing. h.c. F. Porsche Aktiengesellschaft, Stuttgart, (Bidder) published the offer document for its mandatory offer (Offer) to the shareholders of Volkswagen Aktiengesellschaft, Wolfsburg, (Volkswagen AG) to acquire all issued ordinary bearer shares of Volkswagen AG (ISIN DE0007664005) (Volkswagen Ordinary Shares) and all issued preference bearer shares of Volkswagen AG (ISIN DE0007664039) (Volkswagen Preference Shares). The acceptance period ended on 29 May 2007 at 24:00 hours (Frankfurt am Main local time). As of the expiry of the acceptance period, the Offer was accepted for 172,218 Volkswagen Ordinary Shares and 68,262 Volkswagen Preference Shares. This corresponds to approximately 0.06% of the Volkswagen Ordinary Shares and voting rights, approximately 0.06% of the Volkswagen Preference Shares as well as to approximately 0.06% of the outstanding share capital of Volkswagen AG. As of the expiry of the acceptance period, the Bidder holds 88,874,462 Volkswagen Ordinary Shares which correspond to approximately 30.91% of the total number of Volkswagen Ordinary Shares and voting rights as of 31 May 2007 as well as to approximately 22.63% of the total outstanding share capital of Volkswagen AG as of 31 May 2007. The voting rights held by the Bidder in Volkswagen AG are attributed to the so-called Additional Controlling Persons listed in Section 4.3 of the Offer Document (Mag. Josef Ahorner, Dipl.-Ing. Dr. h.c. Ferdinand Pich GmbH, Dr. Hans-Michel Pich GmbH, Familie Porsche Beteiligung GmbH, Familie Porsche Holding GmbH, Familie Porsche Privatstiftung, Familien Porsche-Daxer-Pich Beteiligung GmbH, Ferdinand Alexander Porsche GmbH, Ferdinand Pich GmbH, Ferdinand Porsche Holding GmbH, Ferdinand Porsche Privatstiftung, Gerhard Anton Porsche GmbH, Gerhard Porsche GmbH, Hans-Michel Pich GmbH, Hans-Peter Porsche GmbH, Ing. Hans-Peter Porsche GmbH, Mag. Louise Kiesling, Louise Daxer-Pich GmbH (Stuttgart), Louise Daxer-Pich GmbH (Salzburg), Dr. techn. h.c. Ferdinand Pich, Dr. Hans-Michel Pich, Porsche GmbH (Salzburg), Porsche GmbH (Stuttgart), Porsche Holding GmbH, Dr. F. Oliver Porsche, Dr. Wolfgang Porsche, Mr. Gerhard Anton Porsche, Mr. Hans-Peter Porsche, Mr. Kai Alexander Porsche, Mr. Mark Philip Porsche, Mr. Peter Daniell Porsche, Prof. Ferdinand Alexander Porsche, Prof. Ferdinand Alexander Porsche GmbH and Wolfgang Porsche GmbH) pursuant to 30 para. 1 sentence 1 no. 1 WpG. According to the information available to the Bidder, as of the expiry of the acceptance period, of the persons acting in concert with the Bidder within the meaning of 2 para. 5 WpG, (i) Dr. Hans-Michel Pich held 12,470 Volkswagen Ordinary Shares (corresponding to less than 0.01% of the Volkswagen Ordinary Shares, the voting rights and the total outstanding share capital of Volkswagen AG) and 1,000 Volkswagen Preference Shares (corresponding to less than 0.01% of the Volkswagen Preference Shares and the outstanding share capital of Volkswagen AG) and (ii) Porsche Austria GmbH & Co. held 73 Volkswagen Ordinary Shares (corresponding to less than 0.01% of the Volkswagen Ordinary Shares, the voting rights and the outstanding share capital of Volkswagen AG). The voting rights held by Porsche Austria GmbH & Co. in Volkswagen AG are attributed to the Additional Controlling Persons Porsche GmbH (Salzburg) and Porsche Holding GmbH pursuant to 30 para. 1 sentence 1 no. 1 WpG. Furthermore, as of the expiry of the acceptance period no shares in Volkswagen AG or voting rights attaching to Volkswagen Ordinary Shares were attributable to the Bidder, persons acting in concert with the Bidder or their subsidiaries. The total numbers of shares in Volkswagen AG for which the Offer was accepted as of the expiry of the acceptance period together with the number of shares in Volkswagen AG which the Bidder already holds therefore amounts to 89,046,680 Volkswagen Ordinary Shares and 68,262 Volkswagen Preference Shares, which corresponds to approximately 30.97% of the Volkswagen Ordinary Shares and voting rights, approximately 0.06% of the total number of Volkswagen Preference Shares and to 22.69% of the outstanding share capital of Volkswagen AG. Stuttgart, 4 June 2007 Dr. Ing. h.c. F. Porsche Aktiengesellschaft