VW t4 Climate Control and Heating

5GTXKEG 3

9QTMUJQR/CPWCN
6TCPURQTVGT
'PIKPGEQFG
#..

*GCVKPI#KTEQPFKVKQPKPI
$ QQMNGV HTQO agen
AG. Volkswagen AG d
oes
lksw not

o
byV gu
ara
ed
ris nte
tho eo
au ra
'FKVKQP ss c
ce
le
un
pt

an
d
itte
y li
erm
ab

ility
ot p
wit
is n
h re
ole,
spec
urposes, in part or in wh
t to the co
rrectness o
cial p
f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.
5GTXKEG&GRCTVOGPV6GEJPKECN+PHQTOCVKQP
5GTXKEG 3
.KUVQH9QTMUJQR/CPWCN4GRCKT)TQWRU
6TCPURQTVGT4
'PIKPGEQFG
#..
*GCVKPI#KTEQPFKVKQPKPIHTQO
*GHV 'FKVKQP

4GRCKT)TQWR 6GEJPKECN$WNNGVKPU
5GNHFKCIPQUKU
*GCVKPI
#KTEQPFKVKQPKPI
en AG. Volkswagen AG do
Vol
ksw
ag e
s not gu
by ara
tee o
d
ir se n
ho
ut ra
ss
a
c
ce
e
nl

pt
du
an
itte
y li

erm
ab
ility
ot p

wit
, is n
h re

hole
spec
es, in part or in w

t to the co

rrectness of i
l purpos

nform
ercia

m
at
om

ion
c
in t
or

his
ate
do
riv

p
cum
for
en
ng
t.

yi Co
Cop py
t. rig

gh ht
pyri by
Vo
co lksw
by
cted

agen
Prote AG.

6GEJPKECN+PHQTOCVKQPUJQWNFCNYC[UDGCXCKNCDNGVQCNNHQTGOGPCPFOGEJCPKEUDGECWUGVJGKTEQORNKCPEGYKVJ
VJGKPUVTWEVKQPUIKXGPKUGUUGPVKCNVQGPUWTGXGJKENGTQCFYQTVJKPGUUCPFUCHGV[+PVJGPQTOCNUCHGV[RTGECWVKQPU
VQDGQDUGTXGFYJGPYQTMKPIQPOQVQTXGJKENGUCTGCNUQCRRNKECDNG

#NNTKIJVUTGUGTXGF
0QTGRTQFWEVKQPYKVJQWVRTKQTCITGGOGPVHTQORWDNKUJGT 2TKPVGFKP)GTOCP[
%QR[TKIJVÈ8QNMUYCIGP#)9QNHUDWTI

%QPVGPVU

5GNHFKCIPQUKU 2CIG
5GNHFKCIPQUKUQH%NKOCVTQPKE
ä6QQNU
ä(WPEVKQP
ä6GUVRTGTGSWKUKVGUHQTUGNHFKCIPQUKU
ä%QPPGEVKPIHCWNVTGCFGT8#)CPFUGNGEVKPIHWPEVKQP
ä%JCTVQHHWPEVKQPUVJCVECPDGUGNGEVGF
ä%QFKPI%NKOCVTQPKEEQPVTQNWPKV
ä+PVGTTQICVKPIHCWNVOGOQT[
ä(CWNVVCDNG
ä(KPCNEQPVTQNFKCIPQUKU
ä4GCFOGCUWTGFXCNWGDNQEM
ä'TCUKPIHCWNVOGOQT[GPFKPIQWVRWV

*GCVKPI 2CIG
5GTXKEKPIJGCVKPIU[UVGO
ä4GOQXKPIJGCVGT
&KUOCPVNKPICPFCUUGODNKPIJGCVGFCKTCPFHTGUJCKTEQPVTQNU
ä8GJKENGU4
ä8GJKENGU4
&KUOCPVNKPICPFCUUGODNKPIJGCVGT
ä+PUVCNNKPICPFCFLWUVKPIECDNGU
5GTXKEKPICFFKVKQPCNJGCVGZEJCPIGT
KPRCUUGPIGTEQORCTVOGPV
ä8GJKENGU4
AG. Volkswagen AG d
ä8GJKENGU4
agen oes
lksw not
ä4GOQXKPITGIWNCVKPIXCNXG
byV
o gu
ara
d
ä(TQPVJGCVGZEJCPIGTCPFCFFKVKQPCNJGCVGZEJCPIGTEQQNCPVJQUGEQPPGEVKPIFKCITCO
orise nte
th eo
ä&KUOCPVNKPICPFCUUGODNKPIJGCVGZEJCPIGTCKTFKUVTKDWVKQPJQWUKPI
au
ra
c
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w
5GTXKEKPIRCUUGPIGTEQORCTVOGPVXGPVKNCVKQP
t to the co
ä8GJKENGU4
ä8GJKENGU4
4GOQXKPICPFKPUVCNNKPIFWUVCPFRQNNGPHKNVGT
rrectness of i
8CEWWOJQUGEQPPGEVKQPFKCITCO
l purpos

#KTEQPFKVKQPKPI 2CIG nform
ercia
0QVGUQPTGRCKTYQTMVQXGJKENGUYKVJCKTEQPFKVKQPKPICPFQPJCPFNKPITGHTKIGTCPV
ä5CHGV[RTGECWVKQPUHQTYJGPYQTMKPIQPXGJKENGUYKVJCKTEQPFKVKQPKPICPFYJGPJCPFNKPITG
m
at
om
HTKIGTCPV4C
ion
c
#KTEQPFKVKQPGTYKVJOCPWCNEQPVTQNU
in t
or
his
e
ä5GTXKEKPICKTEQPFKVKQPKPICPFJGCVKPIKPCTGCQHFCUJRCPGN
at
do
riv
ä4GOQXKPICPFKPUVCNNKPIJGCVKPICPFCKTEQPFKVKQPKPIEQPVTQNU
p
cum
or
ä4GOQXKPIEQPVTQNUHQTTGCTJGCVKPICPFCKTEQPFKVKQPKPI
f
en
ng
i t.
ä&KUOCPVNKPICPFCUUGODNKPIJGCVKPICPFCKTEQPFKVKQPKPIEQPVTQNU py Co
Co py
ä+PUVCNNKPICPFCFLWUVKPIJGCVKPICPFCKTEQPFKVKQPKPIECDNGU ht. rig
rig ht
by
ä+PUVCNNKPICPFCFLWUVKPIVGORGTCVWTGHNCRECDNG
by copy Vo
lksw
ä4GOQXKPICPFKPUVCNNKPIEGPVTCNHNCRNGXGT
cted agen
Prote AG.
ä5GTXKEKPICKTEQPFKVKQPKPICPFJGCVKPIGPIKPGEQORCTVOGPV
ä8CEWWOJQUGEQPPGEVKQPFKCITCO
ä4GOQXKPICPFKPUVCNNKPIEQORTGUUQTDTCEMGVGPIKPGEQFG#%7
ä4GOQXKPICPFKPUVCNNKPIEQORTGUUQTDTCEMGVGPIKPGEQFG#'5
ä4GOQXKPICPFKPUVCNNKPIEQORTGUUQTDTCEMGVGPIKPGEQFG##$
ä4GOQXKPICPFKPUVCNNKPIEQORTGUUQTDTCEMGVGPIKPGEQFG#%8
%NKOCVTQPKECKTEQPFKVKQPGTYKVJCWVQOCVKETGIWNCVKQP
ä%QPVTQNCPFHWPEVKQPQHVJG%NKOCVTQPKEEQPVTQNCPFFKURNC[WPKV'
ä5GTXKEKPI%NKOCVTQPKEFCUJRCPGNCTGC
ä4GOQXKPICPFKPUVCNNKPIQRGTCVKPICPFFKURNC[WPKV'YKVJ%NKOCVTQPKEEQPVTQNWPKV,
ä5GTXKEKPI%NKOCVTQPKECFFKVKQPCNJGCVGZEJCPIGT
ä5GTXKEKPI%NKOCVTQPKEPFGXCRQTCVQT
ä1RGTCVKQPCPFHWPEVKQPQHTGCT%NKOCVTQPKEQRGTCVKPICPFFKURNC[WPKV'

ä4GOQXKPITGCT%NKOCVTQPKEQRGTCVKPICPFFKURNC[WPKV'
ä5GTXKEKPI%NKOCVTQPKEGPIKPGEQORCTVOGPV
ä4GRNCEKPICODKGPVVGORGTCVWTGUGPUQT)
ä%JGEMKPICPFCFLWUVKPIGPFRQUKVKQPQHKPUVCNNGFVGORGTCVWTGHNCRRQUKVKQPKPIOQVQT
ä%JGEMKPICPFCFLWUVKPIGPFRQUKVKQPQHKPUVCNNGFHQQVYGNNFGHTQUVHNCRRQUKVKQPKPIOQVQT
ä%QQNCPVJQUGEQPPGEVKQPFKCITCO
ä8CEWWOJQUGEQPPGEVKQPFKCITCO
4GRCKTYQTMQPVJGTGHTKIGTCPVEKTEWKVYJKEJECPQPN[DGECTTKGFQWVD[RTQRGTN[VTCKPGFOGEJCPKEU

5RGEKCNKUVYQTMUJQRUHQTCKTEQPFKVKQPKPIU[UVGOU
ä6QQNU
ä1XGTXKGYQHEQORQPGPVUKPVJGTGHTKIGTCPVEKTEWKVHQTHTQPVUGCVUCPFTGCTUGCVU
ä5GTXKEKPIEQORQPGPVUKPVJGTGHTKIGTCPVEKTEWKV
ä4GOQXKPIGZRCPUKQPXCNXG
ä5GTXKEKPIOCIPGVKEEQWRNKPI0YJGPEQORTGUUQTKUTGOQXGF/CPWHCEVWTGT5CPFGP
ä4GOQXKPICPFKPUVCNNKPIEQPFGPUGT
ä&KUOCPVNKPICPFCUUGODNKPIGXCRQTCVQTJQWUKPIHQTHTQPVUGCVUCPFTGCTUGCVU
%CRCEKVKGU
ä4GHTKIGTCPV4C
ä4GHTKIGTCPVQKN
n AG. Volkswagen AG do
lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re
hole
spec
es, in part or in w
t to the co
rrectness of i
l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

5GNHFKCIPQUKUQH%NKOCVTQPKE

6QQNU

5RGEKCNVQQNUYQTMUJQRGSWKROGPVVGUVGTUOGCUWTKPIKPUVTW
OGPVUCPFCWZKNKCT[KVGOUTGSWKTGF

t8#)(CWNVTGCFGT

QT

t8#58GJKENGFKCIPQUKUVGUVKPICPFKPHQTOCVKQPU[UVGO

t8#)%CDNG

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab

0QVG
ility
ot p

5QOGEQORQPGPVUCPFHWPEVKQPUQHVJG%NKOCVTQPKECTGPQVOQPK
wit
, is n
h re
VQTGFD[VJGUGNHFKCIPQUKU+HCHVGTKPVGTTQICVKPIVJGHCWNVOGOQT[
hole
spec
PQHCWNVKUTGEQIPK\GFGXGPVJQWIJVJGTGKUCURGEKHKEEQORNCKPV

es, in part or in w
ECTT[QWVHWTVJGTEQORNCKPVTGNCVGFEJGEMU
t to the co

(CWNVHKPFKPI*GCVKPI#KT%QPFKVKQPKPIä$KPFGT

(WTVJGTKPHQTOCVKQP
rrectness of i

t/GCUWTGUVQEQTTGEVEWTTGPVOQFGNURGEKHKEHCWNVU
l purpos
6GEJPKECN5GTXKEG*CPFDQQM

t%NKOCVTQPKEä#KTEQPFKVKQPKPIU[UVGOYKVJCWVQOCVKETGIWNCVKQP
nform
ercia
2CIG
m
t4GRCKTYQTMQPVJGTGHTKIGTCPVEKTEWKVYJKEJECPQPN[DGECTTKGF
at
om
io
QWVD[RTQRGTN[VTCKPGFOGEJCPKEU
5RGEKCNKUVYQTMUJQRUHQTCKT
n
c
in t
or
EQPFKVKQPKPI 2CIG
his
ate

do
riv

p
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

(WPEVKQP

0QVG

6JGHQNNQYKPIFGUETKRVKQPFGCNUQPN[YKVJVJGHCWNVTGCFGT8#)

6JG%NKOCVTQPKEEQPVTQNWPKVKUUWRRNKGFYKVJKPHQTOCVKQPHTQO
GNGEVTKECNCPFGNGEVTQPKEEQORQPGPVU
UGPUQTUYJKEJKURTQE
GUUGFKPVJGEQPVTQNWPKVCEEQTFKPIVQVJGURGEKHKECVKQPU6JGQWV
RWVUKIPCNUVJGPEQPVTQNVJGGNGEVTKECNEQORQPGPVU
HKPCNEQPVTQNU

6JG%NKOCVTQPKEEQPVTQNWPKV,KUNQECVGFDGJKPFVJGEQPVTQN
CPFFKURNC[RCPGN'

6QGPCDNGHCWNVVQDGTCRKFN[FGVGEVGFKHCEQORQPGPVHCKNUQT
VJGTGKUCPQRGPEKTEWKVVJGEQPVTQNWPKVKUGSWKRRGFYKVJCHCWNV
OGOQT[YJKEJECPDGKPVGTTQICVGFWUKPIVJGHCWNVTGCFGT8#)

5JQWNFCHCWNVDGFGVGEVGFKPQPGQHVJGUGPUQTUQTEQORQPGPVU
OQPKVQTGFKVKUUVQTGFKPVJGHCWNVOGOQT[

+HCHCWNVJCUDGGPUVQTGFVJG%NKOCVTQPKEYKNNDGUYKVEJGFQHHGK
VJGTRCTVKCNN[QTGPVKTGN[FGRGPFKPIQPVJGUGXGTKV[QHVJGHCWNV
AG. Volkswagen AG d

agen oes
olksw not
yV gu
db ara
rise nte
tho eo
u
s a ra
c
s

+HCHCWNVYJKEJJCUCRGTOCPGPVCFXGTUGGHHGEVQPVJGQRGTCVKQP
ce
le
un
pt
QHVJG%NKOCVTQPKEKUUVQTGFVQOGOQT[VJGFKURNC[QHVJGEQPVTQN
an
d
itte
y li
CPFFKURNC[RCPGN'HNCUJGUHQTCRRTQZUGEQPFUYJGPVJG
erm
ab
KIPKVKQPKUUYKVEJGFQP+PVJGECUGQHHCWNVUVJCVFQPQVECWUGVJG
ility
ot p
FKURNC[VQHNCUJVJG%NKOCVTQPKEEQPVTQNWPKVECPCNNQYVJG%NKOC
wit
is n
h re
VTQPKEVQEQPVKPWGQRGTCVKPIKPGOGTIGPE[OQFGCVVJGCFLWUVGF
ole,
spec
UGVVKPIU
6JGUGNHFKCIPQUKUOWUVDGKPKVKCVGFCVVJGEQOOGPEGOGPVQH
t to the co
HCWNVHKPFKPICPFVJGUVQTGFKPHQTOCVKQPKPVGTTQICVGFYKVJVJG

8GJKENG&KCIPQUKU6GUVKPICPF+PHQTOCVKQPU[UVGO8#5QT

rrectne
(CWNVTGCFGT8#)QT

8GJKENGU[UVGOVGUVGT8#)
ss o
6JGHCWNVKPHQTOCVKQPFKURNC[GFKUWUGFVQTGHGTVQCHCWNVVCDNG
cial p
f inform
YKVJPQVGUQPVJGRQUUKDNGECWUGUHQTFKTGEVGFTGRCKTOGCUWTGU
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

6GUVRTGTGSWKUKVGUHQTUGNHFKCIPQUKU

t#NNHWUGUCEEQTFKPIVQEWTTGPVHNQYFKCITCO1-

t$CVVGT[XQNVCIGCVNGCUV8QNVU

%QPPGEVKPIHCWNVTGCFGT8#)CPFUGNGEVKPI
HWPEVKQP

0QVG
6JGXGJKENGU[UVGOVGUVGT8#)ECPDGWUGFKPUVGCFQHVJG
HCWNVTGCFGT8#)JQYGXGTCRTKPVQWVKUPQVRQUUKDNG

8GJKENGU4

9KVJVJGKIPKVKQPUYKVEJGFQHHEQPPGEV8#)WUKPIECDNG
8#)VQVJGFKCIPQUVKEUQEMGVCUHQNNQYU
3 ä4GOQXGFKCIPQUVKEEQPPGEVKQPEQXGT
QPTKIJVPGZVVQFCUJ

RCPGNKPUGTV
ä%QPPGEVHCWNVTGCFGTQTU[UVGOVGUVGTWUKPIECDNG8#)
VQFKCIPQUKUEQPPGEVKQP

AG. Volkswagen AG d
agen oes
olksw not

byV gu
8GJKENGU4ised ara
nte
hor eo
aut ra

s c
9KVJVJGKIPKVKQPUYKVEJGFQHHEQPPGEV8#)WUKPIECDNG
s
ce
e

nl
8#)VQVJGFKCIPQUVKEUQEMGVCUHQNNQYU
pt
du
an
3
itte
y li
ä1RGPEQXGTHQTFKCIPQUVKEEQPPGEVKQP
KPNQYGTUVGGTKPIEQNWOP
erm
ab
VTKO
ility
ot p

wit
ä%QPPGEVHCWNVTGCFGTQTU[UVGOVGUVGTWUKPIECDNG8#)
, is n

VQFKCIPQUKUEQPPGEVKQP h re
hole

spec
es, in part or in w

t to the co

rrectness of i

l purpos
3

8#)ä5'.(&+#)015+5 *'.2 +PFKECVGFQPFKURNC[

ä4CRKFFCVCVTCPUHGT
#RRGCTUCNVGTPCVGN[
nform
ercia
ä(NCUJEQFGQWVRWV
0QVGU
m
at
om
t#FFKVKQPCNQRGTCVKPIKPHQTOCVKQPECPDGRTKPVGFQWVFGRGPFKPI
ion
c
QPVJGRTQITCOOGD[RTGUUKPIVJG*'.2MG[QH8#)
in t
or
his
te
t6JGMG[KUWUGFHQTCFXCPEKPIVJGRTQITCOOGUGSWGPEG
a
do
priv

um
t6JG24+06MG[KUWUGFHQTUYKVEJKPIQPVJGRTKPVGT
YCTPKPI
for
en
g
NCORKPMG[NKIJVUWR
n
i t.
py Co
Co py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

ä5YKVEJQPKIPKVKQP

ä2TGUUMG[HQT4CRKFFCVCVTCPUHGTOQFG

*'.2 3 +PFKECVGFQPFKURNC[

4CRKFFCVCVTCPUHGT

ä2TGUUMG[UCPF
KPRWVUVJGCFFTGUUYQTFQHVJGXGJK
'PVGTCFFTGUUYQTF::
ENGU[UVGOVQDGVGUVGFä#KTEQPF*GCVKPIGNGEVTQPKEU

3 3 +PFKECVGFQPFKURNC[CHVGTGPVGTKPIVJGCFFTGUUYQTF

4CRKFFCVCVTCPUHGT

ä%QPHKTOGPVT[YKVJVJG3MG[
#KTEQPF*GCVKPIGNGEVTQPKEU

3

4CRKFFCVCVTCPUHGT +PFKECVGFQPFKURNC[

CPFVJGPVJGFKURNC[UJQYUGI
6GUVGTUGPFUCFFTGUUYQTF

3

%.+/#6410+% 8:: 6JGEQPVTQNWPKVKFGPVKHKECVKQPPWODGTKUFKURNC[GF

t2CTV0QQHVJGEQPVTQNWPKV
HQTNCVGUVEQPVTQN
%QFKPI 95%:::::
WPKVXGTUKQPUGGRCTVUECVCNQIWG

t%NKOCVTQPKE5[UVGOFGUKIPCVKQP
AG. Volkswagen AG d
agen

t8::8GTUKQP oes
lksw not

by Vo gu
ara
t%QFKPIHQTXGJKENGU4
rise
d
nte

ho eo
äYKVJFWUVCPFRQNNGPHKNVGT
aut ra
s c
s

äYKVJQWVFWUVCPFRQNNGPHKNVGT
ce
e
nl

pt
du
t%QFKPIHQTXGJKENGU4
an
itte

y li

erm
0QVG
ab

ility
ot p
+HVJGFKURNC[QHVJGQRGTCVKPICPFFKURNC[WPKV'KUDNKPMKPI
wit
, is n
VJGWPKVOWUVDGEQFGFQTVJGTGKUCHCWNVKPVJGCKTEQPFKVKQPKPI
h re
hole
U[UVGO
spec

es, in part or in w
UVCPFPFRQUKVKQPUQHEQFKPI
t to the co

TFRQUKVKQPQHEQFKPI

ä4GUVQHYQTNFXGJKENGU
rrectness of i
ä,CRCPGUGXGJKENGU
l purpos
VJRQUKVKQPQHEQFKPI

ä5VCPFCTFINCUU
nf
ercia
ä*GCVTGHNGEVKXGINCUU
orm
m

atio
ä+PUWNCVGFINCUU
om
n in

c

or
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

VJRQUKVKQPQHEQFKPI

ä2GVTQNGZEGRV84

ä2GVTQN84

ä&KGUGN

'ZCORNG

4GUVQHYQTNFXGJKENGU

5VCPFCTFINCUU

2GVTQNGZEGRV84

t95%9QTMUJQREQFG

0QVG

t#UCNNXGJKENGU4CTGGSWKRRGFYKVJCFWUVCPFRQNNGPHKN
VGTVJGEQFKPIHQTXGJKENGUYKVJQWVFWUVCPFRQNNGPHKNVGT

KUPQVCRRNKECDNG6JGTGHQTGKVOWUVPQNQPIGTDGWUGF
t#PKPEQTTGEVEQFKPINGCFUVQKPEQTTGEVDNQYGTQWVRWV

+HVJGEQFKPIFKHHGTUVQVJGFCVCIKXGP

ä%QFGEQPVTQNWPKV 2CIG%QFKPI%NKOCVTQPKEEQPVTQN
WPKV

0QVG

*'.2 3 t+HQPGQHVJGHCWNVOGUUCIGUQRRQUKVGCRRGCTUKPVJGFKURNC[

4CRKFFCVCVTCPUHGT

lkswage
VJGRQUUKDNGECWUGUQHVJGHCWNVECPDGRTKPVGFQWVYKVJVJG
es n
Vo ot g
%QPVTQNWPKVFQGUPQVCPUYGT *'.2MG[
d by ua
ran
ir se tee
th o
or
u
ss a ac
*'.2 3
6JGKIPKVKQPOWUVDGUYKVEJGFQP
ce
e
4CRKFFCVCVTCPUHGT
nl
pt
du
an

itte

y li
-YKTGPQVUYKVEJKPIVQRQUKVKXG
erm
ab
ility

ot p
3
wit
, is n
4CRKFFCVCVTCPUHGT t(CWNVUJCXGQEEWTTGFCVVJGUVCTVQHQTFWTKPIVJGRTQITCOOG
h re
hole

GZVGTPCNUQWTEGUQHHCWNVU!
spec
0QUKIPCNHTQOEQPVTQNWPKV
es, in part or in w
t to the co

3

4CRKFFCVCVTCPUHGT ä%JGEMFKCIPQUVKEECDNGUCPFCNUQXQNVCIGUWRRN[CPFGCTVJEQP

PGEVKQP
rrectness of i
(CWNVKPEQOOWPKECVKQPDWKNFWR

ä9JGPECWUGUQHHCWNVUJCXGDGGPGNKOKPCVGFKPRWVCFFTGUU

l purpos
YQTFHQT#KTEQPF*GCVKPIGNGEVTQPKEUCPFEQPHKTOYKVJ3
MG[

nform
ercia
3 3 +PFKECVGFQPFKURNC[CHVGTGPVGTKPIVJGCFFTGUUYQTF

4CRKFFCVCVTCPUHGT
m
at

om

o

n
c
#KTEQPF*GCVKPIGNGEVTQPKEU
in t
r

o
his
e

at
do
riv
3

p
cum
or

f
en
g

CPFVJGPVJGHQNNQYKPICRRGCTUKPVJGFKURNC[
n
t.
yi Co
6GUVGTUGPFUCFFTGUUYQTF Cop py
.

t rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

3

%.+/#6410+% 8:: 6JGEQPVTQNWPKVKFGPVKHKECVKQPPWODGTKUFKURNC[GF

ä2TGUUMG[
%QFKPI 95%:::::

3

4CRKFFCVCVTCPUHGT *'.2 +PFKECVGFKPFKURNC[

HWPEVKQPUGNGEVKQPGIä+PVGTTQICVKPI
HCWNVOGOQT[
5GNGEVHWPEVKQP::
0QVG

#NKUVQHVJGRQUUKDNGHWPEVKQPUKURTKPVGFQWVCHVGTRTGUUKPIVJG
*'.2MG[

%JCTVQHHWPEVKQPUVJCVECPDGUGNGEVGF

2CIG
agen+PVGTTQICVGEQPVTQNWPKVXGTUKQP
AG. Volkswagen AG d
oes

olksw %QPPGEVKPIHCWNVTGCFGT8#)
not
byV gu
ara
rised CPFUGNGEVKPIHWPEVKQPU nte
o
aut
h +PVGTTQICVGHCWNVOGOQT[ e or a

ss c
(KPCNEQPVTQNFKCIPQUKU

ce
e
nl
'TCUGHCWNVOGOQT[

pt
du
an

itte
'PFQWVRWV

y li
erm
ab
%QFKPIEQPVTQNWPKV

ility
ot p
4GCFOGCUWTGFXCNWGDNQEM

wit
, is n

h re
1PN[VJGHWPEVKQPUNKUVGFECPDGWUGFCVRTGUGPVHQTUGNHFKCIPQ
hole
spec
UKU
es, in part or in w
#HVGTRTGUUKPIVJGMG[VJG8#)RTQITCOOGTGVWTPUVQ
t to the co
VJGKPKVKCNRQUKVKQP

HWPEVKQPUGNGEVKQPGIä+PVGTTQICVKPI
rrectness of i
4CRKFFCVCVTCPUHGT
HCWNVOGOQT[
l purpos
5GNGEVHWPEVKQP::

nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

%QFKPI%NKOCVTQPKEEQPVTQNWPKV

+HVJGCRRTQRTKCVGEQFGHQTVJGXGJKENGKUPQVFKURNC[GFQTKHVJG

EQPVTQNWPKVJCUDGGPTGPGYGFVJGEQPVTQNWPKVOWUVDGEQFGFCU
HQNNQYU
ä%QPPGEV8#)HCWNVTGCFGTKPRWVCFFTGUUYQTF#KT
EQPF*GCVKPIGNGEVTQPKEUCPFRTGUUWPVKN5GNGEVHWPEVKQP
::CRRGCTUKPFKURNC[ 2CIG

HWPEVKQPUGNGEVKQP

4CRKFFCVCVTCPUHGT

ä2TGUUMG[UCPF
VJGHWPEVKQP%QFKPIEQPVTQNWPKVKUGP
5GNGEVHWPEVKQP::
VGTGFYKVJ

3 3 +PFKECVGFQPFKURNC[

%QFKPIEQPVTQNWPKV

'PVGTEQFGPWODGT :::::

ä'PVGTEQFGPWODGTCPFEQPHKTOYKVJ3MG[
t%QFKPIHQTXGJKENGU4

äYKVJFWUVCPFRQNNGPHKNVGT
äYKVJQWVFWUVCPFRQNNGPHKNVGT

t%QFKPIHQTXGJKENGU4

UVCPFPFRQUKVKQPUQHEQFKPI

TFRQUKVKQPQHEQFKPI
ä4GUVQHYQTNFXGJKENGU
. Volkswagen AG

gen AG
lkä,CRCPGUGXGJKENGU does
o swa not
byV
gu
ara
r
ed
is VJRQUKVKQPQHEQFKPI nte
tho
eo
au ä5VCPFCTFINCUU ra
c
ss
ä*GCVTGHNGEVKXGINCUU
ce
le
un
pt

ä+PUWNCVGFINCUU
an
d
itte
y li

erm
VJRQUKVKQPQHEQFKPI
ab

ility
ot p
ä2GVTQNGZEGRV84
wit
is n

h re
ä2GVTQN84
ole,
spec

3 6JGHCWNVTGCFGT8#)FKURNC[YKNNUJQYHQTGZCORNGVJKU

t to the co

EQPVTQNWPKVEQFKPI
%QFKPI 95%:::::
rrectne

ss o
cial p
f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
o Vo

by c lksw
cted agen
Prote AG.

0QVG

t#UCNNXGJKENGU4CTGGSWKRRGFYKVJCFWUVCPFRQNNGPHKN

VGTVJGEQFKPIHQTXGJKENGUYKVJQWVFWUVCPFRQNNGPHKNVGT

KUPQVCRRNKECDNG6JGTGHQTGKVOWUVPQNQPIGTDGWUGF

t#PKPEQTTGEVEQFKPINGCFUVQKPEQTTGEVDNQYGTQWVRWV

ä2TGUUMG[

HWPEVKQPUGNGEVKQP

4CRKFFCVCVTCPUHGT

ä'PFQWVRWV
HWPEVKQP 2CIG
5GNGEVHWPEVKQP::
ä5YKVEJQHHKIPKVKQPCPFUGRCTCVGFKCIPQUVKEEQPPGEVKQPU

0QVG
6JGEQFGGPVGTGFCPFUJQYPQPVJGFKURNC[YKNNPQVDGWUGFD[
VJG%NKOCVTQPKEEQPVTQNWPKVWPVKNVJGKIPKVKQPJCUDGGPUYKVEJGF
QHHQPEG

+PVGTTQICVKPIHCWNVOGOQT[

ä%QPPGEV8#)HCWNVTGCFGTKPRWVCFFTGUUYQTF#KT
EQPF*GCVKPIGNGEVTQPKEUCPFRTGUUWPVKN5GNGEVHWPEVKQP
Volkswagen AG
AG.::CRRGCTUKPFKURNC[
agen does 2CIG
lksw not
by Vo gua
4CRKFFCVCVTCPUHGT
ed *'.2 3 ran
horis +PFKECVGFQPFKURNC[
HWPEVKQPUGNGEVKQP
tee
ut or
a ä2TGUUMG[UCPF
VJGHWPEVKQP+PVGTTQICVGHCWNVOGOQT[
ac
ss
5GNGEVHWPEVKQP::
KUGPVGTGFYKVJ
ce
e
nl
pt

du

an
itte
y li

4CRKFFCVCVTCPUHGT
erm
ab
ility

ot p

wit
, is n
ä+PVGTTQICVGHCWNVOGOQT[

h re

hole
spec
3 6JGPWODGTQHUVQTGFHCWNVUQT0QHCWNVTGEQIPK\GFCRRGCTUKP

:HCWNVUTGEQIPK\GF
es, in part or in w
t to the co

VJGFKURNC[

rrectness of i
3

0QHCWNVTGEQIPK\GF

l purpos
ä2TGUUMG[

ä6JGUVQTGFHCWNVUCTGFKURNC[GFCPFRTKPVGFQWVQPGCHVGTVJG
nf
ercia
QVJGT
orm

m
ä9JGPVJGNCUVHCWNVJCUDGGPFKURNC[GFCPFRTKPVGFQWVGNKOK
atio
m
PCVGHCWNVUCUFGUETKDGFKPHCWNVVCDNG
2CIG
o
n in
or c
ä#HVGTVJGMG[KURTGUUGFVJGRTQITCOOGOQXGUVQVJGKPKVKCN
thi
te
sd
a
RQUKVKQPCUYKVJ0QHCWNVTGEQIPK\GF
iv
o
r
rp
cu

o

f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

3

4CRKFFCVCVTCPUHGT *'.2 +PFKECVGFQPFKURNC[

HWPEVKQPUGNGEVKQP

ä'PFQWVRWV
HWPEVKQP 2CIG
5GNGEVHWPEVKQP::
ä5YKVEJQHHKIPKVKQPCPFUGRCTCVGFKCIPQUVKEEQPPGEVKQPU

0QVGU

t+HCHCWNVYCUTGEQIPK\GF

t4GEVKH[HCWNV

t+PVGTTQICVGHCWNVOGOQT[
HWPEVKQP

t'TCUGHCWNVOGOQT[
HWPEVKQP

(CWNVVCDNG

0QVG
wage
t6JGHQNNQYKPIVCDNGNKUVUCNNVJGHCWNVUYKVJVJGEQTTGURQPFKPIFKIKVEQFGPWODGTUVJCVECPDGTGEQIPK\GFD[
lks es n
ot g
y Vo
VJG%NKOCVTQPKEEQPVTQNWPKV,CPFRTKPVGFQWVD[VJG8#)
d b ua
ran

ir se tee
o
t+HCHCWNVFQGUPQVQEEWTTGIWNCTN[QTKHVJGHCWNVOGOQT[KUPQVGTCUGFCHVGTGNKOKPCVKQPQHHCWNVVJGUGHCWNVU
uth or
a ac
CTGFKURNC[GFCUURQTCFKEHCWNVU
ss
ce
e
nl
t(CWNVEQFGUCRRGCTQPN[QPRTKPVQWV
pt
du
an
itte

y li
t(CWNVVCDNGOC[CNUQKPENWFGV[RGQHHCWNV
erm
ab

ility
t9JGPTGRCKTJCUDGGPECTTKGFQWVVJGHCWNVOGOQT[OWUVCNYC[UDGKPVGTTQICVGFCICKPYKVJVJGHCWNVTGCFGT
ot p
wit
8#)CPFGTCUGF
, is n
h re
t+HFGURKVGEWUVQOGT UEQORNCKPVPQHCWNVKP%NKOCVTQPKEECPDGHQWPFECTT[QWV(KPCNEQPVTQNFKCIPQUKU

hole
spec
2CIGQT4GCFOGCUWTGFXCNWGDNQEMHWPEVKQP
2CIG+HPGEGUUCT[ECTT[QWVHCWNVHKPFKPI
es, in part or in w
t to the co

HQTURGEKHKEEQORNCKPVUYKVJQWVUGNHFKCIPQUKU

(CWNVHKPFKPI*GCVKPI#KT%QPFKVKQPKPIä$KPFGT
rrectness of i
l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

0QHCWNVTGEQIPK\GF +H0QHCWNVTGEQIPK\GFCRRGCTUCHVGTRGTHQTOKPITGRCKTUVJGUGNHFKCIPQUKUKU
GPFGF

. Volkswagen AG
8#)RTKPVQWV gen AG
a2QUUKDNGECWUGQHHCWNV
does 4GEVKH[KPIHCWNV
olksw not
y V gu
db ara
5WRRN[XQNVCIG rise nte
ho eo
5KIPCNVQQNCTIGaut #NVGTPCVQTFGHGEVKXG r a ä%JGEMUWRRN[XQNVCIGWUKPI4GCFOGCU
c
ss
WTGFXCNWGDNQEM 2CIG
ce
e
nl
5KIPCNVQQUOCNN
pt
9KTGUQTEQPPGEVQTUHTQOVGTOKPCN ä%JGEMYKTGUCPFEQPPGEVQTUVQEQPVTQNWPKV
du
an
itte
y li
VQ%NKOCVTQPKEEQPVTQNWPKV WUKPIEWTTGPVHNQYFKCITCO
erm
ab
,EQPVCEV6GQTHTQO %JGEMCNVGTPCVQT
ility
ot p
EQPVCEV6GVQGCTVJ
wit
%WTTGPVHNQYFKCITCOU'NGEVTKECNHCWNV
, is n
h re
HKPFKPI(KVVKPINQECVKQPUDKPFGT
hole
spec

1PGQHVJGUGOGUUCIGUYKNNDGFKURNC[GFKPCFFKVKQPVQKPFKECVKQPQHTGNGXCPVEQORQPGPV
es, in part or in w
t to the co

rrectness of i
l purpos
nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.


4GHGTGPEGXQNVCIG 8QNVCIGCV6CQT6C
OQTGVJCP8QTNGUUVJCP
8
5KIPCNVQQNCTIG 5JQTVEKTEWKVQTQRGPEKTEWKVKP ä%JGEMYKTGUCPFEQPPGEVQTUVQEQPVTQNWPKV
YKTGUQTEQPPGEVQTU6CQT WUKPIEWTTGPVHNQYFKCITCO
6CQP%NKOCVTQPKEEQPVTQN
WPKV,
5KIPCNVQQUOCNN 5WPNKIJVRGPGVTCVKQPRJQVQUGPUQT ä2WNNQHHEQPPGEVQTUVQVJGUGEQORQPGPVU
)QTRQVGPVKQOGVGT)QT QPGCVCVKOGCPFGTCUGHCWNVOGOQT[

RQVGPVKQOGVGT)QTRQVGPVK 2CIGCPFKPVGTTQICVGHCWNVOGOQT[
QOGVGT)FGHGEVKXG CICKP
2CIG+HVJG4GHGTGPEG
XQNVCIGHCWNVKUPQNQPIGTTGEQIPKUGFVJG
TGNGXCPVEQORQPGPVOWUVDGTGPGYGF
%QPVTQNWPKVHCWNV[ ä4GRNCEGEQPVTQNWPKVKHPGEGUUCT[


. Volkswagen AG
wa gen AG does
olks not
byV gu
ara
ed nte
8#)RTKPVQWV ris 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV
tho eo
au
ra
c
ss
(QQVYGNNFGHTQUVHNCRRQUKVKQP
ce
e
nl
pt
du
KPIOQVQT8
an
itte
y li
5JQTVEKTEWKVQTQRGPEKTEWKVKPYKT ä%JGEMYKTKPICPFEQPPGEVQTUWUKPIEWTTGPV
erm
ab
KPIQTEQPPGEVQTUVQHQQV
ility
HNQYFKCITCO
ot p
wit
YGNNFGHTQUVHNCRRQUKVKQPKPIOQVQT
, is n
h re
8
hole
spec
8KPEQTTGEVN[CFLWUVGF ä%JGEMHQQVYGNNFGHTQUVHNCRRQUKVKQPWUKPI
es, in part or in w
4GCFOGCUWTKPIXCNWGDNQEM 2CIG
t to the co

%JGEMCPFCFLWUVGPFRQUKVKQPQHKPUVCNNGF
rrectness of i
RQUKVKQPKPIOQVQT8 2CIG
8KUDNQEMGF ä%CTT[QWVHKPCNEQPVTQNFKCIPQUKU 2CIG
l purpos

8FGHGEVKXG ä4GPGY8
nf
ercia

r
(CWNVKUTGEQIPK\GFCHVGTUGEQPFUCVGCTNKGUV
m
m
atio
m

o
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.


%QPVTQNRCPGN
&CUJRCPGNVGORGTCVWTGUGP
UQT)
5JQTVEKTEWKVQTQRGPEKTEWKVKP ä%JGEMUGIOGPVUQHEQPVTQNCPFFKURNC[
EQPPGEVQTVQ%NKOCVTQPKEEQPVTQN RCPGN%CTT[QWVHKPCNEQPVTQNFKCIPQUKU
CPFFKURNC[RCPGN' 2CIG
&CUJRCPGNVGORGTCVWTGUGPUQT ä%JGEM)WUKPI4GCFOGCUWTGFXCNWG
)FGHGEVKXG DNQEM 2CIG
'FGHGEVKXG ä4GPGY'
%QPVTQNWPKVFGHGEVKXG ä+HPGEGUUCT[TGPGYEQPVTQNWPKV

+PXGJKENGU4VJG%NKOCVTQPKEEQPVTQNWPKV,VJGQRGTCVKPICPFFKURNC[WPKV'CPFVJGFCUJ
RCPGNVGORGTCVWTGUGPUQT)YKVJDNQYGTHQTVGORGTCVWTGUGPUQT8HQTOCEQORQPGPVYJKEJECPPQVDG
FKUOCPVNGF
AG. Volkswagen AG d

agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
u
s a ra
c
s

ce
le
un
pt

an
d
itte
y li

erm
ab
%QQNCPVEKTEWNCVKQPRWOR
ility
ot p
8
wit
is n
5JQTVVQGCTVJ 5JQTVEKTEWKVKPYKTKPIHTQOEQPVTQN ä%JGEM8WUKPI4GCFOGCUWTGFXCNWG

h re
ole,
WPKV,EQPVCEV6GVQ
spec
DNQEM 2CIG
EQQNCPVEKTEWNCVKQPRWOR8 %JGEMYKTKPICPFEQPPGEVQTUWUKPIEWTTGPV
t to the co
HNQYFKCITCO
8FGHGEVKXG ä4GPGY8
rrectne

ss o
cial p
f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.


(TQPVXGPVVGORGTCVWTGUGPUQT
)
1RGPEKTEWKVUJQTVVQRQUKVKXG 5JQTVEKTEWKVQTQRGPEKTEWKVKPYKT ä%JGEM)WUKPI4GCFOGCUWTGFXCNWG
KPIQTEQPPGEVQTUVQXGPVVGO DNQEM 2CIG
RGTCVWTGUGPUQT) +HVJGCODKGPVVGORGTCVWTGUGPUQT)VJG
UWPNKIJVRGPGVTCVKQPRJQVQUGPUQT)
CPFVJGEQQNCPVVGORGTCVWTGUGPFGT)
CTGCNUQTGEQIPK\GFCUDGKPIHCWNV[VJGP
HKTUVEJGEMVJGYKTKPIHTQOEQPVTQNWPKV
EQPVCEV6CVQEQPPGEVKQP
UGPFGT
KPYKTKPINQQOHQT%NKOCVTQPKE
.
ä%JGEMYKTKPICPFEQPPGEVQTUWUKPIEWTTGPV
HNQYFKCITCO
5JQTVVQGCTVJ )FGHGEVKXG ä4GPGY)

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte

y li
erm
ab

ility
ot p

wit
, is n

h re
hole
4GCTGXCRQTCVQTVGORGTCVWTG
spec
UGPFGT)
es, in part or in w
t to the co

KPIHTQO%NKOCVTQPKEEQPVTQNWPKV DNQEM 2CIG
EQPVCEV6DXKCTGCTGXCRQ +HVJGTGCTJGCVGZEJCPIGTVGORGTCVWTG
rrectness of i
TCVQTVGORGTCVWTGUGPFGT) UGPFGT)KUCNUQTGEQIPK\GFCUDGKPI
l purpos
VQ%NKOCVTQPKEEQPVTQNWPKVEQPVCEV HCWNV[HKTUVEJGEMYKTKPIHTQOEQPVTQNWPKV
6D EQPVCEV6DVQGCTVJEQPPGEVKQP
nf
ercia

UGPFGTGCTVJKPYKTKPINQQOHQT%NKOC
orm
VTQPKE

m
atio
m
o
n in
or c
HNQYFKCITCO
thi
e
5JQTVVQGCTVJ
t
sd
)FGHGEVKXG ä4GPGY)
iva
o
r
rp
cu

o
m
f
en
ng

t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.


4GCTJGCVGZEJCPIGTVGORGTC
VWTGUGPFGT)
EQPVCEV6DXKCTGCTJGCV +HVJGTGCTGXCRQTCVQTUGPFGT)KUCNUQ
GZEJCPIGTVGORGTCVWTGUGPFGT TGEQIPK\GFCUDGKPIHCWNV[VJGPHKTUVEJGEM
)VQ%NKOCVTQPKEEQPVTQNWPKV YKTKPIHTQOEQPVTQNWPKVEQPVCEV6D
EQPVCEV6D VQGCTVJEQPPGEVKQP
UGPFGTGCTVJKPYKTKPI
NQQOHQT%NKOCVTQPKE

HNQYFKCITCO

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

hole
spec

es, in part or in w

t to the co
#ODKGPVVGORGTCVWTGUGPUQT
)
rrectness of i
KPIQTEQPPGEVQTUVQCODKGPVVGO DNQEM 2CIG

l purpos
RGTCVWTGUGPUQT) +HVJGUWPNKIJVRGPGVTCVKQPRJQVQUGPUQT
)VJGEQQNCPVVGORGTCVWTGUGPFGT
nform
ercia
)CPFVJGXGPVVGORGTCVWTGUGPFGT
m
)CTGCNUQTGEQIPK\GFCUDGKPIHCWNV[
at
om
io
VJGPHKTUVEJGEMYKTKPIHTQOEQPVTQNWPKV
n
c
in t
or
UGPFGT
his
ate
.
do
priv
cum

or
f
en
ng
t.
HNQYFKCITCO op
yi Co
5JQTVVQGCTVJ
py
)FGHGEVKXG ä4GPGY) t. C rig
gh ht

yri by

cop Vo
by lksw
cted agen
Prote AG.


6GORGTCVWTGUYKVEJHQT
GXCRQTCVQT'
5JQTVEKTEWKVQTQRGPEKTEWKVKPYKT ä%JGEM'YKVJ4GCFOGCUWTGFXCNWG
KPIQTEQPPGEVQTUVQVGORGTCVWTG DNQEM 2CIG
UYKVEJHQTGXCRQTCVQT'
'FGHGEVKXG ä4GPGY'
%CPPQVDGEJGEMGFCVRTGUGPV 6JKUTGCFQWVCRRGCTUQPN[YJGPVJGHKPCNEQPVTQNFKCIPQUKUYCUECTTKGFQWVDG
HQTGKPVGTTQICVKQPQHHCWNVOGOQT[CPFVJGVGORGTCVWTGUYKVEJEQWNFPQVDG
EJGEMGF
GIKHQWVUKFGVGORGTCVWTGOGCUWTGFYCUDGNQYu%6JKUHCWNVYKNN
DGGTCUGFHTQOEQPVTQNWPKVHCWNVOGOQT[YJGPKIPKVKQPKUUYKVEJGFQHH

6JKUHCWNVKUPQVTGEQIPK\GFKHCODKGPVVGORGTCVWTGKUDGNQYu%QTKH)OCNHWPEVKQPU4GSWKTGFEQPFKVKQP
HQTTGEQIPKVKQPQHHCWNVCKTEQPFKVKQPGTTGCFKPGUU1PCPF'JCUDGGPQRGPGFHQTCVNGCUVOKPWVGUQT
PQXQNVCIGCVEQPPGEVQT6C
AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w

t to the co

2TGUUWTGUYKVEJHQTCKTEQPFK
rrectness of i
VKQPGT(
l purpos
KPIQTEQPPGEVQTUVQRTGUUWTG HNQYFKCITCO
nf
ercia
UYKVEJHQTCKTEQPFKVKQPGT(
or
4GHTKIGTCPVEKTEWKVKPEQTTGEVN[
m
ä%JGEM(WUKPI4GCFOGCUWTGFXCNWG
m
atio
m
EJCTIGFQTTGHTKIGTCPVKPUWHHK DNQEM 2CIG

o
n in
c
EKGPVN[EQQNGF
or
thi
e
(FGHGEVKXG ä4GPGY(
t
sd
iva
o
r
rp
cu
o
HQTGKPVGTTQICVKQPQHHCWNVOGOQT[CPFRTGUUWTGUYKVEJEQWNFPQVDGEJGEMGF
f
en
ng
i t.
py

GIYJGPQWVUKFGVGORGTCVWTGKUDGNQYu%6JKUHCWNVYKNNDGGTCUGFHTQO
Co
. Co py
EQPVTQNWPKVHCWNVOGOQT[YJGPKIPKVKQPKUVWTPGFQHH ht rig
rig ht
py by

o Vo
6JKUHCWNVECPPQVDGTGEQIPK\GFKHCODKGPVVGORGTCVWTGKUDGNQYu%QT)OCNHWPEVKQPUUKOWNVCPGQWUN[
by c lksw
cted agen
Prote

AG.


6GORGTCVWTGUGPUQTDNQYGT
8
&WUVOC[DGDNQEMKPIDNQYGTCKT ä%CTT[QWVXKUWCNEJGEMKHPGEGUUCT[ENGCP
KPVCMG 8
KPICVEQPPGEVQTVQ%NKOCVTQPKE HNQYFKCITCO
QRGTCVKPICPFFKURNC[WPKV'QT
VQVGORGTCVWTGUGPUQTDNQYGT
8
8FGHGEVKXG ä4GPGY8
lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

rrectness of i

5WPNKIJVRGPGVTCVKQPRJQVQ
l purpos
UGPUQT)
1RGPEKTEWKVUJQTVVQRQUKVKXG 1RGPEKTEWKVQTUJQTVEKTEWKVKPYKT ä%JGEM)WUKPI4GCFOGCUWTGFXCNWG
nf
ercia
KPIQTEQPPGEVQTUVQUWPNKIJV DNQEM 2CIG

orm
RGPGVTCVKQPRJQVQUGPUQT) +HVJGCODKGPVVGORGTCVWTGUGPUQT)CKT
m
atio
om
EQPFKVKQPKPIU[UVGOEQQNCPVVGORGTCVWTG
n in
or c
UGPFGT)CPFVJGHTQPVXGPVVGORGTC
thi
te
sd
a
VWTGUGPFGT)CTGCNUQTGEQIPK\GFCU
iv
o
r
rp
cu
DGKPIHCWNV[VJGPHKTUVEJGEMYKTKPIHTQO
o
m
f
en
ng
t.
EQPVTQNWPKVEQPVCEV6CVQEQPPGE
op
yi Co
py
VKQP
UGPFGTKPYKTKPINQQOHQT%NKOCVTQPKE
t. C rig
gh ht
yri

. p by
co Vo
by lksw
Prote
cted AG.
agen
HNQYFKCITCO
)FGHGEVKXG ä4GPGY)


#KTEQPFKVKQPKPIU[UVGOEQQN
CPVVGORGTCVWTGUGPFGT
)
1RGPEKTEWKVUJQTVVQRQUKVKXG 1RGPEKTEWKVQTUJQTVEKTEWKVKP ä%JGEM)WUKPI4GCFOGCUWTGFXCNWG
YKTGUQTEQPPGEVQTUVQCKTEQPFK DNQEM 2CIG
VKQPKPIU[UVGOEQQNCPVVGORGTC +HVJGCODKGPVVGORGTCVWTGUGPUQT)VJG
VWTGUGPFGT) UWPNKIJVRGPGVTCVKQPRJQVQUGPUQT)
CPFVJGHTQPVXGPVVGORGTCVWTGUGPFGT
)CTGCNUQTGEQIPK\GFCUDGKPIHCWNV[
VJGPHKTUVEJGEMYKTKPIHTQOEQPVTQNWPKV
UGPFGT
.
ä%JGEMYKTGUCPFEQPPGEVQTUWUKPIEWTTGPV
HNQYFKCITCO

1PGQHVJGUGTGCFQWVUKUFKURNC[GFKPCFFKVKQPVQTGNGXCPVEQORQPGPV
AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
au ra
ss c
ce
le
un
pt
an
d
itte
y li
erm
ab
ility
ot p

wit
is n
h re
ole,
spec
t to the co

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV rrectne

4GCTGXCRQTCVQTDNQYGT8
ss
o
cial p
KPIQTEQPPGEVQTUVQTGCTGXCRQTC
i
HNQYFKCITCO
nform
VQTDNQYGT8
mer
%JGEMXQNVCIGCV8WUKPI4GCFOGCU
atio
m
WTGFXCNWGDNQEM 2CIG
o
n
c
ä%CTT[QWVHKPCNEQPVTQNFKCIPQUKU 2CIG
i
or
n thi
e

t
sd
iva
'XCRQTCVQTDNQYGTEQPVTQNWPKV
r
ä4GPGY,
p
cum
r
fo
,FGHGEVKXG
en
ng
t.
yi

Co
8FGHGEVKXG . Cop ä4GPGY8 py
rig
py
rig
ht
by
ht
co Vo
by lksw
cted agen
Prote AG.


4GCTYCTOCKTDNQYGT8
KPIQTEQPPGEVQTUVQYCTOCKT HNQYFKCITCO
DNQYGT8 %JGEMXQNVCIGCV8WUKPI4GCFOGCU
WTGFXCNWGDNQEM 2CIG

9CTOCKTDNQYGTEQPVTQNWPKV ä4GPGY,
,FGHGEVKXG
8FGHGEVKXG ä4GPGY8
lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

rrectness of i

$NQYGTTGNC[,
l purpos
5JQTVEKTEWKVQTQRGPEKTEWKVKPYKT ä%JGEM,WUKPI4GCFOGCUWTGFXCNWG
nform
ercia
EQPVCEV6DVQDNQYGTTGNC[ %JGEMYKTKPICPFEQPPGEVQTUWUKPIEWTTGPV
,QTHTQO%NKOCVTQPKEEQPVTQN HNQYFKCITCO
m
at
om
WPKVEQPVCEV6CVQ%NKOC
on
c
in t
r
VTQPKETGNC[,
o
his
te
,FGHGEVKXG ä4GPGY,
a
do
priv

um
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.


5RGGFQOGVGTUGPFGT) 5JQTVEKTEWKVQTQRGPEKTEWKVKPYKT ä%JGEMUKIPCNHTQO)QT)WUKPI
KPIQTEQPPGEVQTUHTQOEQPPGEVKQP 4GCFOGCUWTGFXCNWGDNQEM 2CIG
6
QPFCUJRCPGNKPUGTV-
VQ%NKOCVTQPKEEQPVTQNWPKVEQPVCEV %JGEMYKTKPICPFEQPPGEVQTUWUKPIEWTTGPV
6D HNQYFKCITCO
5RGGFUGPFGT)FGHGEVKXG ä4GPGY)
4GRCKT)TQWR5GTXKEKPIFCUJRCPGN
KPUGTV
5RGGFQOGVGTUGPFGT)QP ä4GPGY)
IGCTDQZFGHGEVKXG
QPN[YJGP 4GRCKT)TQWR5GTXKEKPIFCUJRCPGN
URGGFQOGVGT)KUCNUQPQV KPUGTV

HWPEVKQPKPI

#HCWNVKUTGEQIPK\GFHTQOURGGFQOGVGTUGPFGT)
XGJKENGUYKVJGNGEVTQPKEURGGFQOGVGTQTURGGFUGPFGT

)
XGJKENGUYKVJOGEJCPKECNURGGFQOGVGT

6JGTGRCKTOGCUWTGU
TGRNCEKPIVJGURGGFQOGVGTUGPFGT)QTURGGFUGPFGT)ECPDGEJGEMGF6QFQ
VJKUVJGXGJKENGOWUVDGFTKXGPHQTCVNGCUVOKPWVGUCVCURGGFKPGZEGUUQH-OJ
CRRTQZORJCHVGT
VJGHCWNVOGOQT[JCUDGGPGTCUGFCPFVJGPVJGGPIKPGUYKVEJGFQHH4GRGCVVJKUUGSWGPEGCHWTVJGTVKOGU
+HVJGHCWNVJCUPQVDGGPTGEVKHKGFVJGHCWNVEQFGYKNNCRRGCTCICKPCHVGTKPVGTTQICVKPIVJGHCWNVOGOQT[
AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w
t to the co

5RGGFQOGVGTUGPFGT)
rrectness of i
%CPPQVDGEJGEMGFCVRTGUGPV 6JKUFKURNC[CRRGCTUWPFGTHQNNQYKPIEQPFKVKQPU
l purpos
t#URGGFQHMOJ
ORJJCUPGXGTDGGPGZEGGFGF
QT nform
ercia
t(KPCNEQPVTQNFKCIPQUKUYCURGTHQTOGFDGHQTGKPVGTTQICVKPIHCWNVOGOQT[6JKU
FKURNC[KUQHPQEQPUGSWGPEGHQTUGNHFKCIPQUKU6JGHCWNVKUGTCUGFHTQOEQPVTQN
m
at
om
WPKVOGOQT[CHVGTUYKVEJKPIKIPKVKQPQHH
ion
c
in t

r
#HCWNVKUTGEQIPK\GFHTQOURGGFQOGVGTUGPFGT)
XGJKENGUYKVJGNGEVTQPKEURGGFQOGVGTQTURGGFUGPFGT
o
his
ate
)
XGJKENGUYKVJOGEJCPKECNURGGFQOGVGT
do
priv
cum

or
6JGTGRCKTOGCUWTGU
TGRNCEKPIVJGURGGFQOGVGTUGPFGT)QTURGGFUGPFGT)ECPDGEJGEMGF6QFQ
f
en
ng
t.
VJKUVJGXGJKENGOWUVDGFTKXGPHQTCVNGCUVOKPWVGUCVCURGGFKPGZEGUUQH-OJ
CRRTQZORJCHVGT
i
py Co
Co py
VJGHCWNVOGOQT[JCUDGGPGTCUGFCPFVJGPVJGGPIKPGUYKVEJGFQHH4GRGCVVJKUUGSWGPEGCHWTVJGTVKOGU ht. rig
rig ht
+HVJGHCWNVJCUPQVDGGPTGEVKHKGFVJGHCWNVEQFGYKNNCRRGCTCICKPCHVGTKPVGTTQICVKPIVJGHCWNVOGOQT[ py by
co Vo
by lksw
Prote
cted AG.
agen


%NKOCVTQPKETGNC[,
5JQTVVQGCTVJ 5JQTVEKTEWKVQTQRGPEKTEWKVKPYKT ä%JGEMYKTKPICPFEQPPGEVQTUWUKPIEWTTGPV
KPIHTQO%NKOCVTQPKEEQPVTQNWPKV HNQYFKCITCO
,EQPVCEV6DXKC
'((VQ%NKOC
VTQPKETGNC[,
8FGHGEVKXG ä4GPGY,
HQTGKPVGTTQICVKQPQHHCWNVOGOQT[CPFVJGTGNC[EQWNFPQVDGEJGEMGF
GIKH
CODKGPVVGORGTCVWTGOGCUWTGFYCUDGNQYu%6JKUHCWNVYKNNDGGTCUGFHTQO
EQPVTQNWPKVHCWNVOGOQT[YJGPKIPKVKQPKUUYKVEJGFQHH
lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

hole
spec
es, in part or in w

t to the co
6GORGTCVWTGHNCRRQUKVKQPKPI
OQVQT8
rrectness of i
KPIQTEQPPGEVQTUVQVGORGTCVWTG HNQYFKCITCO
l purpos
HNCRRQUKVKQPKPIOQVQT8
8KPEQTTGEVN[CFLWUVGF ä%JGEMRQUKVKQPQHVGORGTCVWTGHNCRWUKPI nf
ercia
4GCFOGCUWTGFXCNWGDNQEM 2CIG
orm

m
atio
m
%JGEMCPFCFLWUVGPFRQUKVKQPQHKPUVCNNGF
o
n in
or c
RQUKVKQPKPIOQVQT8 2CIG
thi
te
sd
a
8KUDNQEMGF ä%CTT[QWVHKPCNEQPVTQNFKCIPQUKU 2CIG

iv
o
r
rp
cu

o
m
f
en
ng
8FGHGEVKXG ä4GPGY8
t.
yi Co
op py

(CWNVKUTGEQIPK\GFCHVGTUGEQPFUCVGCTNKGUV t. C rig
gh ht
yri
p by
co Vo
by lksw
cted agen
Prote AG.


%GPVTCNHNCRRQUKVKQPKPIOQVQT
8
KPIQTEQPPGEVQTUVQEGPVTCNHNCR HNQYFKCITCO
RQUKVKQPKPIOQVQT8
8KPEQTTGEVN[CFLWUVGF ä%JGEMEGPVTCNHNCRRQUKVKQPWUKPI4GCF
OGCUWTGFXCNWGDNQEM 2CIG

8FGHGEVKXG ä4GPGY8

(CWNVKUTGEQIPK\GFCHVGTUGEQPFUCVGCTNKGUV
lkswage es n
o ot g
byV ua
d ran
ir se te
tho eo
au ra
ss c
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit
, is n

h re
hole
(TGUJCKTDNQYGT8
spec
es, in part or in w
t to the co
KPIQTEQPPGEVQTUVQHTGUJCKT HNQYFKCITCO
DNQYGT8
rrectness of i

l purpos
(TGUJCKTDNQYGTEQPVTQNWPKV ä4GPGY,
,FGHGEVKXG
8FGHGEVKXG ä4GPGY8
nform
ercia

m
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.


%NKOCVTQPKEEQPVTQNWPKV 'NGEVTKECNKPVGTHGTGPEGECWUGFD[ ä%JGEMYKTKPICPFEQPPGEVQTUVQEQPVTQN
,FGHGEVKXG QWVUKFGUQWTEGURQQTGCTVJEQP WPKVWUKPIEWTTGPVHNQYFKCITCO
PGEVKQPUQTRQUKVKXGEQPPGEVKQPU
VQEQPVTQNWPKV,
5WPNKIJVRGPGVTCVKQPRJQVQUGPUQT ä2WNNQHHEQPPGEVQTUVQVJGUGEQORQPGPVU
)QTRQVGPVKQOGVGT)QT QPGCVCVKOGFGNGVGHCWNVOGOQT[

RQVGPVKQOGVGT)QTRQVGPVK 2CIGCPFCICKPKPVGTTQICVGHCWNV
QOGVGT)FGHGEVKXG OGOQT[
2CIG+H%QPVTQN
WPKVFGHGEVKXGHCWNVKUPQNQPIGTTGEQI
PK\GFVJGTGNGXCPVEQORQPGPVOWUVDGTG
PGYGF
%QPVTQNWPKVHCWNV[ ä4GRNCEGEQPVTQNWPKVKHPGEGUUCT[
AG. Volkswagen AG d

agen oes
olksw not
yV gu
db ara
rise nte
tho eo
u
s a ra
c
s

(KPCNEQPVTQNFKCIPQUKU
ce
le
un
pt

an
d

itte
y li

0QVG
erm
ab

ility

t(KPCNEQPVTQNFKCIPQUKUOWUVDGECTTKGFQWVYKVJGPIKPGUVCVKQP
ot p
wit
CT[
is n
h re
ole,

spec
t(QTTGUWNVUVQDGFGHKPKVKXGHKPCNEQPVTQNFKCIPQUKUOWUVDGECT
t to the co
TKGFQWVCVCPCODKGPVVGORGTCVWTGQHCVNGCUVu%CUFKU
RNC[GFQPEQPVTQNCPFFKURNC[RCPGN1RGTCVKQPCPFHWPEVKQPQH
EQPVTQNCPFFKURNC[RCPGN 2CIG rrectne

t&WTKPIHKPCNEQPVTQNFKCIPQUKUVJGEQQNCPVHCP8CPF8KU
CEVKXCVGF
ss o
t%NKOCVTQPKEFQGUPQVUGNHCFLWUVFWTKPIHKPCNEQPVTQNFKCIPQUKU
cial p
f inform
t+HPGEGUUCT[HKPCNEQPVTQNFKCIPQUKUECPDGTGRGCVGFUGXGTCN
mer
VKOGU
atio
om

c
i
or
n thi
e
+PKVKCVKPIHKPCNEQPVTQNFKCIPQUKU
t
sd
iva
o
r

p
ä%QPPGEVHCWNVTGCFGT8#)CPFUGNGEV#KTEQPF*GCVKPI
um
r
fo
GNGEVTQPKEU
CFFTGUUYQTF 2CIG
en
ng
t.
yi Co
Cop py
HWPEVKQPUGNGEVKQP

ht. rig
4CRKFFCVCVTCPUHGT rig ht
py by

co Vo
by lksw

ä2TGUUMG[UCPF
UGNGEVU(KPCNEQPVTQNFKCIPQUKU Prote
cted agen
5GNGEVHWPEVKQP::
AG.
HWPEVKQP


4CRKFFCVCVTCPUHGT

ä%QPHKTOKPRWVYKVJ3MG[
ä(KPCNEQPVTQNFKCIPQUKU

3

(KPCNEQPVTQNFKCIPQUKU +PFKECVGFQPFKURNC[

6JGHQNNQYKPIVGUVUCTGECTTKGFQWV

t4GCFQWVKPFKURNC[QHEQPVTQNCPFFKURNC[RCPGN' 2CIG

t(WPEVKQPCNVGUVQHVJGRQUKVKQPKPIOQVQTU 2CIG

t%WTTGPVVTCEMVQHQNNQYKPIDNQYGTOQVQTUKUVGUVGF

ä(TGUJCKTDNQYGT8

ä4GCTGXCRQTCVQTDNQYGT8
ä4GCTYCTOCKTDNQYGT8

ä 2CIG
t%WTTGPVVTCEMVQOCIPGVKEEQWRNKPI0KUVGUVGF 2CIG

3 +PFKECVGFQPFKURNC[

(WPEVKQPKUPQVTGEQIPK\GFQTECPPQV

ä+H(WPEVKQPKUPQVTGEQIPK\GFQTECPPQVDGECTTKGFQWVCVVJG
DGECTTKGFQWVCVVJGOQOGPV
OQOGPVCRRGCTUKPFKURNC[HKPCNEQPVTQNFKCIPQUKUJCUDGGP
EQPENWFGF
ä2TGUUDWVVQP

AG. Volkswagen AG d
agen oes
olksw not

byV gu
0QVG ised ara
nte

or eo
#HVGTEQORNGVKPIHKPCNEQPVTQNFKCIPQUKUKPVGTTQICVGHCWNVOGOQT[
ut
h
ra
s a c
2CIG s
ce
e
nl
pt
du
an
3 %JGEMFKURNC[KPEQPVTQNCPFFKURNC[RCPGN'
8GJK
itte

y li
erm
ab
ENGU4
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w

t to the co

rrectness of i

l purpos

nform
ercia

3
m

at
%JGEMFKURNC[KPEQPVTQNCPFFKURNC[RCPGN'
8GJKENGU
om
io
4
n
c

in t
or
his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

0QVG

t#NNUGIOGPVUOWUVCRRGCTKPFKURNC[+HPQVTGPGYEQPVTQNCPF

FKURNC[RCPGN

6GUVQHRQUKVKQPKPIOQVQTU

6JGRQUKVKQPKPIOQVQTU

t6GORGTCVWTGHNCRRQUKVKQPKPIOQVQT8

t%GPVTCNHNCRRQUKVKQPKPIOQVQT8

t(QQVYGNNFGHTQUVHNCRRQUKVKQPKPIOQVQT8

YKNNDGOQXGFQPEGQXGTVJGKTEQORNGVGTCPIG6JGHKTUVJCNHQH
VJGOQVQTOQXGOGPVTCPIGYKNNDGEQPVKPWQWUN[CEVKXCVGFVJG
TGOCKPFGTYKNNDGFTKXGPKPUVCIGU

6JGOQXGOGPVYKNNDGEQORNGVGFKPCRRTQZUGEQPFUCPFVJG
RQUKVKQPKPIOQVQTCFQRVUVJGRQUKVKQPUGNGEVGFQPVJGQRGTCVKPI
CPFFKURNC[WPKV

0QVG
AG. Volkswagen AG d
agen

oes
+HYJGPUWDUGSWGPVN[KPVGTTQICVKPIVJGHCWNVOGOQT[
2CIG
lksw not
y Vo gu
PQHCWNVKUTGEQIPK\GFGXGPVJQWIJVJGUGNGEVGFRQUKVKQPU
d b ara
ris
e nte
YGTGPQVCVVCKPGFVJGPVJGCRRTQRTKCVGRQUKVKQPKPIOQVQTQTVJG
tho eo
u ra
CKTHNCROWUVDGEJGEMGFHQTOGEJCPKECNFCOCIG
s a c
s
ce
e
6GUVKPIVJGEWTTGPVVTCEMUVQVJGDNQYGTOQVQTU
nl

pt
du
an

itte
t&WTKPIVJGHKPCNEQPVTQNFKCIPQUKUVJGDNQYGTOQVQTU
y li
erm
ab

ä(TGUJCKTDNQYGT8
ility
ot p

wit
ä4GCTGXCRQTCVQTDNQYGT8
, is n
h re
hole
spec
äKUCEVKXCVGFYKVJFKHHGTGPVXQNVCIGU5JQWNFCHCWNVDGFG
es, in part or in w
t to the co
VGEVGFKPVJGEWTTGPVVTCEMVQVJGDNQYGTOQVQTKVYKNNDGUVQTGF
KPVJGHCWNVOGOQT[

rrectness of i
l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

6GUVKPIVJGEWTTGPVVTCEMVQOCIPGVKEEQWRNKPI0

t6JGEWTTGPVVTCEMKUVGUVGFHTQOEQPPGEVQT6DXKCGXCRQ

TCVQTVGORGTCVWTGUYKVEJ'VQDGJKPFCKTEQPFKVKQPKPIU[U

VGORTGUUWTGUYKVEJ(5JQWNFCHCWNVDGFGVGEVGFKVYKNN

DGUVQTGFKPVJGHCWNVOGOQT[
0QVG

+HFWTKPIVJGUWDUGSWGPVKPVGTTQICVKQPQHVJGHCWNVOGOQT[

2CIGPQHCWNVKUFGVGEVGFGXGPVJQWIJVJGOCIPGVKEEQW
RNKPIKUPQVDGKPICEVKXCVGFFWTKPIEQQNKPIQRGTCVKQPVJGPEJGEM
YKTKPIHTQOCKTEQPFKVKQPGTRTGUUWTGUYKVEJ(XKC(CPF
,VQOCIPGVKEEQWRNKPIWUKPIEWTTGPVHNQYFKCITCO

4GCFOGCUWTGFXCNWGDNQEM

0QVGU

wage

t&WTKPIVJGHWPEVKQP4GCFOGCUWTKPIXCNWGDNQEMVJG%NKOC
lks es n
y Vo ot g
VTQPKETGIWNCVKQPKUKPQRGTCVKQP
d b ua
ran
o
ir se
tee
t6JGTGCTGFKURNC[ITQWRUGCEJYKVJOGCUWTKPIXCNWGU
u th
or
s a
ac
st6QTGCFQHHVJGOGCUWTKPIXCNWGUYJKNUVFTKXKPICPFOGEJCPKE
ce
e
nl
KUTGSWKTGF
pt
du
an
itte

y li
ä%QPPGEVHCWNVTGCFGT8#)CPFKPRWVCFFTGUUYQTF
erm
ab
#KTEQPFKVKQPGT*GCVKPIGNGEVTQPKEUCPFVJGPRTGUUMG[WPVKN
ility
ot p
5GNGEVHWPEVKQP::KUUJQYPKPFKURNC[ 2CIG
wit
, is n
h re

hole
HWPEVKQPUGNGEVKQP
spec
4CRKFFCVCVTCPUHGT
es, in part or in w

t to the co

ä2TGUUMG[UCPF
KPKVKCVGUVJG4GCFOGCUWTGFXCNWG
5GNGEVHWPEVKQP::
DNQEMHWPEVKQP

rrectness of i

4CRKFFCVCVTCPUHGT

l purpos

ä4GCFOGCUWTGFXCNWGDNQEM

nform
ercia
3

4GCFOGCUWTKPIXCNWGDNQEM +PFKECVGFQPFKURNC[
m
at
om

ion
+PRWVFKURNC[ITQWRPWODGT::
c
in t
or

his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

6CDNGQHUGNGEVCDNGFKURNC[ITQWRPWODGTU

&KURNC[ITQWR &KURNC[\QPG &GUKIPCVKQP
PWODGT
6GUVTGUWNVQHCODKGPVCKTVGORGTC
VWTGUGPUQT)
6GUVTGUWNVQHHTQPVXGPVVGORGTCVWTG
UGPFGT)
6GUVTGUWNVQHFCUJRCPGNVGORGTC
VWTGUGPUQT)
6GUVTGUWNVQHCKTEQPFKVKQPKPIU[UVGO
EQQNCPVVGORGTCVWTGUGPFGT)
5RGGFUKIPCNHTQOURGGFUGPFGT
)QTURGGFUGPFGT)
6GUVTGUWNVQHUWPNKIJVRGPGVTCVKQP
RJQVQUGPUQT)
4GHGTGPEGXQNVCIG
UWRRN[HQTUGP
UQTU)))CPF
)
8QNVCIGUWRRN[
VGTOKPCN
5YKVEJRQUKVKQPQHGXCRQTCVQTVGO
RGTCVWTGUYKVEJ'
5YKVEJRQUKVKQPQHCKTEQPFKVKQPKPI
U[UVGORTGUUWTGUYKVEJ(
%QPFKVKQPGTTGCFKPGUUGPIKPGUVCTV
TGEQIPK\GF
#KTEQPFKVKQPKPIU[UVGOEWVQHHD[
MKEMFQYPUYKVEJ

6GORGTCVWTGHNCRRQUKVKQP
%GPVTCNHNCRRQUKVKQP
(QQVYGNNFGHTQUVHNCRRQUKVKQP5YKVEJ
RQUKVKQPQHXCNXGDNQEM0
HTGUJ
gen AG. Volkswagen AG dCKTTGEKTEWNCVKPICKTHNCRCPFEGPVTCN
wa oes
olks XGPVU
not
byV gu
ara
d
rise #WZKNKCT[YCVGTJGCVGT
nte
o eo
aut
h 5YKVEJRQUKVKQPQHDNQYGTTGNC[
ra
s c
s ,
ce
e
nl
5YKVEJRQUKVKQPQHEQQNCPVTGEKTEWNC
pt
du
an
VKQPRWOR8
itte
y li
erm
ab
5KIPCNHTQOVGTOKPCN:
ility
ot p
6GUVTGUWNVQHTGCTGXCRQTCVQTVGO
wit
, is n
RGTCVWTGUGPFGT)
h re
hole
5YKVEJRQUKVKQPQHEQQNCPVEKTEWKVUQ
spec
NGPQKFXCNXG0
es, in part or in w
t to the co
6GUVTGUWNVQHTGCTJGCVGZEJCPIGT
VGORGTCVWTGUGPFGT)
5YKVEJRQUKVKQPQHCFFKVKQPCNJGCV
rrectness of i
GZEJCPIGTXCNXGU0
l purpos
8QNVCIGCVHTGUJCKTDNQYGT8
8QNVCIGCVTGCTYCTOCKTDNQYGT
8
nform
ercia
8QNVCIGCVTGCTGXCRQTCVQTDNQYGT
m
at
8
om
io
&KURNC[KUQHPQEQPUGSWGPEGHQT
n
c
in t
or
UGTXKEGRWTRQUGU
his
ate

do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

3

4GCFOGCUWTGFXCNWGDNQEM +PFKECVGFQPFKURNC[

5RGEKHKECVKQPU 6GUVVCDNG

0QVGU

t&GEQFKPIVJGHKIWTGUKPVJGKPFKXKFWCNFKURNC[\QPGU 6GUV

VCDNG2CIG
t9KVJVJGRTKPVGTUYKVEJGFQPVJGKPHQTOCVKQPQPVJGFKURNC[YKNN
DGRTKPVGFQWV

t+HVJGURGEKHKECVKQPUCTGCVVCKPGFKPCNNFKURNC[\QPGU

ä2TGUUMG[

HWPEVKQPUGNGEVKQP

4CRKFFCVCVTCPUHGT

gen AG
. Volkswagen AG

0QVG
swa does
5GNGEVHWPEVKQP:: y Vol

k not
gu
ed b #HVGTEQORNGVKPIVJG4GCFOGCUWTGFXCNWGDNQEMHWPEVKQPKPVGT
ara
nte
ris
ut
ho TQICVGHCWNVOGOQT[ 2CIG eo
a ra
ss c
ce
le
un
pt
an
d
itte
y li
erm
ab
ility
ot p
wit
is n
h re
ole,
spec
t to the co
rrectness o
cial p
f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
o Vo

by c lksw
cted agen
Prote AG.

6GUVVCDNG

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU 8#) 4GEVKH[KPIHCWNV
PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
6GUVTGUWNVQHCO &KURNC[GFXCNWG ä%JGEMYKTKPICPFEQPPGEVQTUCE
DKGPVVGORGTCVWTG GSWCVGUVQVGORGTCVWTG u% EQTFKPIVQEWTTGPVHNQYFKCITCO
UGPUQT) UGPUQTUWTTQWPFKPICKT 4GPGY)
6GUVTGUWNVQHHTQPV &KURNC[GFXCNWG ä%JGEMYKTKPICPFEQPPGEVQTUCE
XGPVVGORGTCVWTG GSWCVGUVQVGORGTCVWTG u% EQTFKPIVQEWTTGPVHNQYFKCITCO
UGPFGT) UGPUQTUWTTQWPFKPICKT 4GPGY)
6GUVTGUWNVQHFCUJ &KURNC[GFXCNWG ä%JGEMYKTKPICPFEQPPGEVQTUCE
RCPGNVGORGTCVWTG GSWCVGUVQVGORGTCVWTG u% EQTFKPIVQEWTTGPVHNQYFKCITCO
UGPUQT) UGPUQTUWTTQWPFKPICKT 4GPGY)
6GUVTGUWNVQHCKT &KURNC[GFXCNWG ä%JGEMYKTKPICPFEQPPGEVQTUCE
EQPFKVKQPKPIU[U GSWCVGUVQUWTTQWPFKPI u% EQTFKPIVQEWTTGPVHNQYFKCITCO
VGOEQQNCPVVGO VGORGTCVWTGCVUGPUQT 4GPGY)
RGTCVWTGUGPFGT

)

+PXGJKENGU4VJG%NKOCVTQPKEEQPVTQNWPKV,VJGQRGTCVKPICPFFKURNC[WPKV'CPFVJGFCUJ
RCPGNVGORGTCVWTGUGPUQT)YKVJDNQYGTHQTVGORGTCVWTGUGPUQT8HQTOCEQORQPGPVYJKEJECPPQVDG
FKUOCPVNGF

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU
8#) 4GEVKH[KPIHCWNV
PWODGT \QPG FKU
RNC[URGEK
agen AG. Volkswagen AG d
oes
HKECVKQP
5RGGFUKIPCNHTQO ksw
Vol &KURNC[GFXCNWG gu ä%JGEMYKTKPICPFEQPPGEVQTUCE
not
y
TQCFURGGFUGPFGTdb GSWCVGUVQTQCF ara
MOJ
rise nte EQTFKPIVQEWTTGPVHNQYFKCITCO
ho
)QTHTQOURGGF
aut URGGF eo
r a 4GPGY)
QPN[YJGPVJG
UGPFGT)
ss c
URGGFQOGVGT)FKURNC[UPQ
ce
e
nl
pt
URGGF
du
an
itte
4GRCKTITQWR5GTXKEKPI
y li
erm
ab
FCUJRCPGNKPUGTV
ility
ot p
4GPGY)
wit
, is n
h re
4GRCKTITQWR5GTXKEKPI
hole
spec
FCUJRCPGNKPUGTV
es, in part or in w
/GCUWTGOGPVXCNWG &KURNC[GFXCNWGKUFG ä%JGEMYKTKPICPFEQPPGEVQTUCE

t to the co
QHUWPNKIJVRGPGVTC RGPFGPVWRQPNKIJVKP EQTFKPIVQEWTTGPVHNQYFKCITCO

VKQPRJQVQUGPUQT VGPUKV[ 4GPGY)
rrectness of i
)
FCTM
l purpos
%QPV NKIJV

6JGFKURNC[GFURGGFUKIPCNXCNWGXCTKGUCEEQTFKPIVQIGCTDQZCPFV[TGQRVKQPU5RGGFUKIPCNKUWUGFQPN[VQ
nf
ercia
or
UJQYVJCVJCNNUGPFGTKUHWPEVKQPKPI
m
m
atio

om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU
8#) 4GEVKH[KPIHCWNV
PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
4GHGTGPEGXQNVCIG &KURNC[GFXQNVCIGNKGU ä%JGEMYKTKPICPFEQPPGEVQTUCE

UWRRN[KPIUGPUQTU DGVYGGP8QNVCPF 8 EQTFKPIVQEWTTGPVHNQYFKCITCO
)) 8QNV
)CPF)
5WRRN[XQNVCIG &KURNC[GFXCNWG ä%JGEMYKTKPICPFEQPPGEVQTUCE

%NKOCVTQPKEEQP GSWCVGUVQDCVVGT[ 8 EQTFKPIVQEWTTGPVHNQYFKCITCO
VTQNWPKVEQPPGEVQT XQNVCIG %JGEMCNVGTPCVQT
6G %WTTGPVHNQYFKCITCOU'NGE
VTKECNHCWNVHKPFKPICPF(KVVKPINQ
ECVKQPUDKPFGT

PWODGT \QPG FKU
n AG. Volkswagen AG do RNC[URGEK
lkswage es n
byV
o ot g
uara
HKECVKQP
ed
5YKVEJRQUKVKQPQH nte
oris eo
uth
GXCRQTCVQTVGORGTC ENQUGF r
a ac
ssVWTGUYKVEJ'
ce
e
nl
QRGP
pt
du
an
itte
ä&KURNC[KPFKURNC[
y li
erm
ab
%QPV OGCPUEJGEMCVOQOGPV
ility
ot p
KUPQVRQUUKDNGDGECWUG
wit
, is n
h re
VJGCKTEQPFKVKQPKPIU[U
hole
spec
VGOKUPQVUYKVEJGFQP
es, in part or in w

EQPFKVKQPKPIU[UVGOPQV
t to the co
TGCF[VJGCODKGPVVGO
RGTCVWTGKUDGNQYu%
rrectness of i
QT)KUFGHGEVKXG

l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
5YKVEJRQUKVKQPQH ä4GHTKIGTCPVEKTEWKV KPFKECVGFQP
CKTEQPFKVKQPGT HCWNVHTGG DCTDCTUYKVEJRCTVQRGP
RTGUUWTGUYKVEJ %QPFGPUGTEQQNKPIKU DCTUYKVEJRCTVQRGP6JGTGHTKIGT
( UWHHKEKGPV
DCT CPVEKTEWKVKUGORV[CPFOWUVDG
DCTUYKVEJRCTV VCMGPVQCURGEKCNKUVYQTMUJQR
ENQUGFDCT
UYKVEJRCTVQRGP
ä4GHTKIGTCPVEKTEWKV KPFKECVGFQP
%QPV HCWNVHTGG DCTDCTUYKVEJRCTVQRGP
4CFKCVQTHCPKPETGCUGF DCTUYKVEJRCTVENQUGF%QPFGPUGT
QWVRWVUVCIGJCU EQQNKPIKPUWHHKEKGPV
UQKNGFKHPQV
UYKVEJGFQP
VJGTGHTKIGTCPVEKTEWKVKUQXGT
DCTDCTUYKVEJ EJCTIGFCPFXGJKENGOWUVDGVCMGP
RCTVENQUGFDCT VQURGEKCNKUVYQTMUJQR
UYKVEJRCTVENQUGF

6JGNGHVHKIWTGKPHQTOUQHUYKVEJRCTVDCTDCTUYKVEJRQUKVKQPVJGTKIJVHKIWTGKPHQTOUQHUYKVEJRCTV
DCTUYKVEJRQUKVKQP
ENQUGFQRGP

agen AG
AG. V 6GUVEQPFKVKQPU olksw
)TQWR &KURNC[ &GUKIPCVKQP agen does 8#) 4GEVKH[KPIHCWNV
lksw not
PWODGT \QPG by Vo gu
ara FKU
d
rise nte RNC[URGEK
ho e
ut or HKECVKQP
ac
sa
s KPFKECVGFQP
ce
e
nl
pt
%JGEMKPIVJGDCTDCTUYKVEJ
du
an
itte
RCTVKUPQVRQUUKDNGCVVJGOQOGPV
y li
erm
ab
DGECWUGVJGCKTEQPFKVKQPKPIU[U
ility
ot p
VGOKUPQVUYKVEJGFQP
EQPFKVKQP
wit
, is n
KPIU[UVGOPQVTGCF[QTVJGVGO
h re
hole
RGTCVWTGUYKVEJ'KUQRGP
spec
es, in part or in w
%QPFGPUGTEQQNKPIKUUWHHKEKGPV
t to the co
KPFKECVGFQP
%QPV %JGEMKPIVJGDCTDCTUYKVEJ
RCTVKUPQVRQUUKDNGCVVJGOQOGPV
rrectness of i
DGECWUGVJGCKTEQPFKVKQPKPIU[U
l purpos
VGOKUPQVUYKVEJGFQP
EQPFKVKQP
KPIU[UVGOPQVTGCF[QTVJGVGO
RGTCVWTGUYKVEJ'KUQRGP4C
nform
ercia
FKCVQTHCPKPETGCUGFQWVRWVUVCIG
m
at
JCUUYKVEJGFQP
om
ion

c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
#KTEQPFKVKQPGT ä%QPFKVKQPGTTGCFKPGUU ä+HVJGGPIKPGUVCTVKUPQVTGEQI
%QPV TGCFKPGUUGPIKPG TGEQIPK\GFCPFGP PK\GFEJGEMYKTKPIHTQOVGTOKPCN
UVCTVTGEQIPK\GF IKPGUVCTVGF :VQEQPPGEVQT6CQPEQP
%QPFKVKQPGTTGCFKPGUU VTQNWPKV
TGEQIPK\GFCPFGP
IKPGPQVUVCTVGF
%QPFKVKQPGTTGCFKPGUU
PQVTGEQIPK\GFCPF
GPIKPGPQVUVCTVGF
%QPFKVKQPGTTGCFKPGUU
PQVTGEQIPK\GFCPF
GPIKPGUVCTVGF

#KTEQPFKVKQPGTYKNNDGTGEQIPK\GFKHXQNVCIGKUGUVCDNKUJGFCVEQPPGEVQT6C

6JGOCIPGVKEEQWRNKPI0YKNNQPN[DGUYKVEJGFQPYJGPVJGGPIKPGUVCTVKUTGEQIPK\GF

6JGNGHVHKIWTGKPHQTOUQHYJGVJGT%NKOCVTQPKEKUUYKVEJGFQP
%NKOCVTQPKEQP%NKOCVTQPKEQHH6JG
TKIJVHKIWTGKPHQTOUQHYJGVJGTVJGGPIKPGKUUVCTVGF
'PIKPGUVCTVGF'PIKPGPQVUVCTVGF

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
is nte
)TQWR &KURNC[hor &GUKIPCVKQP 6GUVEQPFKVKQPU eo 8#) 4GEVKH[KPIHCWNV
ut ra
PWODGT \QPG
ss a c FKU
RNC[URGEK
ce
e
nl
pt
du
HKECVKQP
an
itte
y li
#KTEQPFKVKQPKPI ä-KEMFQYPUYKVEJ KPFKECVGFQP

erm
ab
U[UVGOEWVQWVD[ %JGEMYKTKPIHTQOCWVQOCVKEIGCT

ility
QRGTCVGF
HWNNVJTQV
ot p
MKEMFQYP
wit
DQZEQPVTQNWPKV,VQ%NKOC
, is n
VNGXGJKENGUYKVJ
h re
CWVQOCVKEIGCTDQZ VTQPKEEQPVTQNWPKV,

hole
spec
-KEMFQYPUYKVEJPQV 4GPGYEQPVTQNWPKV,KHPGE
es, in part or in w
GUUCT[
t to the co
QRGTCVGFXGJKENGU
YKVJCWVQOCVKEIGCT
DQZ
rrectness of i
8GJKENGUYKVJOCPWCN
l purpos
IGCTDQZ

6JGNGHVHKIWTGKPHQTOUQHVJG-KEMFQYPUYKVEJRQUKVKQP
ENQUGFQRGPVJGTKIJVHKIWTGKPHQTOUQP
nf
ercia
IGCTDQZV[RG
CWVQOCVKEIGCTDQZ/CPWCNIGCTDQZ+HCIGCTDQZQVJGTVJCPKPFKECVGFKUKPUVCNNGF
orm
VJGPEJGEMYKTKPICEEQTFKPIVQEWTTGPVHNQYFKCITCO
m
atio
m

o
%JGEMKPIKUQPN[RQUUKDNGYJGPXGJKENGKUDGKPIFTKXGP
n in
or c

thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
2QUKVKQPQHVGORGTC ä/CZKOWOJGCVGTQWV ä%JGEMYKTKPIHTQO%NKOC
%QPV VWTGHNCR RWV*+UGNGEVGF
XKC VTQPKEEQPVTQNWPKV,
DWVVQPYCTOGTKP VQVGORGTCVWTGHNCR)
FTKXGT UEQORCTVOGPV RQUKVKQPKPIOQVQTRQVGP
/KPKOWOJGCVGTQWVRWV VKQOGVGT
.1UGNGEVGF
XKCDWV %JGEMGPFRQUKVKQPQHKP
VQPEQQNGTKPFTKXGT U UVCNNGFRQUKVKQPKPIOQVQT
EQORCTVOGPV 8CPFCFLWUV
2CIG
4GPGYVGORGTCVWTGHNCRRQ
UKVKQPKPIOQVQT8
AG. Volkswagen AG d

agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
u
s a ra
c
s

ce
le
un
pt

an
d
itte
PWODGT \QPG FKU

y li
erm
ab
RNC[URGEK
ility
ot p
HKECVKQP
wit
is n
2QUKVKQPQHEGPVTCN
h re
ä&GHTQUVQHYKPFUETGGP ä%JGEMYKTKPIHTQO%NKOC
ole,
%QPV HNCR

spec
UGNGEVGF
XKCFGHTQUV VTQPKEEQPVTQNWPKV,
DWVVQP VQEGPVTCNHNCRRQUKVKQPKPI

t to the co
#KTEWTTGPVVQHQQVYGNNUG OQVQTRQVGPVKQOGVGT

NGEVGF
XKCCKTEWT )
rrectne
TGPVUVQHQQVYGNNDWV %JGEMGPFRQUKVKQPQHKP
VQP UVCNNGFRQUKVKQPKPIOQVQT
s
#KTEWTTGPVUVQWRRGT 8CPFCFLWUV
s o
DQF[UGNGEVGF
XKCCKT
cial p
2CIG
inform
EWTTGPVUVQWRRGTDQF[ 4GPGYEGPVTCNHNCRRQUKVKQP
mer
DWVVQP KPIOQVQT8
atio
om

c
#KTEWTTGPVUOWUVPQVDGUGVVQCPQVJGTFKTGEVKQP
i
or
n thi
e

t
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
2QUKVKQPQHHQQV ä9KPFUETGGPFGHTQUVUG ä%JGEMYKTKPIHTQO%NKOC
%QPV YGNNFGHTQUVHNCR NGEVGF
XKCFGHTQUV VTQPKEEQPVTQNWPKV,
DWVVQP VQHQQVYGNNFGHTQUVHNCR
#KTEWTTGPVUVQHQQVYGNN RQUKVKQPKPIOQVQTRQVGP
UGNGEVGF
XKCCKTEWT VKQOGVGT)
TGPVUVQHQQVYGNNDWV 4GPGYHQQVYGNNFGHTQUVHNCR
VQP RQUKVKQPKPIOQVQT8

#KTEWTTGPVUOWUVPQVDGUGVVQCPQVJGTFKTGEVKQP
lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte

y li
erm
ab

ility
ot p

wit
, is n
PWODGT \QPG FKU

h re
hole
RNC[URGEK
spec
HKECVKQP
es, in part or in w
t to the co
8CNXGUVTKR0 ä4GEKTEWNCVKPICKTDWVVQP ä%JGEMYKTKPIHTQO%NKOC

UYKVEJRQUKVKQP RTGUUGFCPFDWVVQPHQT VTQPKEEQPVTQNWPKV,

HTGUJ CKTHNQYVQWRRGTDQF[ VQXCNXGUVTKR0
rrectness of i
CKTTGEKTEWNCVKPICKT PQVRTGUUGF 4GPGYXCNXGUVTKR0

l purpos
HNCRCPFEGPVTGXGPV 4GEKTEWNCVKPICKTDWVVQP

PQVRTGUUGFCPFDWVVQP
nf
ercia
HQTCKTHNQYVQWRRGT
orm
DQF[RTGUUGF
m
atio
m
4GEKTEWNCVKPICKTDWVVQP
o
n in
or c
RTGUUGFCPFDWVVQPHQT
thi
te
sd
CKTHNQYVQWRRGTDQF[
iva
o
r
rp
cu
PQVRTGUUGF
o
m
f
en
ng
yi 4GEKTEWNCVKPICKTDWVVQP t.
Co
op
RTGUUGFCPFDWVVQPHQT
C py
t. rig
gh
CKTHNQYVQWRRGTDQF[
ht
pyri by
Vo
co
RTGUUGF
by lksw
cted agen
Prote AG.

PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
#FFKVKQPCNYCVGT ä#FFKVKQPCNYCVGTJGCVGT ä%JGEMYKTKPIHTQOVGTOK
JGCVGT QRGTCVKPI PCN:VQ%NKOCVTQPKEEQP
#FFKVKQPCNYCVGTJGCVGT VTQNWPKVEQPVCEV6C
PQVQRGTCVKPI
5YKVEJRQUKVKQPQH ä%NKOCVTQPKEUYKVEJGF ä%JGEMYKTKPIHTQO%NKOC
%QPV DNQYGTTGNC[, QPCPFCFFKVKQPCNYCVGT VTQPKEEQPVTQNWPKVEQPVCEV
JGCVGTPQVQRGTCVKPI 6DXKCTGNC[
%NKOCVTQPKEUYKVEJGFQHH ,VQGCTVJ
QTCFFKVKQPCNYCVGT
JGCVGTQRGTCVKPI

6JKUFKURNC[\QPGEJGEMUYJGVJGTVJGCFFKVKQPCNYCVGTJGCVGT
QRVKQPCNGSWKROGPVKUUYKVEJGFQP

6JGCFFKVKQPCNYCVGTJGCVGTQRGTCVKPIEQPFKVKQPCRRGCTUKPFKURNC[ITQWRPWODGTFKURNC[\QPG
lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

hole
spec

es, in part or in w
PWODGT \QPG FKU

t to the co
RNC[URGEK
HKECVKQP
rrectness of i
5YKVEJRQUKVKQPQH ä/CZKOWOJGCVGTQWV ä%JGEMYKTKPIHTQO%NKOC

EQQNCPVEKTEWNCVKQP RWV*+UGNGEVGF
XKC VTQPKEEQPVTQNWPKVEQPVCEV
l purpos
RWOR8 YCTOGTDWVVQPKP 6GXKCEQQNCPVEKTEW

FTKXGT UEQORCTVOGPV NCVKQPRWOR8VQ
nform
ercia
/KPKOCNJGCVGTQWVRWV GCTVJ
m
.1UGNGEVGF
XKC 4GPGY8
at
om
io
EQQNGTDWVVQPKP
n
c
in t
or
FTKXGT UEQORCTVOGPV
his
ate
5KIPCNHTQOVGTOKPCN ä+IPKVKQPUYKVEJGFQP
do
riv
ä%JGEMYKTKPIHTQOVGTOK
p
cum
%QPV :
or
#FFKVKQPCNYCVGTJGCVGT PCN:VQ%NKOCVTQPKEEQP
f
en
ng
QRGTCVKPI
t.
op
yi Co
py VTQNWPKVEQPVCEV6C
C

. rig
6JGCFFKVKQPCNYCVGTJGCVGTQRGTCVKPIEQPFKVKQPCRRGCTUKPFKURNC[ITQWRPWODGTFKURNC[\QPG
t
gh ht
yri by
cop Vo
by lksw
cted agen
Prote AG.

PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
6GUVTGUWNVQHTGCT &KURNC[GFXCNWGGSWCVGU ä%JGEMYKTKPICPFEQPPGE
GXCRQTCVQTVGORGTC VQVGORGTCVWTGUGPUQT u% VKQPUCEEQTFKPIVQEWTTGPV
VWTGUGPFGT) UWTTQWPFKPICKTVGORGTC HNQYFKCITCO
VWTG 4GPGY)
5YKVEJRQUKVKQPQH ä8GJKENGGPIKPGTWPPKPI ä%JGEMYKTKPIHTQOVGTOK
EQQNCPVEKTEWKVUQNG
#ODKGPVVGORGTCVWTG CV PCNXKCUQNGPQKFXCNXG
PQKFXCNXG0 NGCUVu% 0VQ%NKOCVTQPKEEQP
/KPKOCNJGCVGTQWVRWV VTQNWPKVEQPVCEV6G
.1UGNGEVGF
XKC 4GPGY0
EQQNGTDWVVQPKP
FTKXGT UEQORCTVOGPV
ä/CZKOWOJGCVGTQWV ä%JGEMYKTKPIHTQOVGTOK
%QPV RWV*+UGNGEVGF
XKC PCNXKCUQNGPQKFXCNXG
YCTOGTDWVVQPKP 0VQ%NKOCVTQPKEEQP
FTKXGT UEQORCTVOGPV VTQNWPKVEQPVCEV6G
4GPGY0

6QTGEGKXGCEQTTGEVTGUWNVVJKUVGUVOWUVQPN[DGWPFGTVCMGPYJGPVJGQRGTCVKPICPFFKURNC[WPKVFKURNC[
UJQYUCPCODKGPVVGORGTCVWTGQHCVNGCUVu%

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w

t to the co

PWODGT \QPG FKU
RNC[URGEK
rrectness of i
HKECVKQP
l purpos
6GUVTGUWNVQHTGCT &KURNC[GFXCNWGGSWCVGU ä%JGEMYKTKPICPFEQPPGE

JGCVGZEJCPIGTVGO VQVGORGTCVWTGUGPUQT u% VKQPUCEEQTFKPIVQEWTTGPV
nf
ercia
RGTCVWTGUGPFGT UWTTQWPFKPICKTVGORGTC HNQYFKCITCO

or
) VWTG
m
4GPGY)
m
atio
m
5YKVEJRQUKVKQPQH ä/KPKOCNJGCVGTQWVRWV ä%JGEMYKTKPIHTQOVGTOK

o
n in
or c
CFFKVKQPCNJGCVGZ .1UGNGEVGF
XKC PCNXKCXCNXG0
thi
te
sd
EJCPIGTXCNXG
a
EQQNGTDWVVQPKP VQ%NKOCVTQPKEEQPVTQNWPKV
iv
o
r
rp
cu
0 FTKXGT UEQORCTVOGPV EQPVCEV6G

o
m
f
en
ng
/CZKOWOJGCVGTQWVRWV 4GPGY0
i t.
py Co
Co
*+UGNGEVGF
XKC
py
ht. rig
rig ht
YCTOGTDWVVQPKP
py by
co Vo
by lksw
Prote
cted FTKXGT UEQORCTVOGPV
AG.
agen

PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
8QNVCIGCVHTGUJCKT ä8GJKENGGPIKPGTWPPKPI CRRTQZ ä%JGEMYKTKPICPFEQPPGE
%QPV DNQYGT8 &KURNC[HQTUGNGEVGFKPVG 8 VKQPUCEEQTFKPIVQEWTTGPV
TKQTVGORGTCVWTGVQ HNQYFKCITCO
OCZKOWOJGCVGTQWV
RWV*+
UGNGEVGFXKC
YCTOGTDWVVQPKP
FTKXGT UEQORCTVOGPV
(TGUJCKTDNQYGT8VQ
OCZKOWOQWVRWV
UG
NGEVGFXKCDNQYGT
HCUVGTDWVVQPKP
FTKXGT UEQORCTVOGPV
lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

)TQWR &KURNC[ &GUKIPCVKQP 8#) 6GUVEQPFKVKQPU
4GEVKH[KPIHCWNV
rrectness of i
PWODGT \QPG FKU

RNC[URGEK
l purpos
HKECVKQP
8QNVCIGCVTGCTYCTO ä8GJKENGGPIKPGTWPPKPI CRRTQZ ä%JGEMYKTKPICPFEQPPGE
nf
ercia
%QPV CKTDNQYGT8 &KURNC[HQTUGNGEVGFKPVG 8 VKQPUCEEQTFKPIVQEWTTGPV

orm
m
TKQTVGORGTCVWTGVQ HNQYFKCITCO
atio
om
OCZKOWOJGCVGTQWV
n in
or c
RWV*+
UGNGEVGFXKC
thi
te
sd
a
YCTOGTDWVVQPKP
iv
o
r
rp
cu
FTKXGT UEQORCTVOGPV
o
m
f
en
ng
t.
9CTOCKTDNQYGT8VQ
op
yi Co
py
OCZKOWOQWVRWV
UG
t. C rig
gh ht
yri
NGEVGFXKCDNQYGT
p by
co Vo
by lksw
HCUVGTDWVVQPKP cted agen
Prote AG.
FTKXGT UEQORCTVOGPV

PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
ä&KURNC[HQTUGNGEVGFKP CRRTQZ8 ä%JGEMYKTKPICPFEQPPGE
%QPV VGTKQTVGORGTCVWTGVQ VKQPUCEEQTFKPIVQEWTTGPV
OKPKOWOJGCVGTQWVRWV HNQYFKCITCO
.1
UGNGEVGFXKC
EQQNGTDWVVQPKP
FTKXGT UEQORCTVOGPV
9CTOCKTDNQYGT8VQ
OKPKOWOQWVRWV
UG
NGEVGFXKCDNQYGT
UNQYGTDWVVQPKP
FTKXGT UEQORCTVOGPV
AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
au ra
ss c
ce
le
un
pt
an
d
itte
y li
erm
ab
ility
ot p

wit
is n
h re
ole,
spec
t to the co

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU 8#) 4GEVKH[KPIHCWNV rrectne
PWODGT \QPG FKU
RNC[URGEK
ss
HKECVKQP
o
cial p
8QNVCIGCVTGCT ä8GJKENGGPIKPGTWPPKPI CRRTQZ ä%JGEMYKTKPICPFEQPPGE

inform
%QPV GXCRQTCVQTDNQYGT 8
mer
&KURNC[HQTUGNGEVGFKPVG VKQPUCEEQTFKPIVQEWTTGPV
atio
8 TKQTVGORGTCVWTGVQ HNQYFKCITCO

om
n
c
OKPKOWOJGCVGTQWVRWV
i
or
n thi
e
.1
UGNGEVGFXKC
t
sd
iva
EQQNGTDWVVQPKP
pr
cum
r
fo
FTKXGT UEQORCTVOGPV
en
ng
t.
yi Co
$NQYGT8VQOCZK
. Cop py
rig
ht
py OWOQWVRWV
UGNGEVGF
rig by
ht
XKCDNQYGTHCUVGTDWV
co Vo
by lksw
cted agen
Prote
VQPKPFTKXGT UEQO
AG.
RCTVOGPV

)TQWR &KURNC[ &GUKIPCVKQP 8#) 4GEVKH[KPIHCWNV 6GUVEQPFKVKQPU
PWODGT \QPG FKU
RNC[URGEK
HKECVKQP
ä&KURNC[HQTUGNGEVGFKP CRRTQZ8 ä%JGEMYKTKPICPFEQPPGE
VGTKQTVGORGTCVWTGVQ VKQPUCEEQTFKPIVQEWTTGPV
OCZKOWOJGCVGTQWV HNQYFKCITCO
RWV*+
UGNGEVGFXKC
YCTOGTDWVVQPKP
FTKXGT UEQORCTVOGPV
$NQYGT8VQOCZK
OWOQWVRWV
UGNGEVGF
XKCDNQYGTHCUVGTDWV
VQPKPFTKXGT UEQO
RCTVOGPV
6JKUFKURNC[KUQHPQEQPUGSWGPEGHQTUGTXKEKPI
lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

'TCUKPIHCWNVOGOQT[GPFKPIQWVRWV

rrectness of i

2TGTGSWKUKVGU

l purpos
l(CWNVOGOQT[JCUDGGPKPVGTTQICVGF

'TCUKPIHCWNVOGOQT[
nform
ercia
ä2TGUUMG[

m
at
om
HWPEVKQPUGNGEVKQP
io
4CRKFFCVCVTCPUHGT
n
c
in t

or

ä2TGUUMG[UCPF
VJGHWPEVKQP'TCUGHCWNVOGOQT[KUGP
his
ate
5GNGEVHWPEVKQP::
do
riv
VGTGFYKVJ
p

um
or

f
en
g
n

t.
4CRKFFCVCVTCPUHGT
yi Co
op

C
py
. rig

t
gh ht
yri
'TCUGHCWNVOGOQT[
by
cop Vo
by lksw
Prote
cted agen
3

AG.

2TGUUMG[
(CWNVOGOQT[KUGTCUGF

3

4CRKFFCVCVTCPUHGT *'.2 +PFKECVGFQPFKURNC[

HWPEVKQPUGNGEVKQP

0QVGU
5GNGEVHWPEVKQP::

3

9CTPKPI t+HVJKUCRRGCTUKPVJGFKURNC[VJGVGUVUGSWGPEGKUHCWNV[

t(QNNQYVGUVUGSWGPEGRTGEKUGN[HKTUVKPVGTTQICVGHCWNVOGOQT[
(CWNVOGOQT[YCUPQVKPVGTTQICVGF
KHPGEGUUCT[GNKOKPCVGHCWNVUVJGPGTCUG

'PFKPIQWVRWV

ä2TGUUMG[UCPFVQGPFVJGQWVRWV


4CRKFFCVCVTCPUHGT

'PFQWVRWV

3

4CRKFFCVCVTCPUHGT *GNR +PFKECVGFQPFKURNC[

ä5YKVEJQHHKIPKVKQP
'PVGTCFFTGUUYQTF::
ä&KUEQPPGEVHCWNVTGCFGT8#)

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w
t to the co
rrectness of i
l purpos
nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

5GTXKEKPIJGCVKPIU[UVGO

9CTPKPI

#NYC[UFKUEQPPGEVVJGDCVVGT[GCTVJUVTCR
DGHQTGYQTMKPIQPVJGGNGEVTKECNU[UVGO
0QVG
$GHQTGFKUEQPPGEVKPIDCVVGT[QDVCKP
TCFKQEQFGHQTTCFKQUYKVJCPVKVJGHV
EQFKPI

ä(KNVGTJQWUKPI

ä&WUVCPFRQNNGPHKNVGT
t6JGRCUUGPIGTEQORCTVOGPV
FWUVCPFRQNNGPHKNVGTKUKFGPVK
ECN

ä4GCTEQPPGEVQT

QPDWNMJGCF
t4GOQXKPICPFKPUVCNNKPI
(KI

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

hole
spec
ä#KTFWEVKPITKIJV
es, in part or in w
t4GRNCEKPI
t to the co
ä4GOQXGINQXGEQORCTVOGPVQT
RCUUGPIGT UUKFGCKTDCIWPKV
rrectness of i
)GPGTCNDQF[TGRCKTU4GRCKT
ITQWR4GOQXKPICPFKPUVCNNKPI
l purpos

nf
ercia
ä&CUJRCPGN
o

rm
m
atio

m
o
n in

c
)TQWR4GOQXKPICPFKPUVCNNKPI
or
thi

e
FCUJRCPGN
t
sd
iva
o
r

rp
cu
o
m
f
ä4KIJVXGPV
en
ng
t.
yi Co
. Cop t4GOQXKPICPFKPUVCNNKPI
py
(KI
t rig
gh ht
yri by

cop Vo
by lksw
cted
ä#KTFWEVKPIEGPVTG
agen
Prote AG.
t4GRNCEKPI
ä4GOQXGJGCVGTWPKV

ä%GPVTCNXGPVJQWUKPI
t4GOQXKPI (KI

ä%GPVTCNXGPV
t4GOQXKPI (KI

ä6YQYC[XCNXGHQTTGCTHTGUJ
CPFTGEKTEWNCVKPICKTHNCR0

t%CROWUVDGRGTOGCDNGVQCKT

t8CEWWOJQUGEQPPGEVKQPFKC
ITCO 2CIG
t4GRNCEKPI
ä4GOQXGINQXGEQORCTVOGPV
MPGGRCFFKPIQTRCUUGPIGT
UKFGCKTDCIWPKV
RCUUGPIGTUKFGCKTDCIWPKV

ä%CTTKGT

ä6TKORCPGN

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab

ility
ot p
ä(QQVYGNNXGPVEQPUQNG
wit
, is n
t4GOQXKPI (KI
h re
hole
t4GRNCEKPI
spec
ä4GOQXGTCFKQ
es, in part or in w
t to the co
ä4GOQXGEGPVTCNXGPV

ä9CVGTFTCKPXCNXG
rrectness of i
t6JGXCNXGUOWUVPQVDG

l purpos
DNQEMGFYCVGTFTCKP

ä9CVGTFTCKPRKRG
nform
ercia

m
at
ä+PVGTOGFKCVGRKGEGFGHTQUV
om
io

n
t4GRNCEKPI
c
in t
or
ä4GOQXGJGCVGTWPKV
his
ate

do

priv
cum

or
ä(TGUJCKTDNQYGT8
f
en
ng
t4GOQXKPI (KI
t.
yi Co
op

C py
t. rig
gh ht
copyri ä8CEWWOWPKVHQTHTGUJCPFTGEKT
by
Vo
EWNCVKPICKTHNCR
by lksw
cted agen
Prote AG.
t8GPVKNCVGF(TGUJCKTQRGTCVKQP
ITCO 2CIG
t4GOQXKPI (KI

ä5GTKGUTGUKUVCPEGHQTHTGUJCKT
DNQYGTYKVJQXGTJGCVKPIHWUG
0
t4GOQXKPI (KI

ä*GCVGTWPKV
t4GRNCEKPI
UKFGCKTDCIWPKV

ä4GOQXGTKIJVJCPFCKTFWEVKPI
ä&KUEQPPGEVHTGUJCKTCPF
JGCVGFCKTEQPVTQNU
ä4GOQXGHQQVYGNNXGPVEQPUQNG
VTKO
ä5GCNJGCVGZEJCPIGTVQRTG
XGPVEQQNCPVHTQOTWPPKPIQWV
ä&GVCEJECDNGUQPEQPVTQN
XCNXG
ä4GOQXGJGCVGTWPKV 2CIG

t&KUOCPVNKPICPFCUUGODNKPI
JGCVGTWPKV 2CIG
0QVG
#NYC[UTGPGYEQQNCPV
AG. Volkswagen AG d

agen oes
olksw not
yV gu
db ara
rise nte
tho eo
u
s a ra
c
s

ce
le
un
pt
ä%CDNGU
an
d
itte
y li
t+PUVCNNKPICPFCFLWUVKPIECDNGU
erm
ab
2CIG
ility
ot p
wit

is n
h re
ä(TGUJCKTCPFJGCVGFCKTEQPVTQNU
ole,
spec
t8GJKENGU4
t9KVJHTGUJCKTDNQYGTUYKVEJ
t to the co
'

t9KVJHTGUJCPFTGEKTEWNCVKPICKT

HNCRUYKVEJ' rrectne
(KI
ss
o
cial p
f in
2CIG
form
mer
atio
2CIG
om
n
c

i

or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

t8GJKENGU4
'
HNCRUYKVEJ'
t9KVJDWKNVKPUYKVEJHQTTGCT
CFFKVKQPCNJGCVGZEJCPIGTCPF

EQPVTQN'

(KI
2CIG
2CIG

ä%QQNCPVJQUG
t(QTEQORNGVGJQUGTQWVKPI
FKCITCO
5GGTGNGXCPVGPIKPGCUUGODN[
ITQWR/GEJCPKEU4GRCKTITQWR

ä4GIWNCVKPIXCNXG
t4GOQXKPI (KI

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho ä%QQNCPVJQUGU eo
ut ra
ss a
t(QTEQORNGVGJQUGTQWVKPI c
FKCITCO
ce
e

nl
pt
du
5GGTGNGXCPVGPIKPGCUUGODN[
an

itte
y li
ITQWR/GEJCPKEU4GRCKTITQWR
erm

ab
ility

ot p

wit

, is n

ä%NKR h re
hole
spec

es, in part or in w
ä4KIJVXGPV
t to the co
(KI

rrectness of i

ä#KTFWEVKPINGHV
l purpos
t4GRNCEKPI
ä4GOQXGTGNC[RNCVGEQXGT
nform
ercia
CPFVTKO
m
at
om
ä&KUOCPVNGCPFTGOQXGCKT
on
c
in t
FWEVKPI
or
his
e

at
do
riv
ä&GHTQUVGTXGPV
p
cum
for
ä.GXGTQWVYKVJUETGYFTKXGT
en
ng
i t.
py Co
. Co py
rig
ä#KTKPVCMGITKNNG
ht
rig ht
py by

o Vo
by c lksw
cted agen
Prote AG.

3

(KI4GOQXKPICPFKPUVCNNKPIEQPPGEVKPIRKGEG

ä$QPPGVKPUGTV

ä$WNMJGCF

ä%QPPGEVKPIRKGEG
ä*GZCIQPUQEMGVJGCFEQODKDQNV
0O

4GOQXKPI

ä4GOQXGFWUVCPFRQNNGPHKNVGT 2CIG

ä4GOQXGUETGYUCTTQYU

+PUVCNNKPI
+PUVCNNKPTGXGTUGQTFGTYJGPFQKPIVJKUGPUWTGVJCVVJGEQPPGEV
KPIRKGEGKVGOKUPQVKPUGTVGFKPVJGDWNMJGCFCVCPCPING

3 (KI4GOQXKPICPFKPUVCNNKPIXGPV

4GOQXKPI

ä2WNNITKNNQWVECTGHWNN[YKVJRQKPVGFRNKGTU

ä4GOQXGUETGY
ä4GNGCUGNQEMKPIRKGEGUCTTQYU

ä4GOQXGXGPVJQWUKPI

+PUVCNNKPI
AG. Volkswagen AG d
agen oes
olksw not
V
gu

y
+PUVCNNKPTGXGTUGQTFGTYJGPFQKPIVJKUPQVGVJGHQNNQYKPI
d b ara
ise
3 ä(KTUVNQECVGXGPVKVGOQPVJGNGHVIWKFGNWIQPJQWUKPIKVGO
uthor
nte
eo
ra
ss a c

ce
e
nl
ä2TGUUXGPVKPNKIJVN[WPVKNKVNQECVGU
pt
du

an
itte

y li

erm
ab
ility
ot p

wit
, is n

h re
hole

spec

es, in part or in w
t to the co

rrectness of i

(KI4GOQXKPICPFKPUVCNNKPIHTGUJCPFJGCVGFCKTEQPVTQNU
l purpos

4GOQXKPI
3
ä%CTGHWNN[NGXGTEQPVTQNVTKORCPGNQWVCVVJGNQECVKPINWIU
nf
ercia

o
CTTQYUYKVJCUETGYFTKXGTCPFRTQVGEVKXGRCFFKPI
rm

m
atio
ä4GOQXGCUJVTC[CPFCUJVTC[VTKORCPGN
om
n in
c
ä4GOQXGHQQVYGNNXGPVEQPUQNG (KI
or
thi
e

t
sd
a

iv
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

3

ä4GOQXGUETGYUHTQOKPUVTWOGPVVTKORCPGNCTTQYU

ä2WUJEQPVTQNUYKVJECDNGUCVVCEJGFDGNQYVJGFCUJRCPGN

ä2WNNEQPPGEVQTUQHH

ä&GVCEJECDNGUHTQOEQPVTQNU

+PUVCNNKPI

ä5GEWTGECDNGUQPVJGTGOQXGFEQPVTQNU 2CIG
+PUVCNNKPICPFCFLWUVKPIECDNGU

(KI4GOQXKPICPFKPUVCNNKPIHTGUJCPFJGCVGFCKTEQPVTQNU

4GOQXKPI
3

3



ä2WNNEQPPGEVQTUQHH n AG. Volkswagen AG do

lkswage es n
o ot g
byV ua

sed ran
+PUVCNNKPI
thori tee
u or

a ac
sä5GEWTGECDNGUQPVJGTGOQXGFEQPVTQNU
s 2CIG
ce
e
nl
pt
du

an
itte
y li

erm
ab
ility

ot p
wit
, is n

h re
3
hole
(KI4GOQXKPICPFKPUVCNNKPIEGPVTGXGPV
spec

es, in part or in w
4GOQXKPI
t to the co

ä2WNNCFLWUVCDNGITKNNGQWVECTGHWNN[YKVJRQKPVGFRNKGTU

ä4GOQXGUETGYU
rrectness of i
ä4GOQXGXGPVJQWUKPI
l purpos

nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

+PUVCNNKPI

3
ä(KTUVNQECVGXGPVKVGOQPVJGNGHVIWKFGNWIQPJQWUKPIKVGO

ä2TGUUXGPVKPNKIJVN[WPVKNKVNQECVGU

3

(KI4GOQXKPICPFKPUVCNNKPIHTGUJCPFTGEKTEWNCVKPICKTHNCRXCE
WWOWPKV

ä4GOQXGTKIJVJCPFXGPV 2CIG(KI

ä4GOQXGINQXGDQZMPGGRCFFKPIQTRCUUGPIGTUKFGCKTDCIWPKV

)GPGTCNDQF[TGRCKTU4GRCKTITQWR4GOQXKPICPFKPUVCNN
KPIHTQPVRCUUGPIGTCKTDCIWPKV

ä4GOQXGETQUUJGCFUETGYUCTTQYU

ä6YKUVCPFNKHVXCEWWOWPKVQHHNGXGT

3

(KI4GOQXKPIUGTKGUTGUKUVCPEG0CPFHTGUJCKTDNQYGT8

4GOQXKPIUGTKGUTGUKUVCPEG

ä4GOQXGUETGY

4GOQXKPIHTGUJCKTDNQYGT
agen
AG. Volkswagen AG d
oes

lksw not
ä4GNGCUGTGVCKPGTVJGPVWTPHTGUJCKTDNQYGTKPFKTGEVKQPQHCT
byV
o gu
ara
d
horis TQYCPFTGOQXG
e nte
t eo
au
4GOQXKPIHTGUJCKTDNQYGTKPXGJKENGUYKVJFCUJRCPGNKP
ra
ss c
UVCNNGF
ce
e
nl
pt
du

an
itte
y li

erm
ab
ility
ot p
wit
, is n
ä2WNNEQPPGEVQTQHHUGTKGUTGUKUVCPEG
h re
hole

spec
ä4GOQXGTKIJVJCPFCKTFWEVKPI
es, in part or in w
ä4GOQXGHTGUJCKTDNQYGTCUFGUETKDGFCDQXGIWKFGVQEGPVTGQH
t to the co
FCUJRCPGNCPFVCMGQWV

rrectness of i
l purpos
nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

3

(KI4GOQXKPIHQQVYGNNXGPVEQPUQNG

ä4GOQXGVTKORCPGN


3

(KI4GOQXKPITGIWNCVKPIXCNXG

ä.QQUGPENKRCPFTGOQXGECDNG

ä.QQUGPURTKPIV[RGJQUGENCORUCPFRWNNEQQNCPVJQUGUQHH

0QVGU

t+HEQQNCPVKUKPVJGU[UVGOUGCNEQQNCPVJQUGUWUKPIJQUG

ENCORUDGHQTGFKUEQPPGEVKPI
t%QQNKPIU[UVGOKURTGUUWTK\GFYJGPGPIKPGKUYCTO+HPGEGU

UCT[TGNGCUGRTGUUWTGDGHQTGECTT[KPIQWVTGRCKTU
t4GHKNNYKVJEQQNCPVCHVGTKPUVCNNKPITGIWNCVKPIXCNXG

4GOQXKPIJGCVGT

0QVG

(QTGCUGQHKNNWUVTCVKQPTGOQXKPIVJGJGCVGTWPKVKUUJQYPYKVJQWV
agen
AG. Volkswagen AG d
3 ksw
y V VJGFCUJRCPGN
ol
oes
not
gu
b
d ara
e

oris ä #KTFKUVTKDWVKQPJQWUKPICKTEJCPPGNCPFJGCVGZEJCPIGT

nte
eo
uth
ra
s a ä 4WDDGTITQOOGV c
s
ce

le
ä%QODKUETGY
un

pt
an
d
0QVGU
itte

y li
erm
ab
ility
ot p
wit
is n
h re

t+HEQQNCPVKUKPVJGU[UVGOUGCNEQQNCPVJQUGUKPGPIKPGEQO
ole,
spec
RCTVOGPVWUKPIJQUGENCORUDGHQTGFKUEQPPGEVKPI

t to the co

t4GHKNNYKVJEQQNCPVCHVGTKPUVCNNKPIJGCVGTWPKV
t5QVJCVEQQNCPVFQGUPQVIGVKPVQKPVGTKQTQHXGJKENGUGCNJGCV
GZEJCPIGTEQPPGEVKQPUDGHQTGTGOQXKPIJGCVGTWPKV
rrectne

4GOQXKPI
ä4GOQXGFWUVCPFRQNNGPHKNVGT 2CIG
ss o

cial p

f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
o Vo

by c lksw
cted agen
Prote AG.

ä4GOQXGTGCTEQPPGEVKPIRKGEGHTQOVJGDWNMJGCFKPVJGGPIKPG
EQORCTVOGPV



ä4GOQXGFCUJRCPGN

KPIFCUJRCPGN

3 ä4GOQXGDQNVU

0QVG

6JGNQYGTDQNVKUNQECVGFQPVJGDWNMJGCFWPFGTVJGGPIKPGEQO
RCTVOGPVENCFFKPI

&KUOCPVNKPICPFCUUGO

DNKPIJGCVGFCKTCPFHTGUJ
CKTEQPVTQNU

agen
AG. Volkswagen AG d
oes

olksw not

yV
ise
db
gu
ara
nte
8GJKENGU4
or e
th o9CTPKPI
au ra
c
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
0QVGU
ility
ot p
t$GHQTGFKUEQPPGEVKPIVJGDCVVGT[
wit
, is n
QDVCKPTCFKQEQFGHQTTCFKQUGVUYKVJ
h re

hole
CPVKVJGHVEQFKPI
spec
es, in part or in w
t6JKUKNNWUVTCVKQPKUCPGZCORNGQHC
t to the co
XGJKENGYKVJCFFKVKQPCNJGCVGZ
EJCPIGTCPFRCUUGPIGTEQORCTV
OGPVXGPVKNCVKQP
rrectness of i

l purpos
ä%QPPGEVQTRKP6

ä%QPPGEVQTRKP6E
nf
ercia

rm
m
atio
ä%QNQWTGFHKNVGT
om
n in

c

or
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

ä(TGUJCKTEQPVTQNNKIJVDWND.

ä%QPVTQNU
'
t9KVJYCTOCKTDNQYGTUYKVEJ
'
t9KVJTGCTHTGUJCKTDNQYGT

UYKVEJ'

2CIG(KI
2CIG

ä4QVCT[MPQDU

ä5YKVEJ
t(QTHTGUJCPFTGEKTEWNCVKPICKT
HNCR'
t9KVJKNNWOKPCVKQPDWND.
t4GOQXKPI
ä4GOQXGEQPVTQNUKVGO
ä4GNGCUGTGVCKPGTUDGVYGGP
RWUJDWVVQPUCPFEQPVTQNU
ä2TGUUUYKVEJKPFKTGEVKQPQH
RWUJDWVVQP

ä2WUJDWVVQP

n AG. Volkswagen AG do ä6TKORCPGNHQTEQPVTQNU
lkswage es n
o ot g
d byV ua
ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit
, is n
h re
hole
spec
es, in part or in w
t to the co
rrectness of i
l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

8GJKENGU4

9CTPKPI

0QVGU
CPVKVJGHVEQFKPI


OGPVXGPVKNCVKQP

ä%QPVTQNU
'
HNCRUYKVEJ'
EQPVTQN'
2CIG(KI
2CIG

AG. Volkswagen AG d ä%QNQWTGFHKNVGT
agen oes
olksw not
d by V gu
ara
rise nte
ä6TKORCPGN
tho eo
s au ra
c
s
ce
e
nl
pt
t3V[
du

an
itte

y li

erm
ab
ä4QVCT[EQPVTQN
ility

ot p
t(QTDNQYGTURGGF
wit
, is n

t6QTGOQXG7UGRNKGTUYKVJ
h re

hole
UWKVCDNGRNCUVKEQTTWDDGTRTQ
spec

es, in part or in w
VGEVKQPHQTLCYU
t to the co

ä4QVCT[EQPVTQN
t(QTCKTFKUVTKDWVKQP
rrectness of i
l purpos
VGEVKQPHQTLCYU

nform
ercia
ä6TKORCPGNHQTEQPVTQNU
m
at

om
ion
ä4QVCT[EQPVTQN
c
in t
or
t(QTKPVGTKQTVGORGTCVWTG
his
ate
do
riv
p
cum
or
f
en
ng
t.
op
yi Co
py VGEVKQPHQTLCYU

C

t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

&KUOCPVNKPICPFCUUGO

DNKPIJGCVGT

0QVG
t4GOQXKPIJGCVGTWPKV 2CIG

ä+PVCMGJQWUKPI
t9KVJTGEKTEWNCVKPICKTHNCR

ä6YQYC[XCNXGHQTHTGUJCPFTG
EKTEWNCVKPICKTHNCR0

ä8CEWWOWPKVHQTHTGUJCPFTGEKT
EWNCVKPICKTHNCR
ITCO 2CIG
t4GOQXKPI 2CIG
(KI

ä%NKR

ä#KTFWEV

ä(TGUJCKTDNQYGT8

ä5GTKGUTGUKUVQT0

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo ä(QQVYGNNHNCRNGXGT
ut ra
ss a c t4GOQXKPIHQQVYGNNHNCR
ä&KUGPICIGNGXGTYKVJCUETGY
ce
e

nl
pt
du
FTKXGT
an

itte
y li

erm

ab
ility
ä&GHTQUVGTHNCRNGXGT
ot p

wit
t4GOQXGFGHTQUVGTHNCR
, is n

h re
ä&KUGPICIGNGXGTYKVJCUETGY
hole

spec
FTKXGT

es, in part or in w

t to the co
ä#KTFKUVTKDWVKQPJQWUKPI

rrectness of i
ä*GCVGZEJCPIGT
t)CUMGVUOWUVDGINWGFHTGG
l purpos
QHICRUCNNCTQWPF

nf
ercia
ä)CUMGV
orm

m

atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.


0QVGU

t(KTUVCVVCEJECDNGUVQTGOQXGFEQPVTQNU

t2NCEGQWVGTECDNGCICKPUVUVQRUQPEQPVTQNUCPFUGEWTG

t&GHTQUVGTCPFHQQVYGNNHNCRECDNGUCTGUGNHCFLWUVKPI#FLWUVD[
VWTPKPICKTFKUVTKDWVKQPTQVCT[MPQDHTQOUVQRVQUVQR

t#FLWUVECDNGQPTGIWNCVKPIXCNXGYKVJEQPVTQNUKPUVCNNGF

(KVVKPIECDNGUVQVJGEQPVTQNU
3 %CDNGHQTTGIWNCVKPIXCNXG

+FGPVKHKECVKQPTGFYJKVG

ä6WTPTGIWNCVKPIXCNXGTQVCT[MPQDVQNGHVQPVQUVQR

ä#VVCEJTGIWNCVKPIXCNXGECDNGCTTQY

ä5GEWTGECDNGVQEQPVTQNUKVGOYKVJCENKR

ä#FLWUVKPIECDNGCVTGIWNCVKPIXCNXG (KI

AG. Volkswagen AG d

agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
u
s a ra
c
s
3

ä%CDNGHQTHQQVYGNNHNCR
ce
le
un
pt

an

d

+FGPVKHKECVKQP[GNNQYYJKVGXGJKENGU4
itte
y li

erm
ab

+FGPVKHKECVKQPTGF[GNNQYXGJKENGU4

ility
ot p
ä6WTPCKTFKUVTKDWVKQPTQVCT[MPQDVQNGHVQPVQUVQR
wit

is n
h re
ä#VVCEJHQQVYGNNHNCRECDNGCTTQY&
ole,
spec

ä5GEWTGECDNGVQEQPVTQNUYKVJENKRCTTQY$
t to the co

ä#FLWUVKPIECDNGCVHQQVYGNNHNCR (KI

ä%CDNGHQTFGHTQUVGTHNCR

rrectne

+FGPVKHKECVKQPTGFITGGP

s

s
ä#VVCEJFGHTQUVGTHNCRECDNGCTTQY%
o
cial p

i
ä5GEWTGECDNGVQEQPVTQNUYKVJENKRCTTQY#
nform
mer
ä#FLWUVKPIECDNGCVFGHTQUVGTHNCR (KI
atio
m

o
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

3

(KI#FLWUVKPIECDNGCVHQQVYGNNHNCR

ä5GEWTGECDNGVQHQQVYGNNHNCRYJKNUVUKOWNVCPGQWUN[RTGUUKPI
NGXGTKPFKTGEVKQPQHCTTQY

ä6WTPTQVCT[MPQDQPEQPVTQNUHTQOUVQRVQUVQR

3

(KI#FLWUVKPIECDNGCVFGHTQUVGTHNCR

ä5GEWTGECDNGVQFGHTQUVGTHNCRYJKNUVUKOWNVCPGQWUN[RTGUUKPI
NGXGTKPFKTGEVKQPQHCTTQY

ä6WTPTQVCT[MPQDQPEQPVTQNUHTQOUVQRVQUVQR

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte

y li
erm
3
ab

(KI#FLWUVKPIECDNGCVTGIWNCVKPIXCNXG
ility
ot p

wit
ä2WUJECDNGVJTQWIJGPIKPGEQORCTVOGPVDWNMJGCFVQTGIWNCVKPI
, is n

h re
XCNXG
hole

spec
ä5NKFGNGXGTNGHVQPVQUVQR
QHHEQQN
es, in part or in w
t to the co
ä5GEWTGECDNGVQTGIWNCVKPIXCNXGYKVJENKR

rrectness of i
l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

5GTXKEKPICFFKVKQPCNJGCV

GZEJCPIGT
KPRCUUGPIGT
EQORCTVOGPV

8GJKENGU4

ä8GPV
t4GOQXKPI (KI

ä%QXGTRNCVG

ä)CUMGV

t4GOQXKPI (KITGOQX

KPICFFKVKQPCNJGCVGZEJCPIGT

2CIG

ä9CTOCKTDNQYGT8
t4GOQXKPI 2CIG

ä%QQNCPVRKRG
t4GOQXKPI (KI

ä6RKGEG
wage es n
yV
olks ot g
d b ua
ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

hole
spec
ä%QQNCPVJQUG
es, in part or in w
GPIKPGEQORCTVOGPV
t to the co
t%QQNCPVJQUGEQPPGEVKQPFKC
ITCO
rrectness of i
2CIG

l purpos
ä4GIWNCVKPIXCNXG
t4GOQXKPI 2CIG

nform
ercia

ä$NGGFUETGY
m
at

om

ion

c
in t
ä%QPVTQNUHQTHTGUJCPFJGCVGFCKT
or
his

e
at
do
riv
'
p
cum
for
en
ng
t.
yi Co
. Cop py '
t rig
gh ht
yri by
HNCRUYKVEJ'
cop Vo
by lksw
cted
agen
Prote AG.
2CIG(KI
2CIG

ä5VGRKPUGTV
t4GOQXKPI
ITQWR

ä+PVCMGFWEV
t4GOQXKPI-QODK (KI
t4GOQXKPI$WU (KI

ä*QUGENCOR

ä%QQNCPVJQUGTGVWTP

ä9CTOCKTDNQYGTUGTKGUTGUKU
VCPEG
0

ä%QQNCPVJQUGUWRRN[

ä*GCVGZEJCPIGT
QHICRUCNNCTQWPF
t4GOQXKPI 2CIG
0QVG
#NYC[UTGPGYEQQNCPV
AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w
3

(KI4GOQXKPICFFKVKQPCNJGCVGZEJCPIGT
t to the co

ä%QXGTRNCVGKPRCUUGPIGTEQORCTVOGPV

ä)CUMGV
rrectness of i

ä#FFKVKQPCNJGCVGZEJCPIGTCKTFKUVTKDWVKQPJQWUKPI
l purpos
ä%QPPGEVKPIJQUGUWRRN[

ä%QPPGEVKPIJQUGTGVWTP
nf
ercia

4GOQXKPI
rm
m

atio

m
ä&KUEQPPGEVGNGEVTKECNEQPPGEVQTU
o

n in
c

or
ä5GCNEQPPGEVKPIJQUGUENQUGVQJGCVGZEJCPIGTWUKPIJQUG
thi

te
ENCORUCPFRWNNJQUGUQHH
sd
iva

o
r
rp
cu
ä4GOQXGXGPV (KI
o
m
f
en
ng

t.
ä4GOQXGEQXGTRNCVG
i
py Co
Co
py
ä4GOQXGDQNVU
ht. rig
rig ht
by

py

co Vo
by lksw
cted agen
Prote AG.

3

(KI4GOQXKPIXGPV

ä8GPV

ä%QXGTRNCVG

ä5VGRKPUGTV

4GOQXKPI

ä2WNNXGPVQWVQHHNQQTRNCVG

ä4GOQXGEQXGTRNCVG

3

(KI4GOQXKPIKPVCMGFWEV-QODK

ä+PVCMGFWEV

ä*QUGENCOR

ä#FFKVKQPCNJGCVGZEJCPIGT

4GOQXKPI

ä4GOQXGUVGRKPUGTV

ä4GOQXGDQNVU

ä.QQUGPJQUGENCOR
. Volkswage
n AG n AG d
wage oes
Volks not
gu
by ara
ed nte
oris eo
th
au ra
c
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

3

(KI4GOQXKPIKPVCMGFWEV$WU

ä+PVCMGVTKO
rrectness of i

ä+PVCMGFWEV

l purpos

ä*QUGENCOR
nf
ercia

4GOQXKPI
rm
m
atio

m
ä.GXGTKPVCMGVTKOQWVYKVJUETGYFTKXGT
o
n in

c

or
ä.QQUGPJQUGENCOR
thi

te
sd
a
ä4GOQXGKPVCMGFWEV
iv

o
r
rp
cu

o

f
en
ng
t.
yi

Co
op py
3
C

t. rig
yri
gh
(KI4GOQXKPIEQQNCPVRKRG
by
ht

cop
Vo
ä5GNHVCRRKPIUETGY
by lksw
cted agen
Prote
AG.
ä%QQNCPVRKRG

ä*GZCIQPPWV

4GOQXKPI

ä4GOQXGHWGNVCPM

4GNGXCPVGPIKPGCUUGODN[ITQWR/GEJCPKEU4GRCKTITQWR

ä4GOQXGVQTUKQPDCT

4WPPKPIIGCT4GRCKTITQWR

ä4GOQXGEQQNCPVRKRG

8GJKENGU4

ä8GPV
t4GOQXKPI 2CIG
(KI

ä%QXGTRNCVG

ä)CUMGV


t4GOQXKPI 2CIG
(KI4GOQXKPICFFKVKQPCN
JGCVGZEJCPIGT
2CIG

ä9CTOCKTDNQYGT8
t4GOQXKPI 2CIG

ä%QQNCPVRKRG
t4GOQXKPI 2CIG
AG. Volkswagen AG d (KI
agen oes
lksw not
byV
o gu
d ara
rise ä6RKGEG
nte
o eo
auth ra
ss c
ce
le
un
pt
an
d
itte
y li
erm
ab
ility
ot p

wit
is n
h re
ole,
spec
t to the co

ä%QQNCPVJQUG rrectne
GPIKPGEQORCTVOGPV
ss
ITCO
o
cial p
2CIG
in

form

mer

atio
ä4GIWNCVKPIXCNXG
m

o
t4GOQXKPI 2CIG
c

or
n thi

te

sd
va
ä$NGGFUETGY
i
o
pr

um
r

fo
en
ng
yi t.
Co
op

py
TGCT
. C rig
ht

rig ht
tKPFTKXGT UUKFG$RKNNCT
py by
co Vo
by lksw
Prote
cted AG.
agen t9KVJTGCTHTGUJCKTDNQYGT
UYKVEJ'
t9KVJTGCTKPVGTKQTVGORGTCVWTG
RQVGPVKQOGVGT)
'
t4GOQXKPI (KI

'
HNCRUYKVEJ'
EQPVTQN'


2CIG
2CIG(KI

ä5VGRKPUGTV
t4GOQXKPI
ITQWR

ä+PVCMGFWEV
t4GOQXKPI-QODK 2CIG
(KI
t4GOQXKPI$WU 2CIG
(KI
n AG. Volkswagen AG
wage does
olks not
byV gu
ara
ed nte
ris
tho eo
au ra
c
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

ä*QUGENCOR
rrectness of i

ä%QQNCPVJQUGTGVWTP
l purpos

nform
ercia
VCPEG
0
m
at

om
io

n

c
in t
r
ä%QQNCPVJQUGUWRRN[
o

his
te

a
do
riv

p
ä*GCVGZEJCPIGT
um
for
en
ng
t.
yi Co
t. Cop
QHICRUCNNCTQWPF
py
rig
pyri
gh by t4GOQXKPI 2CIG
ht
0QVG
co Vo
by lksw
cted agen

Prote AG.
#NYC[UTGPGYEQQNCPV

3

(KI4GOQXKPIEQPVTQNUHQTHTGUJCPFJGCVGFCKTTGCT

ä%QPVTQNHQTHTGUJCPFJGCVGFCKTTGCT

ä4GCTHTGUJCKTDNQYGTUYKVEJ'

ä4GCTKPVGTKQTVGORGTCVWTGRQVGPVKQOGVGT)

ä9CTOCKTDNQYGTUYKVEJ'

4GOQXKPI

ä.GXGTQWVEQPVTQNYKVJCUETGYFTKXGTHTQOWPFGTPGCVJCPF
RWNNQWVFQYPYCTFU

ä2WNNEQPPGEVQTUQHH

0QVG

6JGTGOQXCNQHCPFVJGHWPEVKQPQHVJGEQPVTQNUHQTYCTOCKTEQT
TGURQPFVQVJGXGTUKQPYKVJCKTEQPFKVKQPKPI
AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w

4GOQXKPITGIWNCVKPIXCNXG
t to the co

3
rrectness of i

ä4GIWNCVKPIXCNXG

ä%CDNG
l purpos

ä.GXGT

nform

ercia
ä%QQNCPVJQUGTGVWTP

ä
HTQOCFFKVKQPCNJGCVGZEJCPIGTEQQNCPVRKRGVQTGIWNCVKPI
m
at
om
XCNXG
o

n
c
in t
r

o
ä%QQNCPVJQUGTGVWTP
his
ate

do

riv
ä
HTQOTGIWNCVKPIXCNXGVQGPIKPG
p
cum

or
ä%QQNCPVJQUGTGVWTP
f
en
ng

i t.

py Co
ä
HTQOUVCPFCTFGSWKROGPVJGCVGTJGCVGZEJCPIGTVQTGIW
Co py
t. rig
NCVKPIXCNXG
h ht
rig
py by
o Vo
4GOQXKPI by c lksw
Prote

cted AG.
agen
ä4GOQXGGZRCPUKQPVCPM

ä.QQUGPENKRCPFTGOQXGECDNG


ä4GOQXGTGIWNCVKPIXCNXGHTQOGZRCPUKQPVCPMEQPUQNG

0QVGU





lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

(TQPVJGCVGZEJCPIGTCPFCFFK
hole
spec

VKQPCNJGCVGZEJCPIGTEQQNCPV
es, in part or in w
t to the co
JQUGEQPPGEVKPIFKCITCO

rrectness of i
0QVG
(QTEQORNGVGJQUGTQWVKPIFKCITCO
l purpos
4GNGXCPVGPIKPGCUUGODN[ITQWR
/GEJCPKEU4GRCKTITQWR nf
ercia

orm
m
atio
m

o
n in
c
ä%QQNCPVJQUGTGVWTP
or

thi
e
ä
HTQOCFFKVKQPCNJGCVGZ
t
sd
a

iv
EJCPIGTVQEQQNCPVRKRG
r
rp
cu

o

f
en
ng

t.
yi
ä%QQNCPVJQUGUWRRN[
Co
op py

C
ä
HTQOEQQNCPVRKRGVQCFFK
t. rig
gh ht
yri

by
VKQPCNJGCVGZEJCPIGT
cop Vo
by lksw
Prote
cted AG.
agen
ä%QQNCPVRKRG

ä%QQNCPVJQUGTGVWTP
ä
HTQOEQQNCPVRKRGVQTGIWNCV
KPIXCNXG

ä%QQNCPVJQUGUWRRN[
ä
HTQO6RKGEGVQEQQNCPVRKRG

ä%QQNCPVJQUGUWRRN[
ä
HTQOGPIKPGVQ6RKGEG

ä'PIKPG

ä%QQNCPVJQUGTGVWTP
ä
HTQOTGIWNCVKPIXCNXGVQGP
IKPG

ä4GIWNCVKPIXCNXG

ä%QQNCPVJQUGUWRRN[
ä
HTQO6RKGEGVQUVCPFCTF
GSWKROGPVJGCVGTJGCVGZ
EJCPIGT

ä$NGGFUETGY

ä%QQNCPVJQUGTGVWTP
ä
HTQOUVCPFCTFGSWKROGPV
JGCVGTJGCVGZEJCPIGTVQTGIW
NCVKPIXCNXG

ä5VCPFCTFGSWKROGPVJGCVGTJGCV
GZEJCPIGT

ä6RKGEG

lkswage es n
o ot g
byV ua
d ran
ir se te
tho eo
au ra
ss c
ce
e
nl
pt
du
an
itte
y li
erm
ab

&KUOCPVNKPICPFCUUGODNKPI
ility
ot p

JGCVGZEJCPIGTCKTFKUVTKDWVKQP
wit
, is n
JQWUKPI
h re
hole
spec

es, in part or in w
t to the co

ä)CUMGV

rrectness of i
l purpos

ä$TCEMGV

nform
ercia

ä%NKR
m
at
t#UUGODN[CKFäGPICIGUKP
om

ion
ETQUUOGODGTYJGPKPUVCNNKPI
c
in t

or

his
te

a
do
ä9CTOCKTDNQYGT8
priv

um
or
t0QVGHKVVKPIRQUKVKQP
f
en
ng

t.
yi Co
op
C py
t. rig
gh ht
copyri VCPEG by
Vo
0
by lksw
cted agen
Prote AG.

ä*GCVGZEJCPIGT
QHICRUCNNCTQWPF

5GTXKEKPIRCUUGPIGTEQO

RCTVOGPVXGPVKNCVKQP

8GJKENGU4

0QVG
(KTUVRNGCUGTGOQXGVJGTGCTUKFGRCPGN
OQWNFGFVTKO
)TQWR

'
'
UYKVEJ'
HNCRUYKVEJ'

AG. Volkswagen AG d

agen oes
olksw not
yV gu
db ara
rise nte
tho eo
u
s a ra
c
s
t6JKUUYKVEJEQPVTQNUDQVJTG
ce
le
un
pt
EKTEWNCVKPICKTHNCRU6JGTGEKT
an
d
itte
y li
EWNCVKPICKTHNCRKPVJGJGCVGT
erm
ab
KPVCMGFWEVDGNQYVJGFCUJ
ility
ot p
wit
RCPGNCPFVJGTGEKTEWNCVKPICKT
is n
h re
HNCRKPVJGCKTKPVCMG
ole,
spec
2CIG(KI
t to the co
2CIG rrectne

ä6QVJGQWVNGVUKPJGCFNKPKPI
t2CUUCIGQHCKTCUHQTCKTEQPFK
ss o
VKQPGT
cial p
f in

form
mer
ä4QWVKPIQHGNGEVTKECNYKTKPINQQO
atio
m
CPFVJGXCEWWOJQUGU
o
n
c
t4QWVGFDGJKPFVJGJQQRUWR
or
n thi
te
VQFCUJRCPGN
sd
iva
o
r

p
cum
r
fo
ä(TGUJCKTKPNGV
en
ng
t.
yi Co
. Cop py
rig
py
rig
ht
ä+PVCMGVTKOYKVJRNCVG
by
ht

co Vo
by lksw
cted agen
Prote ä+PVCMGEJCPPGN
AG.

ä5ETGYU
t0O

ä0WV
t0O

ä(TGUJCPFTGEKTEWNCVKPICKTHNCR

ä8CEWWOWPKV

t9JGPUYKVEJGFQHHVJGXCE
WWOWPKVKUTGNCZGFCPF
XGPVGF

ä%NKR

t&WUVCPFRQNNGPHKNVGTKPGPIKPG
EQORCTVOGPVKUKFGPVKECN

ä#KTKPVCMG

ä.KRXCNXGU
t6JGXCNXGUOWUVPQVDG
DQPFGFYCVGTFTCKP

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho ä5GNHVCRRKPIUETGY eo
ut ra
ss a
t0O c

ce
e

nl
pt
du
ä#FFKVKQPCNHTGUJCKTDNQYGT8
an

itte
y li

erm

ab
ility
ot p

wit
, is n

t%CROWUVDGRGTOGCDNGVQCKT h re
hole
spec

es, in part or in w
ä%QODKDQNV
t to the co

ä#KTFWEVKPI
rrectness of i

ä5GTKGUTGUKUVCPEGHQTTGCTHTGUJ
l purpos
CKTDNQYGT0

nform
ercia
ä4GCTHTGUJCPFTGEKTEWNCVKPICKT
HNCRTGNC[,
m
at
om
t$GJKPFEGPVTGQHFCUJRCPGN
on
c
in t
t%QPVTQNPWODGT
or
his
e

at

do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

8GJKENGU4

0QVG
(KTUVRNGCUGTGOQXGVJGTGCTUKFGRCPGN
OQWNFGFVTKO
)TQWR


'

HNCRUYKVEJ'
EQPVTQN'
t6JKUUYKVEJEQPVTQNUDQVJTG
EKTEWNCVKPICKTHNCRU6JGTGEKT
EWNCVKPICKTHNCRKPVJGJGCVGT
KPVCMGFWEVDGNQYVJGFCUJ
RCPGNCPFVJGTGEKTEWNCVKPICKT
HNCRKPVJGCKTKPVCMG
2CIG(KI
2CIG

lkswagen AG
AG. Voä6QVJGQWVNGVUKPJGCFNKPKPI
agen does
olksw not
d by V t2CUUCIGQHCKTCUHQTCKTEQPFK
gu
ara
rise VKQPGT nte
tho eo
s au
ra
c
s
ä4QWVKPIQHGNGEVTKECNYKTKPINQQO
ce
e
nl
pt
CPFVJGXCEWWOJQUGU
du

an
itte
y li

erm
ab
VQFCUJRCPGN
ility

ot p

wit
, is n

ä(TGUJCKTKPNGV
h re

hole
spec
ä+PVCMGVTKOYKVJRNCVG
es, in part or in w
t to the co

ä+PVCMGEJCPPGN

rrectness of i
ä5ETGYU
l purpos
t0O

ä0WV
nf
ercia
t0O
rm
m
atio

om
n in
or c
thi

e

t
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

ä8CEWWOWPKV
WWOWPKVKUTGNCZGFCPF
XGPVGF

ä%NKR


TGCT

tKPFTKXGT UUKFG$RKNNCT
'
t9KVJTGCTKPVGTKQTVGORGTCVWTG
RQVGPVKQOGVGT)
'
t4GOQXKPI 2CIG
(KI

t&WUVCPFRQNNGPHKNVGTKPGPIKPG
EQORCTVOGPVKUKFGPVKECN

ä#KTKPVCMG

ä.KRXCNXGU
t6JGXCNXGUOWUVPQVDG
DQPFGFYCVGTFTCKP

ä5GNHVCRRKPIUETGY
t0O
agen AG. Volkswagen AG do
w es n
olks ot g
d byV ä#FFKVKQPCNHTGUJCKTDNQYGT8
ua
ran
ir se tee
tho
u or
ss
a ac
ce
e
nl
pt
du

an
itte

y li

erm
ab
ä%QODKDQNV
ility

ot p
wit
, is n
ä#KTFWEVKPI
h re
hole

spec
es, in part or in w
ä5GTKGUTGUKUVCPEGHQTTGCTHTGUJ
t to the co
CKTDNQYGT0

rrectness of i
HNCRTGNC[,
l purpos
t%QPVTQNPWODGT

nform
ercia

m
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

4GOQXKPICPFKPUVCNNKPI

FWUVCPFRQNNGPHKNVGT

ä$QPPGVUGCN

ä(KNVGTJQWUKPI

t6JGRCUUGPIGTEQORCTVOGPV
FWUVCPFRQNNGPHKNVGTKUKFGPVK
ECN

ä%QPPGEVKPIRKGEG

ä.KRXCNXG

ä(KNVGTTGVCKPGT

ä*GZCIQPUQEMGVJGCFDQNV
t0O

ä$WNMJGCF

8CEWWOJQUGEQPPGEVKQP

FKCITCO

agen
AG. Volkswagen AGd
oes
olksw ä*GCVGTWPKV
not
byV gu
ara
d
rise nte
o eo
aut
h
ä6QDTCMGUGTXQQTVQXCEWWO
ra
s c
s RWOR
ce
e
nl

pt

du
an
ä8CEWWOJQUGTQWVKPI
itte
y li
erm
ab
t4QWVGFDGJKPFVJGJQQRUVQ
ility
ot p
TGCTHTGUJCPFTGEKTEWNCVKPICKT

wit
, is n
HNCRVYQYC[XCNXG0
h re

hole

spec
ä+PVCMGJQWUKPI
es, in part or in w
t to the co

rrectness of i
EWNCVKPICKTHNCR
l purpos

ä8CEWWOJQUGTQWVKPI
nform
ercia
m
VQFCUJRCPGN
at
om
io

n

c
in t
or
his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen


ä8CEWWOWPKV
WWOWPKVKUTGNCZGFCPF
XGPVGF

ä#KTKPVCMG


t4GRNCEKPI
UKFGCKTDCIWPKV

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
au ra
ss c
ce
le
un
pt
an
d
itte
y li
erm
ab
ility
ot p
wit
is n
h re
ole,
spec
t to the co
rrectness o
cial p
f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

0QVGUQPTGRCKTYQTMVQXGJKENGUYKVJCKTEQP

FKVKQPKPICPFQPJCPFNKPITGHTKIGTCPV

6JGCUUGODNKGUCPFRKRGYQTMU[UVGOQHVJGCKTEQPFKVKQPGTCTG
HKNNGFYKVJTGHTKIGTCPV4C
VGVTCHNWQTQGVJCPG%(%*(QT
%*(%(

#VRTGUGPVVJG4CTGHTKIGTCPVRTGUUWTGXGUUGNUCTGNCDGNNGF

YKVJVJGHQNNQYKPIVTCFGPCOGU

ä*(-9C

ä578#C

ä#4%610C

6JGUGVTCFGPCOGUOC[XCT[HTQOEQWPVT[VQEQWPVT[

(WTVJGTKPHQTOCVKQP

t6JGCRRTQRTKCVGHCWNVHKPFKPIRTQITCOOGECPDGHQWPFKP(CWNV

HKPFKPI*GCVKPI#KTEQPFKVKQPGTäDKPFGT

At6JGXCNKFEWTTGPVHNQYFKCITCOUECPDGHQWPFKP%WTTGPVHNQY
agen
G. Volkswagen AG d
oes
olksw FKCITCOU'NGEVTKECNHCWNVHKPFKPICPF(KVVKPINQECVKQPUDKPFGT
not
byV
gu
ara
rised t4GRCKTYQTMQPVJGTGHTKIGTCPVEKTEWKVYJKEJECPQPN[DGECTTKGF
nte
o
ut
h QWVD[RTQRGTN[VTCKPGFOGEJCPKEU
5RGEKCNKUVYQTMUJQRUHQTCKT
eo
ra
a
ss EQPFKVKQPKPI 2CIG c
ce
e
nl
9CTPKPI
pt
du
an
itte
y li

erm
ab
$GHQTGYQTMKPIQPVJGGNGEVTKECNU[UVGOFKUEQPPGEVVJGDCVVGT[GCTVJUVTCR
ility
ot p
0QVGU
wit
, is n
h re
t9JGPTGEQPPGEVKPIVJGDCVVGT[EJGEMVJGXGJKENGGSWKROGPV
hole
spec

TCFKQENQEMGNGEVTKEYKPFQYUCEEQTFKPIVQ9QTMUJQR/CPWCN
es, in part or in w
CPFQT1YPGT U/CPWCN
t to the co
t#PQVKEGQPVJGNQEMECTTKGTRNCVGKPVJGGPIKPGEQORCTVOGPV
RTQXKFGUKPHQTOCVKQPEQPEGTPKPIVJGTGHTKIGTCPVWUGFCPFVJG
rrectness of i
ECRCEKV[

l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

5CHGV[RTGECWVKQPUHQTYJGPYQTMKPIQPXGJKENGUYKVJ

CKTEQPFKVKQPKPICPFYJGPJCPFNKPITGHTKIGTCPV4C

6JGHQNNQYKPIUCHGV[RTGECWVKQPUOWUVDGQDUGTXGFHQTVJGTGHTKI
GTCPV
KPUQOGEQWPVTKGUCFFKVKQPCNTGIWNCVKQPUOC[CRRN[

+HKVKUPGEGUUCT[VQGXCEWCVGVJGTGHTKIGTCPVEKTEWKVFWTKPITGRCKTU
VQVJGXGJKENGVJGXGJKENGOWUVDGVCMGPVQCURGEKCNKUVYQTM
UJQR

4GCUQP

1PN[URGEKCNKUVTGRCKTYQTMUJQRUCTGGSWKRRGFYKVJUWKVCDNG
GXCEWCVKPIGSWKROGPVCPFURGEKCNN[VTCKPGFRGTUQPPGNVQJCPFNG
VJGTGHTKIGTCPVEQORGVGPVN[

0QVGU

t+VKUTGEQOOGPFGFVJCVCPG[GYCUJDQVVNGDGMGRVPGCTD[

n AG. Volks wa5JQWNFNKSWKFTGHTKIGTCPVEQPVCEVVJGG[GUG[GUOWUVDGVJQT
gen AG
lkswage does
QWIJN[TKPUGFYKVJYCVGTHQTCRRTQZOKPWVGU
not
by Vo
gu
ara
ris
ed t6JGPCRRN[G[GFTQRUCPFEQPVCEVCFQEVQTKOOGFKCVGN[GXGPKH
nte
o
uth G[GUFQPQVJWTV6JGFQEVQTOWUVDGKPHQTOGFVJCVVJGHTQUV
eo
ra
a
ss DKVGJCUDGGPECWUGFD[TGHTKIGTCPV4C
c
ce
e
nl
t+HKPURKVGQHVJGUGUCHGV[OGCUWTGUTGHTKIGTCPVEQOGUKPVQ
pt
du
an
itte
EQPVCEVYKVJQVJGTDQF[RCTVUVJGUGCTGCUOWUVCNUQDGKOOG
y li
erm
ab
FKCVGN[VJQTQWIJN[TKPUGFYKVJEQNFYCVGTHQTCVNGCUVOKP
ility
ot p
WVGU
wit
, is n

h re

hole
spec
es, in part or in w
t to the co
rrectness of i
l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

1PN[YQTMQPVJGTGHTKIGTCPVEKTEWKVKPYGNNXGPVKNCVGFTQQOU6JG
TGHTKIGTCPVKUPQVVQDGUVQTGFKPUJCHVUQTQRGPKPIUNGCFKPIVQEGN
NCTU

4GCUQPU

4GHTKIGTCPVKUQFQWTNGUUCPFEQNQWTNGUUCPFJGCXKGTVJCPCKTCPF
VJGTGHQTGFKURNCEGUQZ[IGP+HGXGPCHVGTVCMKPIRTGECWVKQPUTG
HTKIGTCPVGUECRGUVJGTGKUCFCPIGTQHCURJ[ZKCVKQPYKVJQWVCF
XCPEGYCTPKPIKPRQQTN[XGPVKNCVGFTQQOURKVU

2TGECWVKQPU

$GHQTGYQTMKPIQPCTGHTKIGTCPVEKTEWKVGPUWTGVJCVVJGTGCTGPQ
EGNNCTQRGPKPIURKVUQTUJCHVUYKVJKPO#P[CXCKNCDNGGZVTCE
VKQPU[UVGOUVQDGKPQRGTCVKQP

&QPQVYGNFDTC\GQTUQHVUQNFGTRCTVUQHVJGEJCTIGFCKTEQPFK
kswage VKQPGT
es n
Vol
ot g
d by 6JKUCNUQCRRNKGUVQYGNFKPICPFUQNFGTKPIYQTMQPVJGXGJKENG
ua
ran
rise tee
ho YJGPVJGFCPIGTGZKUVUVJCVRCTVUQHVJGCKTEQPFKVKQPGTYKNNJGCV
ut or
ss
a WR&WTKPIRCKPVYQTMQDLGEVVGORGTCVWTGUKPVJGFT[KPIQXGPQT
ac

KPKVURTGJGCVKPI\QPGOWUVPQVGZEGGFu%
ce
e
nl

pt
du
an
4GCUQP
itte
y li
erm
ab
*GCVNGCFUVQJKIJRTGUUWTGKPVJGU[UVGOYJKEJOC[ECWUGVJG
ility
ot p
RTGUUWTGTGNKGHXCNXGVQQRGP&WTKPIGNGEVTKECNYGNFKPIKPXKUKDNGWN
wit
, is n
VTCXKQNGVTC[UCTGRTQFWEGFVJGUGRGPGVTCVGJQUGUCPFDTGCM
h re
hole
FQYPVJGTGHTKIGTCPV
spec
es, in part or in w
2TGECWVKQPU
t to the co
&COCIGFQTNGCMKPICKTEQPFKVKQPGTEQORQPGPVUCTGPQVVQDGTG
RCKTGFD[UQNFGTKPIYGNFKPIVJG[OWUVCNYC[UDGTGPGYGFHKTUV
rrectness of i
GXCEWCVGTGHTKIGTCPVHTQOTGHTKIGTCPVEKTEWKVWUKPITGHTKIGTCPV
GXCEWCVKQPUVCVKQP
VCMGXGJKENGVQURGEKCNKUVYQTMUJQR
l purpos
nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

#KTEQPFKVKQPGTYKVJOCP

WCNEQPVTQNU

5GTXKEKPICKTEQPFKVKQPKPICPF
JGCVKPIäKPCTGCQHFCUJRCPGN

0QVG
2CTVUOCTMGFYKVJCPECPQPN[DG
UGTXKEGFD[URGEKCNN[GSWKRRGFUGTXKEG
YQTMUJQRUCUTGHTKIGTCPVOWUVDG
GXCEWCVGFYKVJ5GTXKEGUVCVKQP8#)

ä(TGUJCKTHCPHWUG5
t$GNQYTGNC[RNCVG

ä#KTEQPFKVKQPGTTGNC[,
t%QPVTQNPWODGT

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo ä&CUJRCPGN
ut ra
ss a c t4GOQXKPICPFKPUVCNNKPI
ce
e

nl
pt
du
an

itte
y li
FCUJRCPGN
erm

ab
ility

ot p

wit
, is n

h re
HNCRTGNC[,
hole

spec

es, in part or in w
t%QPVTQNPWODGT
t to the co

ä9CTOCKTCPFCKTEQPFKVKQPGTEC
rrectness of i
DNGU
t+PUVCNNKPICPFCFLWUVKPIVGO
l purpos
RGTCVWTGHNCRECDNG 2CIG

nf
ercia
t+PUVCNNKPICPFCFLWUVKPIHQQV
orm
YGNNFGHTQUVHNCRECDNG
m
atio
m
2CIG
o
n in
c
t+PUVCNNKPICPFCFLWUVKPIEGPVTCN
or
thi
e
HNCRECDNG 2CIG
t
sd
iva
o
r

rp
cu

o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

ä4KIJVXGPV
2CIG

ä*GCVKPICPFCKTEQPFKVKQPKPIEQP
VTQNU
t8GJKENGU4

2CIG

2CIG
'
UYKVEJ'
'
t9KVJKPUVCNNGFCKTEQPFKVKQPGT
UYKVEJ'
HNCRUYKVEJ'

AG. Volkswagen AG d

agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
u
s a ra
c
s
ce
le
un
pt
an
d
itte
y li

erm
ab
ility
ot p
wit

is n
h re
2CIG
ole,
spec
HNCRECDNG 2CIG
t to the co

ä+PVCMGJQWUKPI
t9KVJHTGUJTGEKTEWNCVKPICKTHNCR
rrectne

ss o
cial p
f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

VTQNU
t8GJKENGU4
2CIG
2CIG
'

UYKVEJ'
HNCRUYKVEJ'
EQPVTQN'

2CIG
HNCRECDNG 2CIG

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte

y li
erm
ab

ility
ot p
wit
, is n
EWNCVKPICKTHNCR
h re
hole
spec
es, in part or in w
t to the co
ITCO 2CIG
t4GOQXKPI (KI

rrectness of i
l purpos
t%JGEMKPI 2CIG
XCEWWOJQUGEQPPGEVKPIFKC
nf
ercia
ITCO
rm
m
atio
t4GRNCEKPI
om
n in
or c
thi
te
sd
iva
UKFGCKTDCIWPKV
o
r
rp
cu
o
m
f
en
ng
t.
op
yi Co
py ITQWR4GOQXKPICPFKPUVCNNKPI
C

t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

ä(TGUJCKTDNQYGT8
t4GPGYKPI4GOQXGFCUJRCPGN
äCPFNQQUGPECTTKGTä
QPTKIJVJCPFUKFG
t$GHQTGKPUVCNNKPIEQCVEQPVCEV
UWTHCEGUYKVJ#/8

ä'XCRQTCVQTVGORGTCVWTGUYKVEJ

'
t+PUGTVKQPFGRVJQHUGPUQTVWDG
OO
t4GPGYKPI (KI
t6CUMRTGXGPVUKEKPIWR
t5YKVEJKPIVGORGTCVWTGU
QRGPUCVQTDGNQY%

ä%GPVTCNXGPV
t4GOQXKPI 2CIG

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

hole
spec
ä%CTTKGT
es, in part or in w

t to the co
ä(QQVYGNNQWVNGVEQPUQNG
t4GOQXKPI (KI
rrectness of i

ä5GTKGUTGUKUVCPEG0
l purpos
t4GPGYKPI (KI

nform
ercia
ä4GPGYKPIEGPVTGCKTFWEV

m
at

om
äCPFECTTKGT
ion

c
in t

or
his

e
ä9CVGTFTCKPXCNXG
at
do
riv
t6JGXCNXGOWUVPQVDG
p
cum
or

f
DNQEMGFYCVGTFTCKP
en
ng
t.
yi Co
. Cop py
ä9CVGTFTCKPRKRG
t rig
gh ht
yri by
t4GOQXKPICPFKPUVCNNKPIYCVGT
cop Vo
by lksw
cted
FTCKPRKRGKPRCUUGPIGTEQO
agen
Prote AG.
RCTVOGPV
(KI

ä%GPVTCNHNCR
t0QTGRNCEGOGPVRCTV

ä#KTEQPFKVKQPGTCPFJGCVGT

ä(QQVYGNNFGHTQUVHNCR
t0QTGRNCEGOGPVRCTV

ä*GCVGZEJCPIGT
t)CUMGVUOWUVDGDQPFGFICR
HTGGCNNCTQWPF

t#HVGTTGOQXCNTGRNCEGEQO

RNGVGEQQNCPV

ä%QPPGEVKPIRKGEGFGHTQUV
t4GPGYKPIäTGOQXGFCUJ
RCPGNDGHQTGJCPF

ä#KTEQPFKVKQPGTUYKVEJQHHTGNC[
,
t#DQXGTGNC[RNCVG
t1PN[QPXGJKENGUYKVJGPIKPG
EQFGU#'5CPF#%8
t%QPVTQNPWODGT

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w
3

(KI4GOQXKPICPFKPUVCNNKPIXCEWWOWPKVHQTHTGUJCPF
t to the co
TGEKTEWNCVKPICKTHNCR

4GOQXKPI
rrectness of i


l purpos
nf
ercia
o

rm
m
atio
om

n in

c
+PUVCNNKPI
or

thi
e
+PUVCNNKPTGXGTUGQTFGT
t
sd
iva

o

r
rp
cu

o
m
f
en
ng
3
t.

i
py
(KI4GPGYKPIUGTKGUTGUKUVCPEG0
Co
Co py

t.
rig
h ht
rig by
py
co
Vo
by lksw
cted

agen
Prote
AG.

ä5GTKGUTGUKUVCPEG

ä1XGTJGCVKPIHWUG

3

(KI4GOQXKPICPFKPUVCNNKPIYCVGTFTCKPRKRGKPRCUUGPIGTEQO
RCTVOGPV

0QVGU

t6JGYCVGTFTCKPRKRGOWUVDGRWUJGFKPVQFKUVTKDWVQTDQZQPVQ

UVQR

t+HVJGRKRGFQGUPQVUKVQPVJGYCVGTFTCKPXCNXGCUUJQYPKP
VJGKNNWUVTCVKQPVJGTGYKNNDGEQORNCKPVUQHYCVGTNGCMUKPRCU
UGPIGTEQORCTVOGPV

t6JGYCVGTFTCKPXCNXGOWUVPQVDGDNQEMGF

ä4GOQXGHQQVYGNNXGPVEQPUQNG (KI

6JGYCVGTFTCKPXCNXGKPVJGDWNMJGCFOWUVGPXGNQRVJGRKRGNKMG
CUGCNKPINKR

3 (KI4GPGYKPIGXCRQTCVQTVGORGTCVWTGUYKVEJ'

ä%QPPGEVQT

ä6GORGTCVWTGUYKVEJYKVJJQWUKPI

ä)TQOOGV

ä5GPUQTRKRGYKVJKPUGTVKQPFGRVJOCTMKPI

5GPUQTRKRGKPUGTVKQPFGRVJOO

ä5ETGYHQTGXCRQTCVQTJQWUKPIEQXGT
wage ä(KNNKUVGTJGCFUETGY

lks es n
o ot g
yV ua
se
d b ran
ri tee
utho or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

3

(KI4GOQXKPIHQQVYGNNXGPVEQPUQNG

ä4GOQXGVTKORCPGN
rrectness of i

l purpos

nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

4GOQXKPICPFKPUVCNNKPIJGCVKPICPFCKTEQPFKVKQPKPI
EQPVTQNU

8GJKENGU4

4GOQXKPI
3


ä4GOQXGCUJVTC[CPFCUJVTC[VTKORCPGN


2CIG(KI

3



ä2WNNEQPPGEVQTUQHH


AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
au ra
ss c
ce
le
un
pt
an
d
itte
y li
erm
ab
ility
ot p

wit
is n
h re
ole,
spec
t to the co

+PUVCNNKPI

rrectne
ä#VVCEJECDNGUVQEQPVTQNUDGHQTGKPUVCNNKPI

+PUVCNNKPICPFCFLWUVKPICKTFKUVTKDWVKQPECDNGU
s

s
2CIG
o
cial p

i
+PUVCNNKPICPFCFLWUVKPIVGORGTCVWTGHNCRECDNG
nform

mer
2CIG
atio

m
8GJKENGU4
o

n
c
i
or
4GOQXKPI
thi
te
sd
a

iv
o
pr
3 ä%CTGHWNN[NGXGTEQPVTQNVTKORCPGNQWVCVVJGNQECVKPINWIU
um
r

fo
en
ng
t.
yi
Co
Cop py
ht. rig
opy
rig by
Vo
ht
by c lksw
cted agen
Prote AG.

3



ä2WNNEQPPGEVQTUQHH


+PUVCNNKPI

ä#VVCEJECDNGUVQEQPVTQNUDGHQTGKPUVCNNKPI

+PUVCNNKPICPFCFLWUVKPICKTFKUVTKDWVKQPECDNGU

2CIG


2CIG

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

4GOQXKPIEQPVTQNUHQTTGCTJGCVKPICPFCKTEQPFKVKQP
KPI
rrectness of i

8GJKENGU4
l purpos

0QVG

nform
6JGTGOQXCNQHCPFVJGHWPEVKQPQHVJGEQPVTQNUHQTVJGTGCTJGCV
ercia
KPICPFCKTEQPFKVKQPKPIEQTTGURQPFVQVJGXGTUKQPYKVJQWVCKT
m
at
om
EQPFKVKQPKPI 2CIG(KI
i

on
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

JGCVKPICPFCKTEQPFKVKQPKPI
EQPVTQNU

8GJKENGU4
9CTPKPI

0QVGU
CPVKVJGHVEQFKPI
OGPVXGPVKNCVKQP

ä%QPPGEVQTRKP6

ä%QPPGEVQTRKP6E

ä%QNQWTGFHKNVGT

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w

t to the co

rrectness of i
ä%QPVTQNU
l purpos
'
t9KVJYCTOCKTDNQYGTUYKVEJ nform
ercia
'
m

at
om
'
io

n
c
in t
or
his
e
at
do
riv

p
cum
or
f
en
ng
i t.
py
Co
Co py
2CIG
ht. rig
rig ht
py by
by co
Vo
lksw
cted
HNCRECDNG 2CIG
agen
Prote AG.

ä4QVCT[MPQDU

ä5YKVEJ
t4GOQXKPI (KI
t(QTCKTEQPFKVKQPGT'
t(QTHTGUJCPFTGEKTEWNCVKPICKT
HNCR'
t9KVJKNNWOKPCVKQPDWND.

ä2TGUUDWVVQPU


lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re
3

(KI4GOQXKPICKTEQPFKVKQPGTUYKVEJ'CPFHTGUJCPFTGEKTEW
hole
spec
NCVKPICKTHNCRUYKVEJ'
es, in part or in w
t to the co

ä2WNNEQPPGEVQTQHHUYKVEJ

ä2TGUUUYKVEJCVVJGHQWTNQECVKPIRQKPVUCTTQYUCICKPUVVJG
EQPVTQNUCPFKPFKTGEVKQPQHDWVVQPUUKOWNVCPGQWUN[
rrectness of i

l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

8GJKENGU4
9CTPKPI

0QVGU
CPVKVJGHVEQFKPI

OGPVXGPVKNCVKQP

ä%QPVTQNU
'
UYKVEJ'
HNCRUYKVEJ'
EQPVTQN'

lkswage es n
o ot g
byV ua
d ran
ir se te
tho eo
au ra
ss c
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit
, is n

h re
hole
spec
es, in part or in w
t to the co
2CIG
HNCRECDNG 2CIG
rrectness of i

l purpos
ä%QNQWTGFHKNVGT

ä6TKORCPGN
nform
ercia

m
at
om
ion
t3V[
c
in t
or

his
ate
do
riv
ä4QVCT[EQPVTQN
p
cum
or
t(QTDNQYGTURGGF
f
en
ng
t.
op
yi t6QTGOQXG7UGRNKGTUYKVJ Co
py
t. C rig
gh ht
yri
VGEVKQPHQTLCYU
p by
co Vo
by lksw
Prote
cted AG.
agen

ä4QVCT[EQPVTQN
t(QTCKTFKUVTKDWVKQP
VGEVKQPHQTLCYU


ä4QVCT[EQPVTQN
t(QTKPVGTKQTVGORGTCVWTG
VGEVKQPHQTLCYU

AG. Volkswagen AG d

agen oes
olksw not
yV gu
db ara
rise nte
tho eo
u
s a ra
c
s

+PUVCNNKPICPFCFLWUVKPIJGCVKPICPFCKTEQPFKVKQPKPI
ce
le
un
pt

ECDNGU
an
d
itte
y li
erm
ab

0QVGU
ility
ot p
wit

t(KTUVCVVCEJECDNGUVQTGOQXGFEQPVTQNU
is n
h re
ole,
t2NCEGQWVGTECDNGCICKPUVUVQRUQPEQPVTQNUCPFUGEWTG
spec
(KVVKPIECDNGUVQVJGEQPVTQNU
t to the co

3 ä%GPVTCNHNCRECDNG

rrectne

+FGPVKHKECVKQP[GNNQYITGGPXGJKENGU4

+FGPVKHKECVKQPDNWG[GNNQYXGJKENGU4

ss
o

cial p
f in
ä#VVCEJEGPVTCNHNCRECDNGCTTQY&
form
mer
ä5GEWTGECDNGVQEQPVTQNYKVJENKRCTTQY$
atio
om
ä#FLWUVECDNGCVEGPVTCNHNCR (KI
n
c
i
or

thi
e

t
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

3

ä(QQVYGNNCPFFGHTQUVHNCRECDNG

+FGPVKHKECVKQP[GNNQYDNWGXGJKENGU4

+FGPVKHKECVKQPDNWGITGGPXGJKENGU4


ä#VVCEJHQQVYGNNCPFFGHTQUVHNCRECDNGCTTQY%

ä5GEWTGECDNGVQEQPVTQNYKVJENKRCTTQY#

ä#FLWUVHQQVYGNNCPFFGHTQUVHNCRECDNG

(KI

3

(KI#FLWUVKPIECDNGCVEGPVTCNHNCR

ä5GEWTGECDNGVQEGPVTCNHNCRCTTQY$YJKNUVUKOWNVCPGQWUN[
RTGUUKPINGXGTCTTQY#KPFKTGEVKQPQHCTTQY

AG. Volkswagen AG d
agen oes
olksw not
yV
3 gu

b
(KI#FLWUVKPIECDNGCVHQQVYGNNCPFFGHTQUVHNCR
rised ara
nte

ho eo
ä5GEWTGECDNGVQHQQVYGNNHNCRCTTQY#YJKNUVUKOWNVCPGQWUN[
aut ra
s
RTGUUKPINGXGTCTTQY$KPFKTGEVKQPQHCTTQY
s c
ce
e

nl
pt

du
an

itte
y li
erm

ab

+FGPVKHKECVKQPTGFDNWGXGJKENGU4
ility
ot p

wit

+FGPVKHKECVKQPDNWGYJKVGXGJKENGU4
, is n

h re
hole
spec

es, in part or in w
t to the co

rrectness of i

0QVG
l purpos

6JGHNCRYJGPVWTPKPIVJGTQVCT[MPQDVQCPFHTQOWUVEQPVCEV
3 VJGUVQRUCWFKDN[
nform
ercia

ä6WTPTGIWNCVKPIXCNXGTQVCT[MPQDVQNGHVQPVQUVQR

m
at

om
ä#VVCEJVGORGTCVWTGHNCRECDNGCTTQY
ion
c
in t
ä5GEWTGECDNGYKVJENKRVQEQPVTQNKVGO
or
his
te

a

do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

3

ä2TGUUVGORGTCVWTGHNCRNGXGTCTTQY#QPVQUVQR

ä5GEWTGECDNGVQEQPVTQNYKVJENKRCTTQY$

4GOQXKPICPFKPUVCNNKPIEGPVTCNHNCRNGXGT

4GOQXKPI
3
ä4GNGCUGKPVGTOGFKCVGRKGEGKVGOTGVCKPGTUCTTQY#YKVJC
UETGYFTKXGTQPFKUVTKDWVKQPDQZCTTQY%

ä4GNGCUGTGVCKPGTUCTTQY$YKVJCUETGYFTKXGTQPFKUVTKDWVKQP

DQZCTTQY%

ä4GOQXGEGPVTCNHNCRNGXGTKVGO

+PUVCNNKPI

+PUVCNNKPTGXGTUGQTFGTYJGPFQKPIVJKUGPUWTGEQTTGEVHKVVKPIRQ
UKVKQPCTTQY&CPF'

AG. V5GTXKEKPICKTEQPFKVKQPKPICPF
olkswagen AG
agen
Volksw JGCVKPIäGPIKPGEQORCTVOGPV
does
not
gu
by
ara
d
orise nte
th eo
au 0QVG ra
c
s
s
ce
e
nl
pt

du
an
itte
y li

erm
ab
ility
ot p

wit
, is n

h re

hole
ä(KNVGTJQWUKPI
spec

es, in part or in w
t4GOQXKPICPFKPUVCNNKPIFWUV
t to the co
CPFRQNNGPHKNVGT 2CIG

rrectness of i
ä8CEWWOTGUGTXQKT
l purpos
t+PUGTVKQPFGRVJHQTXCEWWO
JQUGOO
nf
ercia
ITCO 2CIG
rm
m
atio

m

o
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

ä*GCVGZEJCPIGTCPFXCEWWO
JQUGIWKFG

ä%QQNCPVEWVQHHXCNXGVYQYC[
XCNXG0
t%JGEMKPI 2CIG
XCEWWOJQUGEQPPGEVKPIFKC
ITCO

ä9CVGTFTCKPRKRG

RCTVOGPV
(KI

ä4GNC[
ä4GNC[RQUKVKQPU
%WTTGPVHNQYFKCITCOU'NGEVTKECN
HCWNVHKPFKPICPF(KVVKPINQECVKQPU

ä5GRCTCVGHWUGUHQTEQQNCPVHCP
5
t3V[

ä5GTKGUTGUKUVCPEGHQTEQQNCPVHCP
0

ä9CVGTFTCKPXCNXG
t6JGXCNXGOWUVPQVDG
agen AG. Volkswagen AG doDNQEMGFYCVGTFTCKP
w es n
olks ot g
d byV ua
ran
ir se ä%QQNCPVUJWVQHHXCNXG
tee
tho
u or
t&WTKPIEQPVKPWGFEQQNCPVEKT
ss
a ac
EWNCVKQP
YJGPGPIKPGKU
ce
e
nl
pt
UYKVEJGFQHHVJGXCEWWOWPKV
du

an
itte
KUTGNKGXGF6JGEQQNCPVUJWV
y li

erm
ab
QHHXCNXGCNNQYUEQQNCPVVQ
ility
ot p
HNQYHTQOGPIKPGVQTCFKCVQT
wit
, is n
XKCEQPVKPWGFEQQNCPVEKTEWNC
h re
hole
VKQPRWOR8
spec
es, in part or in w
t%QQNCPVUJWVQHHXCNXGXCEWWO
t to the co
WPKVEQPVTQNNGFD[EQQNCPV
UJWVQHHXCNXGVYQYC[XCNXG
0
rrectness of i

l purpos
ä%QPFGPUGT

ä2TGUUWTGTGNKGHXCNXG
nform
ercia
t6CUM2TQVGEVUTGHTKIGTCPVEKT
m
at
EWKVCICKPUVQXGTRTGUUWTG
om
ion
t%JGEMKPI 2CIG
c
in t
or
(KI
his
ate
do
riv

p
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

ä#KTEQPFKVKQPGTRTGUUWTGUYKVEJ
(
t%JGEMKPICKTEQPFKVKQPGTRTGU
UWTGUYKVEJ( 2CIG

ä6KIJVGPKPIVQTSWG0O
ä4GPGY1TKPIUGCN
PQVG2CTV
0Q

ä6JGTOQUYKVEJHQTCKTEQPFK
VKQPGTEWVQHH(CPFVJGTOQ
UYKVEJHQTEQQNCPVHCPTF
URGGF(
t+PGPIKPGEQORCTVOGPVHTQPV
t(UYKVEJEQQNCPVHCP
KPVQTFURGGFCUVGORGTCVWTG
KPETGCUGU
QPCVu%QHHCV
u%
t(UYKVEJGUQHHOCIPGVKE
EQWRNKPI0CVGZEGUUKXGN[
JKIJEQQNCPVVGORGTCVWTG
QHH
CVu%QPCVu%
t4GOQXKPI (KI
t4GOQXKPICPFKPUVCNNKPIQP
XGJKENGUYKVJGPIKPGEQFG#'5
(KI

ä/CIPGVKEEQWRNKPI0

ä(NWKFTGUGTXQKTYKVJFTKGT
gen AG. Volkswagen AGd
wa oes
olks ä'XCEWCVKPICPFEJCTIKPIXCNXG
not
d byV gu
ara
rise
nte
o eo
aut
h ä'ZRCPUKQPXCNXG
ra
s c
s t1RGPKPIOWUVDGUGCNGFUWHHK
ce
e
nl
EKGPVN[VQUVQRKPITGUUQHYC
pt
du
an
VGT
itte
y li
erm
ab
t%JGEMKPIGZRCPUKQPXCNXGKP
ility
ot p
UWNCVKQPRKGEG (KI
wit
, is n

h re
hole
spec
es, in part or in w
t to the co
rrectness of i
l purpos
nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

3

(KI%JGEMKPIGZRCPUKQPXCNXGKPUWNCVKQPRKGEG

ä'ZRCPUKQPXCNXG

ä+PUWNCVQT

t6JGKPUWNCVQTRTGXGPVUFTQRKPCKTEQPFKVKQPGTGHHKEKGPE[ECWUGF
D[KPETGCUKPIVGORGTCVWTGUKPVJGGPIKPGEQORCTVOGPV

3

(KI4GOQXKPICPFKPUVCNNKPIVJGTOQUYKVEJHQTCKTEQPFKVKQPGT
EWVQHH(CPFVJGTOQUYKVEJHQTTCFKCVQTHCPTFURGGF
(

0QVGU



t4GHKNNYKVJEQQNCPVCHVGTKPUVCNNKPIVJGTOQUYKVEJ

ä6JGTOQUYKVEJ((

ä1TKPI

ä%NKR

ä%QQNCPVJQUG

3

UJWVQHH(CPFVJGTOQUYKVEJHQTEQQNCPVHCPTFURGGF
(QPXGJKENGUYKVJGPIKPGEQFG#'5

0QVGU

AG. Volkswagen AG d
agen
oes
y Volksw not
b
d UCT[TGNGCUGRTGUUWTGDGHQTGECTT[KPIQWVTGRCKTU
gu
ara
ise
nte
or t4GHKNNYKVJEQQNCPVCHVGTKPUVCNNKPIVJGTOQUYKVEJ
eo
auth
ra
ss
ä%NKR c
ce
le

un
ä6JGTOQUVCVJQWUKPI
pt
an
d
itte

y li
ä1TKPI
erm
ab

ility
ä6JGTOQUYKVEJ((
ot p
wit
is n
ä6GORGTCVWTGUGPFGTUYKVEJ)(
h re
ole,
ä%QQNCPVVGORGTCVWTGUGPFGT)
spec

t to the co
rrectness o
cial p
f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
o Vo

by c lksw
cted agen
Prote AG.

3

RCTVOGPV

0QVGU


UVQR


UGPIGTEQORCTVOGPV


2CIG(KI
CUGCNKPINKR

8CEWWOJQUGEQPPGEVKQPFKC
ITCO

agen
AG. Volkswagen AG d
oes
0QVGU
ksw t6JGCTTQYUKPVJGKNNWUVTCVKQPRQKPV
ua
ol not
y V g
db r KPFKTGEVKQPQHUWEVKQP
ris
e ante
ho e ot+PUGTVKQPFGRVJHQTXCEWWOJQUGKP
au
t ra
ss cXCEWWOTGUGTXQKTOORWUJQP

ce
e
FGRVJHQTXCEWWOJQUGQPRNCUVKE
nl
pt

du
an
RKRGQPVQUVQR
CRRTQZOO
itte

y li
erm
t6JKUKNNWUVTCVKQPUJQYUCXGJKENG
ab

ility
ot p
YKVJGPIKPGEQFG#'5

wit
, is n

h re
hole
spec
XCEWWOWPKV
es, in part or in w
t to the co

ä4QWVKPIQHXCEWWOJQUGU
rrectness of i
VQTGCTHTGUJCPFTGEKTEWNCVKPI
CKTVYQYC[XCNXG0
l purpos
t1PN[HQTXGJKENGUYKVJRCUUGP
IGTEQORCTVOGPV
nf
ercia

o

rm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

VYQYC[XCNXG0
t0QEWTTGPVPQVJTQWIJHNQY
t4GRNCEKPI
UKFGCKTDCIWPKV
ä%JGEMCHVGTCVVCEJKPIXCEWWO
JQUGU
t9JGPEQPPGEVGFVJGXCEWWO
WPKVOWUVRWNNKPKHXQNVCIGCPF
XCEWWOCTGRTGUGPV
WPKVKUXGPVGFKHXCEWWOKU
RTGUGPVCPFXQNVCIGKUPQV

ä8CEWWOWPKVEQPPGEVKQP

agen AG. Volkswagen AG do ä+PVCMGOCPKHQNFEQPPGEVKQP
w es no
olks
byV t gu
ara
ed
ä6YQYC[XCNXGHQTEQQNCPVEWV
ris nte
ho eo
ut ra QHHXCNXG0
ss
a c
t0QEWTTGPVPQVJTQWIJHNQY
ce
e
nl
pt
ä%JGEMCHVGTCVVCEJKPIXCEWWO
du

an
itte
JQUGU
y li

erm
ab
ility
ot p
wit
, is n
XCEWWOCTGRTGUGPV
h re
hole
spec
es, in part or in w
t to the co

ä8CEWWOJQUG
rrectness of i
t(TQOVYQYC[XCNXG0
l purpos
VQEQQNCPVEWVQHHXCNXG

nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

ä%QQNCPVEWVQHHXCNXG
EWNCVKQP
YJGPGPIKPGKU

VKQPRWOR8

0

ä0QPTGVWTPXCNXG
t#TTQYRQKPVUKPFKTGEVKQPQH
XCEWWO

ä(TQODTCMGUGTXQXCEWWOJQUG
EQPPGEVKQP
EQFG##$

ä8CEWWOWPKV
EQFG##$

AG. Volkswagen AG d ä6QKPVCMGOCPKHQNF
agen oes
olksw not
d by V gu
ara
rise nte
ä(TQODTCMGUGTXQ
tho eo
s au ra
c
s
ä8CEWWOTGUGTXQKT
ce
e
nl
pt

du
an
itte
ä8CEWWOJQUG
y li
erm
ab
t(TQOXCEWWOTGUGTXQKTKPGP
ility
ot p
IKPGEQORCTVOGPVVQHTGUJCPF
wit
, is n
TGEKTEWNCVKPICKTHNCRXCEWWO
h re
hole
WPKV
spec
es, in part or in w

t to the co
rrectness of i
l purpos
nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

4GOQXKPICPFKPUVCNNKPIEQO
RTGUUQTDTCEMGVäGPIKPGEQFG
#%7

5RGEKCNVQQNUYQTMUJQRGSWKROGPV
VGUVCPFOGCUWTKPICRRNKCPEGUCPF
CWZKVGOUTGSWKTGF
t8#)6QTSWGYTGPEJ

0O
0QVG
6JGEQORTGUUQTCPFVJGEQORTGUUQT
DTCEMGVECPQPN[DGTGOQXGFKPVJG
URGEKCNKUVYQTMUJQRUDGECWUGVJGTG
HTKIGTCPVOWUVHKTUVDGGZVTCEVGFYKVJ
UGTXKEGUVCVKQP8#)

ä%QORTGUUQT

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo ä/CIPGVKEENWVEJ
ut ra
ss a c t5GTXKEKPIOCIPGVKEEQWRNKPI
YKVJEQORTGUUQTTGOQXGF
ce
e

nl
pt
du
2CIG
an

itte
y li

erm

ab
ility
ä6JTGCFGFUNGGXG/
ot p

wit
t3V[
, is n

h re

hole

spec
ä*GZCIQPDQNV/Z

es, in part or in w
t0O
t to the co

ä*GZCIQPDQNV/Z

rrectness of i
t0O
t3V[
l purpos

ä6JTGCFGFUNGGXG/
nf
ercia

orm
ä%QORTGUUQTDTCEMGV
m
atio
m
t2CTV0Q'
o
n in
c

or
thi
e
ä#NVGTPCVQTDTCEMGV
t
sd
iva
o
r

rp
cu

o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

ä*GZCIQPDQNV/Z
t0O
t9KVJYCUJGTZZ

ä*GZCIQPDQNV/
t0O

AG. Volkswagen AG d

agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
u
s a ra
c
s

ce
le
un
pt

an
d
itte
y li
#'5
erm
ab
ility
ot p

wit
is n
h re
ole,
spec
CWZKVGOUTGSWKTGF
t to the co
t8#)6QTSWGYTGPEJ

0O
0QVG
rrectne

%QORTGUUQTDTCEMGVCPFTGNCVGFRCTVU
ECPDGTGOQXGFCPFKPUVCNNGFYKVJQWV
s

s
JCXKPIVQQRGPTGHTKIGTCPVEKTEWKV
o
cial p
f in

form
mer
ä#NVGTPCVQTEQORTGUUQTCPF
atio
m
2#5XCPGRWORDTCEMGV
o
n
c
t4GOQXKPI
i
or
n thi
e
ä(KTUVTGOQXGCNVGTPCVQTEQO
t
sd
iva
RTGUUQTäCPF2#5XCPG
pr
cum
r
fo
RWOR
en
ng
t.
yi

Co
. Cop py
rig
ht ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

ä4GOQXKPICPFKPUVCNNKPICNVGT
PCVQT
'NGEVTKECNU[UVGO4GRCKT)TQWR
4GOQXKPICPFKPUVCNNKPICNVGTPC
VQT
ä4GOQXKPICPFKPUVCNNKPI2#5
XCPGRWOR
4GRCKT)TQWR4GOQXKPICPF
KPUVCNNKPI2#5XCPGRWORQPXGJK

ENGUYKVJCPFE[NKPFGTGPIKPGU

t+PUVCNNKPI
ä(KTUVHKVHKVVGFDQNVUKVGO

ä9CUJGTZZ

ä(KVVGFDQNV/Z
t0O

ä5QEMGVJGCFEQODKDQNV/Z
t0O

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte

y li
erm
ab

ility
ot p
ä4GHTKIGTCPVJQUGU
wit
, is n

h re
hole
ä%QORTGUUQT
spec
t4GOQXKPI
es, in part or in w

t to the co
ä6WTPQWVVJGJGZCIQPDQNVU
äCHGYTGXQNWVKQPUCPFFTKXG
DCEMVJGURTKPIRKP%QPVKPWG
rrectness of i
VWTPKPIQWVVJGJGZCIQPDQNVU

l purpos

ä&QWDNGTKDDGFDGNVU
t4GOQXCNCPFKPUVCNNKPI
nf
ercia

o
E[NKPFGTKPLGEVKQPGPIKPG/G
rm
m
atio
EJCPKEU4GRCKT)TQWR4GOQXKPI
om
n in
CPFKPUVCNNKPITKDDGFDGNVU
or c
thi

te
sd
a
ä*GZCIQPDQNV/Z
iv
o
r
rp
cu
t0O
o
m
f
en
ng

t.
yi Co
op
ä5QEMGVJGCFEQODKDQNV/Z
C py
t. rig
gh ht
copyri by
Vo t0O

by lksw
cted agen
Prote AG.

##$

CWZKVGOUTGSWKTGF
t8#)6QTSWGYTGPEJ

0O
0QVG

ä%QORTGUUQT
t/WUVDGKPUVCNNGFQPVJGEQO
RTGUUQTCPFVGPUKQPKPIDTCEM
GVUUQVJCVVJGQKNHKNNGTFTCKP
RNWIKUQPVQRCTTQY

ä$WUJ

ä$WUJ
t3V[

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

hole
spec
ä9CUJGTZZ
es, in part or in w
t3V[
t to the co

ä%QORTGUUQTOQWPVKPIDTCEMGV
rrectness of i

ä#FLWUVOGPVDQNV/
l purpos
t(QTVGPUKQPKPI8DGNV
0QVG

nform
ercia
6JG8DGNVUCTGEQTTGEVN[VGPUKQPGF

YJGPVJG[ECPDGFGHNGEVGFOOVQ
m
at

om
OOD[VJWODRTGUUWTG
CRRTQZ
ion

c
in t
0
or
his

e

at
do
riv
ä5QEMGVJGCFDQNV/Z
p
cum
or

f
t0O
en
ng
t.
yi

Co
Cop py t3V[

.

t rig
gh ht
yri by
ä5QEMGVJGCFDQNV/Z
cop Vo
by lksw
cted
t0O
agen
Prote AG.

ä9CUJGTZZ
t3V[

ä*GZCIQPDQNV/Z
t0O
t3V[

ä*GZCIQPDQNV/Z
t0O
t3V[

ä*GZCIQPDQNV/Z
t0O
t3V[

ä9CUJGTZZ

t3V[

ä$TCEMGVHQTCWZKNKCT[WPKV
t2CTV0Q

ä6GPUKQPGT

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w

t to the co

#%8
rrectness of i

l purpos
nf
ercia
CWZKVGOUTGSWKTGF
orm
t8#)6QTSWGYTGPEJ

m
atio
m
0O
o
n in
c
0QVG
or

thi
e
t
sd
a

iv
o
r
rp
cu

o
m
f
en
ng
i t.
py Co
. Co py
rig
ä%QORTGUUQT
ht
rig ht
py by

co Vo
by lksw
cted
ä6JTGCFGFDWUJ/
agen
Prote AG.
t3V[

ä*GZCIQPDQNV/Z
t0O

ä%QORTGUUQTDTCEMGV

ä*GZCIQPDQNV/Z
t0O

ä#NVGTPCVQTDTCEMGV

ä*GZCIQPDQNV/Z
t0O
t9KVJYCUJGTZZ

ä*GZCIQPDQNV/
t0O

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

%NKOCVTQPKEäCKTEQPFKVKQPGTYKVJCWVQOCVKE

TGIWNCVKQP
rrectness of i

%QPVTQNCPFHWPEVKQPQHVJG%NKOCVTQPKEEQPVTQNCPF
l purpos
FKURNC[WPKV'
nf
ercia

8GJKENGU4
orm
m

atio
m
3 ä&CUJRCPGNVGORGTCVWTGUGPUQT)
o

n in
or c

thi
e
ä&KURNC[#761
CWVQOCVKEQRGTCVKQP'%10
EQORTGUUQT
t
sd
iva

o
QHHQT1((
GPVKTGU[UVGOQHH
r
rp
cu

o
m
f
ä$NQYGTURGGFFKURNC[HQTFTKXGT UEQORCTVOGPV
en
ng
t.
op
yi

Co
ä#ODKGPVVGORGTCVWTGFKURNC[
py

t. C rig
gh ht
yri
ä#ODKGPVVGORGTCVWTGKUOGCUWTGFD[CODKGPVVGORGTCVWTG
by
cop
by
Vo
lksw
Prote
cted UGPUQT)+PGXGPVQHHCKNWTGäCRRGCTUKPFKURNC[

AG.
agen
ä+HTQCFURGGFFTQRUDGNQYMOJ
CRRTQZORJCPF
VJGEQQNCPVVGORGTCVWTGKUCDQXGu%VJGXCNWGFKU
RNC[GFYKNNPQVEJCPIG6JGCEVWCNOGCUWTGFXCNWGKUPQV
FKURNC[GFDGECWUGCVUNQYURGGFUKVYKNNDGKPHNWGPEGFD[

VJGJGCVDWKNFWRKPVJGGPIKPG
ä9KPFUETGGPFGHTQUVFKURNC[

ä(TGUJCPFTGEKTEWNCVKPICKTFKURNC[

ä#KTHNQYFKTGEVKQPFKURNC[

ä5GNGEVGFKPVGTKQTVGORGTCVWTGHQTFTKXGT UEQORCTVOGPVFKU
RNC[

3

ä%GNUKWU(CJTGPJGKVUGNGEVKQPDWVVQP

ä $NQYGTURGGFFKURNC[HQTRCUUGPIGT UEQORCTVOGPV

ä 5GNGEVGFKPVGTKQTVGORGTCVWTGHQTRCUUGPIGT UEQORCTV

OGPVFKURNC[

ä #WVQOCVKEQRGTCVKQPDWVVQP

ä $NQYGTURGGFHCUVGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä $NQYGTURGGFUNQYGTDWVVQPHQTFTKXGT UEQORCTVOGPV

VJKUDWVVQPCNUQUYKVEJGUU[UVGOQHH

ä 4GEKTEWNCVKPICKTDWVVQP

ä &GHTQUVYKPFUETGGPDWVVQP

ä #KTHNQYVQHQQVYGNNDWVVQP

ä #KTHNQYVQWRRGTDQF[DWVVQP

ä %QNFGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä 9CTOGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä $NQYGTURGGFUNQYGTDWVVQPHQTRCUUGPIGT UEQORCTV

OGPV
ä $NQYGTURGGFHCUVGTDWVVQPHQTRCUUGPIGT UEQORCTV
OGPV

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
au ra
ss c
ce
le
un
pt
an
d
itte
y li
erm
ab
ility
ot p

wit
is n
h re
ole,
spec
t to the co

3

ä %QNFGTDWVVQPHQTRCUUGPIGT UEQORCTVOGPV

rrectne

ä 9CTOGTDWVVQPHQTRCUUGPIGT UEQORCTVOGPV

ä '%10
EQORTGUUQTQHHDWVVQP

ss
0QVGU
o

cial p
f i

n
t6JGCWVQOCVKEEQPVTQNQHVJGU[UVGOECPDGKPHNWGPEGFYKVJ
form
mer
DWVVQPUCPF
atio
m
t6JG%NKOCVTQPKEECPQPN[DGEQORNGVGN[UYKVEJGFQHHYKVJDWV
o
n
c
VQP6QFQVJKURTGUUVJGDWVVQPWPVKN1((CRRGCTUKPVJG
or

thi
te
FKURNC[$GECWUGKPVJKUHWPEVKQPVJGHNCRUUJQWNFTGOCKPKPVJG
sd
iva
o
r
NCUVUGVRQUKVKQPVJKUUGVVKPIUJQWNFQPN[DGWUGFKPGZEGRVKQPCN
p
cum
r
fo
EKTEWOUVCPEGUGIKPECUGQHCOCNHWPEVKQP
en
ng
t.

yi Co
op
t#VGORGTCVWTGFGXKCVKQPQHvu%EQORCTGFVQVJGUGNGEVGF
C py
ht. rig
ECDVGORGTCVWTGKURQUUKDNGXKCVJGDWVVQPUHQTYCTOGT
rig ht
py by
o Vo
KPRCUUGPIGTEQORCTVOGPVCPFVJGDWVVQPHQTEQNFGTKP
by c lksw
cted agen
Prote
RCUUGPIGTEQORCTVOGPV
AG.

t+P'%10QRGTCVKQPQPN[VJGEQORTGUUQTKUUYKVEJGFQHHVJG
JGCVKPICPFXGPVKNCVKQPQRGTCVKQPEQPVKPWGUVQDGEQPVTQNNGF

GNGEVTQPKECNN[
t2TGUUKPIVJGDWVVQP#761YKNNTGXGTUGCNNUGVVKPIUYJKEJ
FGXKCVGHTQOVJGCWVQOCVKEQRGTCVKQP

8GJKENGU4

3 ä&CUJRCPGNVGORGTCVWTGUGPUQT)

ä&GHTQUVYKPFUETGGPDWVVQP

ä$NQYGTURGGFFKURNC[HQTFTKXGT UEQORCTVOGPV

ä&KURNC[#761
CWVQOCVKEQRGTCVKQP'%10
EQORTGUUQT

QHHQT1((
GPVKTGU[UVGOQHH
ä#ODKGPVVGORGTCVWTGFKURNC[

ä#ODKGPVVGORGTCVWTGKUOGCUWTGFD[CODKGPVVGORGTCVWTG
UGPUQT)+PGXGPVQHHCKNWTGäCRRGCTUKPFKURNC[

ä+HTQCFURGGFFTQRUDGNQYMOJ
CRRTQZORJCPF
VJGEQQNCPVVGORGTCVWTGKUCDQXGu%VJGXCNWGFKU
RNC[GFYKNNPQVEJCPIG6JGCEVWCNOGCUWTGFXCNWGKUPQV
FKURNC[GFDGECWUGCVUNQYURGGFUKVYKNNDGKPHNWGPEGFD[

VJGJGCVDWKNFWRKPVJGGPIKPG
ä9KPFUETGGPFGHTQUVFKURNC[

ä(TGUJCPFTGEKTEWNCVKPICKTFKURNC[

ä#KTHNQYFKTGEVKQPFKURNC[

ä5GNGEVGFKPVGTKQTVGORGTCVWTGHQTFTKXGT UEQORCTVOGPVFKU

RNC[
ä $NQYGTURGGFFKURNC[HQTRCUUGPIGT UEQORCTVOGPV
gen AG
. Volkswagen AG
d
wa oes
olks not
byV gu
ara
ed nte
ris
tho eo
au ra
c
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

ä 5GNGEVGFKPVGTKQTVGORGTCVWTGHQTRCUUGPIGT UEQORCTV

OGPVFKURNC[
rrectness of i

ä #WVQOCVKEQRGTCVKQPDWVVQP

l purpos
ä 6TKOITKNNG

ä 4GEKTEWNCVKPICKTDWVVQP
nform
ercia
ä $NQYGTURGGFHCUVGTDWVVQPHQTFTKXGT UEQORCTVOGPV

m
at

ä $NQYGTURGGFUNQYGTDWVVQPHQTFTKXGT UEQORCTVOGPV

om
ion

VJKUDWVVQPCNUQUYKVEJGUU[UVGOQHH
c
in t
or

his
e
ä #KTHNQYVQWRRGTDQF[DWVVQP
at
do
riv

p
ä #KTHNQYVQHQQVYGNNDWVVQP
um
or

f
en
g
3 ä %QNFGTDWVVQPHQTFTKXGT UEQORCTVOGPV

n
t.
yi Co

op py
ä 9CTOGTDWVVQPHQTFTKXGT UEQORCTVOGPV
. C

t rig
gh ht
yri by
ä $NQYGTURGGFUNQYGTDWVVQPHQTRCUUGPIGTEQORCTV
cop Vo
by lksw
cted
OGPV
VJKUDWVVQPCNUQUYKVEJGUU[UVGOQHHKPRCUUGPIGTEQO
agen
Prote AG.

RCTVOGPV
ä $NQYGTURGGFHCUVGTDWVVQPHQTRCUUGPIGT UEQORCTV

OGPV
ä %QNFGTDWVVQPHQTRCUUGPIGT UEQORCTVOGPV

ä 9CTOGTDWVVQPHQTRCUUGPIGT UEQORCTVOGPV

ä '%10
EQORTGUUQTQHHDWVVQP

0QVGU

t6JGCWVQOCVKEEQPVTQNQHVJGU[UVGOECPDGKPHNWGPEGFYKVJ
DWVVQPUCPF

t6JG%NKOCVTQPKEECPQPN[DGEQORNGVGN[UYKVEJGFQHHYKVJDWV

VQP6QFQVJKURTGUUVJGDWVVQPWPVKN1((CRRGCTUKPVJG

FKURNC[$GECWUGVJKUHWPEVKQPNGCXGUVJGHNCRUKPVJGNCUVUGV
RQUKVKQPVJKUOGVJQFQHUGVVKPIUJQWNFQPN[DGWUGFKPGZEGR

VKQPCNEKTEWOUVCPEGUGIKPECUGQHCOCNHWPEVKQP
t6JGTGCTU[UVGOECPDGUJWVQHHXKCVJGDWVVQPHQT
DNQYGTURGGFUNQYGTKPRCUUGPIGTEQORCTVOGPV6QFQVJKU
RTGUUVJGDWVVQPWPVKNPQDNQYGTURGGFCRRGCTUKPVJGFKURNC[

HQTRCUUGPIGTEQORCTVOGPV
t#VGORGTCVWTGFGXKCVKQPQHvu%EQORCTGFVQVJGUGNGEVGF
ECDVGORGTCVWTGKURQUUKDNGXKCVJGDWVVQPUHQTYCTOGT
KPRCUUGPIGTEQORCTVOGPVCPFVJGDWVVQPHQTEQNFGTKP
RCUUGPIGTEQORCTVOGPV

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w

t+P'%10QRGTCVKQPQPN[VJGEQORTGUUQTKUUYKVEJGFQHHVJG
t to the co
JGCVKPICPFXGPVKNCVKQPQRGTCVKQPEQPVKPWGUVQDGEQPVTQNNGF
GNGEVTQPKECNN[
rrectness of i

t2TGUUKPIVJGDWVVQP#761YKNNTGXGTUGCNNUGVVKPIUYJKEJ
l purpos

FGXKCVGHTQOVJGCWVQOCVKEQRGTCVKQP
t2TGUUKPICPFJQNFKPIVJGDWVVQP'%10CPFCNUQCEVKXCV
KPIVJGDWVVQP#761UYKVEJGUVJGFKURNC[DGVYGGPFG
nform
ercia
ITGGU%GNUKWUCPF(CJTGPJGKV6JGUGNGEVGFVGORGTCVWTGWPKV
m
at
CRRGCTUKPVJGFKURNC[
om
ion
c

in t

or
his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

5GTXKEKPI%NKOCVTQPKEäFCUJ
RCPGNCTGC

0QVG

ä%NKOCVTQPKETGNC[,
t%JGEMKPIUGNHFKCIPQUKUWUKPI

8#)
t%QPVTQNPWODGT

ä(WUGHQTHTQPV%NKOCVTQPKE5
t#DQXGTGNC[RNCVG

ä(WUGHQTUGEQPFGXCRQTCVQT
DNQYGT5
t#DQXGTGNC[RNCVG

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

hole
spec
ä9CTOCKTDNQYGTHWUG5
es, in part or in w
t#DQXGTGNC[RNCVG
t to the co

ä5WPNKIJVRGPGVTCVKQPRJQVQUGP
rrectness of i
UQT)
l purpos
8#)
t6CUMUEQPVTQNUVGORGTCVWTG

nf
ercia
HNCRCPFHTGUJCKTDNQYGTFG
o

rm
RGPFKPIQPNKIJVKPVGPUKV[
m
atio

m
t+PGXGPVQHHCKNWTGEQPVTQNWPKV
o
n in

c
,CUUWOGUHKZGFXCNWG
or
thi

e
t4GOQXKPI4GOQXGEQXGTHQT
t
sd
iva
o
r
NGHVJCPFNQWFURGCMGTRWNNQHH
rp
cu
o
m
f
EQPPGEVQTRTGUURJQVQUGPUQT
en
ng
t.
yi Co
. Cop QWVHTQOKPUKFGQWVYCTFU py

t rig
gh ht
yri by
ä$NQYGTTGNC[,
cop Vo
by lksw
cted
t(QTYCTOCKTDNQYGTCPF
agen
Prote AG.
DNQYGTHQTPFGXCRQTCVQT
8#)
t%QPVTQNPWODGT

ä&CUJRCPGN
FCUJRCPGN

ä%NKOCVTQPKEEQPVTQNWPKV,
t8GJKENGU4


8#)
t4GOQXKPI (KI
t#HVGTKPUVCNNKPICPGYEQPVTQN
WPKVEJGEMEQPVTQNWPKVEQFKPI
2CIG%QFKPI%NK
OCVTQPKEEQPVTQNWPKV

ä6GORGTCVWTGUGPUQTDNQYGT
8
t8GJKENGU4
8#)
t5ETGYGFQPVQQRGTCVKPICPF
FKURNC[WPKV'
t.GXGTQWVYKVJCUETGYFTKXGT

lkswage es n
o ot g
byV ua
d ran
ir se te
tho eo
au ra
ss c
ce
e
nl
pt
du
an
itte
y li
erm
ab

ility
ot p
ä%QPVTQNCPFFKURNC[WPKV'
wit
, is n
t8GJKENGU4
h re
hole
t9KVJKPUVCNNGFFCUJRCPGNVGO
spec
RGTCVWTGUGPUQT)
es, in part or in w
t to the co
t1RGTCVKQPCPFHWPEVKQP
2CIG
rrectness of i
8#)

l purpos
t4GOQXKPI.GXGTEQPVTQNCPF

FKURNC[WPKV'QWVYKVJC
UETGYFTKXGTHTQODGNQYCPF
nform
ercia
RWNNQWVWUKPIITKRUVTKR
m
at

om
ion
ä%QPVTQNCPFFKURNC[WPKV'
c
in t
or
t8GJKENGU4
his
ate
do
t9KVJKPUVCNNGFFCUJRCPGNVGO
priv
cum
or
RGTCVWTGUGPUQT)
f
en
ng
t%QPVTQNWPKV,QRGTCVKPI
t.
yi Co
op
CPFFKURNC[WPKV'CPF
C py
t. rig
gh ht
copyri FCUJRCPGNVGORGTCVWTGUGPUQT
by
Vo
)YKVJVGORGTCVWTGUGPUQT
by lksw
cted agen
Prote AG.
DNQYGT8CTGEQORQPGPVU
VJCVECPPQVDGFKUOCPVNGF

t1RGTCVKQPCPFHWPEVKQP
2CIG
8#)
2CIG
t4GRNCEKPICPFCFLWUVKPI
+PVTQFWEG%QFKPIEQPVTQN
WPKVHWPEVKQPCPFVJGP

$CUKEUGVVKPIU(WPEVKQP

YKVJ8#)
2CIG%NKOCVTQPKE
UGNHFKCIPQUKU

EWNCVKPICKTHNCR
ITCO 2CIG
t4GOQXKPI (KI

AG. Volkswagen AG d

agen oes
olksw not
yV gu
db ara
rise nte
tho eo
u
s a ra
c
s

ce
le
un
pt
ä(TGUJCKTDNQYGT8
an
d
itte
y li
erm
ab
8#)
ility
ot p
wit

is n
h re
äCPFNQQUGPECTTKGTä
ole,
spec
QPTKIJVJCPFUKFG
t to the co
UWTHCEGUYKVJ#/8

rrectne
ä(TGUJCKTDNQYGTEQPVTQNWPKV
,
ss
t6CUMRTGEKUGN[EQPVTQNUHTGUJ
o
cial p
f in
CKTDNQYGTURGGFFGRGPFKPIQP
form
mer
XQNVCIG
atio
om
n
c
8#)
i
or
n thi
e
t4GOQXKPI (KI
t
sd
va

i
o
pr
cum
r
fo
ä2QUKVKQPKPIOQVQTEQPPGEVQTU
en
ng
t.
yi
t#NNQECVKQP (KI
Co
Cop py

. rig

ht ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

ä8CNXGUVTKR0
t+HPQEWTTGPVKUHNQYKPIKPVJG
XCNXGUVTKRPQXCEWWOKUETG
CVGF
8#)
(KI


ITCO 2CIG

ä'XCRQTCVQTVGORGTCVWTGUYKVEJ
'
8#)
OO
t4GPGYKPI (KI
QRGPUCVQTDGNQY%

ä%CTTKGT

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho ä(QQVYGNNXGPVEQPUQNG eo
ut ra
ss a
t$GHQTGKPUVCNNKPIVJGHQQVYGNN
c
XGPVKPUGTVVJGXGPVVGORGTC
ce
e

nl
pt
du
VWTGUGPFGT)VWTP
an

itte
y li
VJTQWIJuCPFNQEM
erm

ab
ility

ot p
ä(TQPVXGPVVGORGTCVWTGUGPFGT wit
, is n
) h re
hole
spec
t+PGXGPVQHHTQPVXGPVVGO

es, in part or in w
RGTCVWTGUGPFGT)HCKNWTG
t to the co
EQPVKPWGFQRGTCVKQPCUUWOKPI
XCNWGQH u%
rrectness of i
8#)
l purpos

ä4GPGYKPIEGPVTGCKTFWEV
nform
ercia
t9KVJTGIWNCVKPIHNCRHQTEGPVTG
XGPV
m
at
om
on
c
in t
äCPFECTTKGT
or
his
e

at
do
riv
ä9CVGTFTCKPXCNXG
p
cum
for
t6JGXCNXGUOWUVPQVDG
en
ng
i t.
py Co
. Co DNQEMGFYCVGTFTCKP py
rig

ht
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

ä8CEWWOWPKVHQTEGPVTGXGPVHNCR
t8GPVKNCVGF%GPVTGXGPVENQUGF
ITCO 2CIG
t4GOQXKPI (KI

ä9CVGTFTCKPRKRG


RCTVOGPV
(KI

ä6GORGTCVWTGHNCRRQUKVKQPKPI
OQVQT8
8#)
t%JGEMKPICPFCFLWUVKPIGPF
RQUKVKQPQHKPUVCNNGFRQUKVKQPKPI
OQVQT 2CIG
t4GOQXKPI(KTUVTGOQXGRCU
UGPIGTUKFGHQQVYGNNXGPVEQP
UQNGCPFHQQVYGNNVTKO

AG. Volkswagen AG d
agen ä%GPVTCNHNCRRQUKVKQPKPIOQVQT
oes
olksw not
d by V 8 gu
ara
rise t%JGEMKPIUGNHFKCIPQUKUWUKPI
nte
tho eo
s au
8#) ra
c
s
ce
e
nl
pt
(KI
du

an
itte
y li

erm
ab
ä(QQVYGNNFGHTQUVHNCRRQUKVKQPKPI
ility
ot p
OQVQT8
wit
, is n
h re
hole
8#)
spec
es, in part or in w
t%JGEMKPICPFCFLWUVKPIGPF
t to the co
RQUKVKQPQHKPUVCNNGFRQUKVKQPKPI
OQVQT 2CIG
t4GOQXKPI(KTUVTGOQXGRCU
rrectness of i
UGPIGTUKFGHQQVYGNNXGPVEQP
l purpos
UQNGCPFHQQVYGNNVTKO

nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

ä%GPVTCNHNCR
t0QTGRNCEGOGPVRCTV

ä&KUVTKDWVQTCPFGXCRQTCVQTJQWU
KPI
t9KVJJGCVGZEJCPIGT
tYKVJGXCRQTCVQT

ä(QQVYGNNFGHTQUVHNCR

t0QTGRNCEGOGPVRCTV

ä*GCVGZEJCPIGT
HTGGCNNCTQWPF
RNGVGEQQNCPV

ä%QPPGEVKPIRKGEGFGHTQUV
t4GPGYKPIäTGOQXGFCUJ
agen AG. Volkswagen AG doRCPGNDGHQTGJCPF
w es n
olks ot g
d byV ua
ran
ir se ä4GNC[ tee
tho
u or
t8GJKENGUYKVJGPIKPGEQFG
ss
a ac
#'5CPF#%8
ce
e
nl
pt
#KTEQPFKVKQPGTU[UVGOUJWV
du

an
itte
QHHTGNC[,
EQPVTQNPWO
y li

erm
ab
DGT
ility

ot p
t8GJKENGUYKVJGPIKPGEQFG
wit
, is n
##$+FNKPIURGGFDQQUVTGNC[
h re
hole
,
EQPVTQNPWODGT
spec
es, in part or in w
t#DQXGTGNC[RNCVG
t to the co

ä+FNKPIURGGFDQQUVEQPVTQNWPKV
,
rrectness of i
t%QPVTQNPWODGT
l purpos
t1PN[HQTXGJKENGUYKVJGPIKPG
EQFG##$

nform
ercia

m
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

3

(KI4GOQXKPI%NKOCVTQPKEEQPVTQNWPKV,

8GJKENGU4

ä4GOQXGVTKO

ä4GOQXGUETGYU

ä2WNNQHHEQPPGEVQTCPFVCMGEQPVTQNWPKVQWVFQYPYCTFU

3

(KI4GOQXKPICPFKPUVCNNKPIHTGUJCPFTGEKTEWNCVKPICKTHNCRXCE
WWOWPKV

ä4GOQXGTKIJVJCPFXGPV 2CIG(KI





3

(KI4GOQXKPICPFKPUVCNNKPIEGPVTGXGPVHNCRXCEWWOWPKV

ä4GOQXGFCUJRCPGNKPUGTVVTKO

ä4GOQXGEGPVTGXGPV

2CIG(KI4GOQXKPICPFKPUVCNNKPIEGPVTGXGPV
agen
AG. Volkswagen AG d
oes

lksw not
ä2WNNXCEWWOJQUGQHHXCEWWOWPKV
byV
o gu
ara
e d

risä6YKUVCPFNKHVXCEWWOWPKVQHHNGXGT nte
ho eo
aut ra
s s c

ce
e
nl
pt
du

an
itte
y li

erm
ab
ility

ot p
wit

, is n
h re
3

hole
(KI4GPGYKPIHTGUJCKTDNQYGTEQPVTQNWPKV,
spec

es, in part or in w
t to the co



rrectness of i
ä2WNNQHHEQPPGEVQTCPFTGOQXGUETGY

ä5GCNCTGCDGVYGGPUGTKGUTGUKUVQTCPFCKTFWEVYKVJ#/8
l purpos
DGHQTGHKVVKPI

nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

3

RCTVOGPV

0QVGU


UVQR

UGPIGTEQORCTVOGPV


ä4GOQXGHQQVYGNNXGPVEQPUQNG 2CIGKVGO

CUGCNKPINKR

3 (KI4GPGYKPIGXCRQTCVQTVGORGTCVWTGUYKVEJ'

ä%QPPGEVQT

ä6GORGTCVWTGUYKVEJYKVJJQWUKPI

ä)TQOOGV

ä5GPUQTRKRGYKVJKPUGTVKQPFGRVJOCTMKPI

UGPUQTRKRGKPUGTVKQPFGRVJOO

ä5ETGYHQTGXCRQTCVQTJQWUKPIEQXGT

ä(KNNKUVGTJGCFUETGY

3

(KI4GOQXKPICPFKPUVCNNKPIEGPVTCNHNCRRQUKVKQPKPIOQVQT8

ä%GPVTCNHNCRRQUKVKQPKPIOQVQT

ä+PVGTOGFKCVGIGCT

ä%GPVTCNHNCRDGCTKPI
. Volkswagen AG
gen AG does
swa

y Volk4GOQXKPI not
gu
b
d

ara
rise ä(KTUVTGOQXGHQQVYGNNXGPVEQPUQNG nte
o eo
th

s au ä4GOQXGEGPVTCNHNCRRQUKVKQPKPIOQVQT8HTQOFKUVTKDWVKQP
ra
c
s DQZ
ce
le
un

pt
ä5GRCTCVGEQPPGEVQTQPFKUVTKDWVKQPDQZ
an
d
itte

y li
+PUVCNNKPI
erm
ab
ility
ot p
wit
is n
ä6WTPEGPVTCNHNCRNGXGTWPVKNVJGTGEGUUCNKIPUYKVJVJGNWIQP
h re
ole,
RQUKVKQPKPIOQVQTCTTQYU
spec

t to the co
rrectness o
cial p
f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
o Vo

by c lksw
cted agen
Prote AG.

3

(KI4GOQXKPICPFKPUVCNNKPIXCNXGUVTKR0

ä8CNXGUVTKR

ä8CEWWOJQUGITGGP

ä8CEWWOJQUG[GNNQY

ä8CEWWOJQUGDNCEM

ä%QPPGEVQT

4GOQXKPI

ä4GOQXGUJGNHQPRCUUGPIGTUKFG

ä2WNNQHHXCEWWOJQUGUCPFEQPPGEVKQPU

+PUVCNNKPI

ä%QPPGEVWRXCEWWOJQUGCEEQTFKPIVQEQNQWTEQFKPIQPEQP
3 PGEVKQPRKRGU

(KI2QUKVKQPKPIOQVQTUEQPPGEVQTCNNQECVKQP

ä%QPPGEVQTEGPVTCNHNCRRQUKVKQPKPIOQVQT

8
EQPPGEVKQPUOCTMGFTGF
ä%QPPGEVQTVGORGTCVWTGHNCRRQUKVKQPKPIOQVQT8
EQP

PGEVQTOCTMGFDNCEMCPFJQWUKPIOCTMGFTGF
ä%QPPGEVQTHQQVYGNNFGHTQUVHNCRRQUKVKQPKPIOQVQT8

EQPPGEVKQPUOCTMGF[GNNQY

4GOQXKPICPFKPUVCNNKPIQRGTCVKPICPFFKURNC[WPKV

'YKVJ%NKOCVTQPKEEQPVTQNWPKV,

8GJKENGU4
agen AG. Volkswag
9CTPKPI en AG does
olksw not
yV
b g ua
ed ra
nte
oris eo
th
au 0QVGU ra
c
ss
ce
e
t%JGEMXGJKENGGSWKROGPV
TCFKQENQEMGNGEVTKEYKPFQYUCURGT
nl
pt
du
an
9QTMUJQR/CPWCNCPFQT1YPGT U/CPWCNYJGPTGEQPPGEVKPI
itte
y li
VJGDCVVGT[
erm
ab
ility

ot p
wit
, is n

t%QPVTQNWPKV,CPFQRGTCVKPICPFFKURNC[WPKV'CTG
h re

hole
EQORQPGPVUVJCVECPPQVDGFKUOCPVNGF
spec
3 4GOQXKPI
es, in part or in w

t to the co
ä7PENKREQPVTQNCPFFKURNC[WPKVWUKPICUETGYFTKXGTCPFRTQVGE
VKXGRCEMKPICTTQYU
rrectness of i

l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

3

ä4GOQXGKPUVTWOGPVRCPGNUETGYUCTTQYU

ä2WNNQWVQRGTCVKPICPFFKURNC[WPKVYKVJEQPVTQNWPKV

ä4GNGCUGEQPPGEVQTUCPFRWNNQHH

ä4GOQXGQRGTCVKPICPFFKURNC[WPKVYKVJEQPVTQNWPKV

+PUVCNNKPI

+PVTQFWEG%QFKPIEQPVTQNWPKVHWPEVKQPCPFVJGP$CUKEUGV
VKPIHWPEVKQPYKVJ8#) 2CIG%NKOCVTQPKE
UGNHFKCIPQUKU

5GTXKEKPI%NKOCVTQPKEäCFFK
VKQPCNJGCVGZEJCPIGT

lkswage es n
byV
o ot g
ua 8GJKENGU4
d ran
o
ir se tee
th
au or
ac ä8GPV
ss t4GOQXKPI (KI

ce
e
nl

pt
du

an
itte
ä%QXGTRNCVG
y li

erm
ab

ility
ot p
ä)CUMGV
wit

, is n

h re

hole
spec
t4GOQXKPI (KI
es, in part or in w
t to the co
2CIG

rrectness of i
l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

8#)
t4GOQXKPI 2CIG
t%QPVTQNNGFXKCDNQYGTTGNC[
, 2CIGKVGO

t2TQVGEVGFXKCHWUG5

2CIGKVGO

ä%QQNCPVRKRG
t4GOQXKPI (KI

ä#FFKVKQPCNJGCVGZEJCPIGTXCNXG
0
t4GOQXKPI (KI

ä%QQNCPVJQUG
GPIKPGEQORCTVOGPV
ITCO
2CIG

AG. Volkswagen AG d ä5VGRKPUGTV
agen oes
olksw not
d by V gu
ara t4GOQXKPI
rise nte
tho eo
s au ra
c ITQWR
s

ce
e
nl
pt
ä+PVCMGFWEV
du

an
itte
t4GOQXKPI-QODK (KI
y li

erm
ab
t4GOQXKPI$WU (KI
ility

ot p

wit
, is n

ä*QUGENCOR
h re

hole

spec

es, in part or in w
ä%QQNCPVJQUGTGVWTP
t to the co

ä%QQNCPVJQUGUWRRN[

rrectness of i
l purpos
QHICRUCNNCTQWPF
t4GOQXKPI 2CIG
nform
ercia
0QVG
m
at
#NYC[UTGPGYEQQNCPV
om

ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

ä4GCTJGCVGZEJCPIGTVGORGTC
VWTGUGPFGT)
t+PUGTVGFKPVQJGCVGZEJCPIGT
8#)
t+PGXGPVQHTGCTJGCVGZ
EJCPIGTVGORGTCVWTGUGPFGT
)HCKNWTGEQPVKPWGFQRGTC
VKQPCUUWOKPIXCNWGQH u%
t4GOQXKPI(KTUVTGOQXGCFFK
VKQPCNJGCVGZEJCPIGT
2CIG

ä9CTOCKTDNQYGTEQPVTQNWPKV
,
CKTDNQYGTQWVRWVXKCXQNVCIG
8#)
t4GOQXKPI (KI

AG. Volkswagen AG d
agen oes
olksw not
yV
3
gu

b
rised (KI4GOQXKPICKTFKUVTKDWVQTJQWUKPI
ara
nte
o eo

h
aut ä%QXGTRNCVGKPRCUUGPIGTEQORCTVOGPV
ra
ss

c
ä)CUMGV
ce
e

nl
pt
du
ä#KTFKUVTKDWVQTJQWUKPI
an

itte
y li

erm
ä%QPPGEVKPIJQUGUWRRN[
ab

ility
ot p
ä%QPPGEVKPIJQUGTGVWTP
wit
, is n

h re
4GOQXKPI
hole

spec
es, in part or in w

t to the co
ä5GCNEQPPGEVKPIJQUGUENQUGVQJGCVGZEJCPIGTWUKPIJQUG
ENCORUCPFRWNNJQUGUQHH

ä4GOQXGXGPV (KI
rrectness of i
ä4GOQXGEQXGTRNCVG
l purpos
ä4GOQXGDQNVU

nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

3

(KI4GOQXKPIXGPV

ä8GPV

ä%QXGTRNCVG

ä5VGRKPUGTV

4GOQXKPI

ä2WNNXGPVQWVQHHNQQTRNCVG

ä4GOQXGEQXGTRNCVG

3

(KI4GOQXKPIKPVCMGFWEV-QODK

ä+PVCMGFWEV

ä*QUGENCOR


4GOQXKPI

ä4GOQXGUVGRKPUGTV

ä4GOQXGDQNVU

ä.QQUGPJQUGENCOR

AG. Volkswagen AG d

agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
u
s a ra
c
s
3

(KI4GOQXKPIKPVCMGFWEV$WU
ce
le
un
pt

an

d
ä+PVCMGVTKO
itte
y li

erm
ab
ä+PVCMGFWEV

ility
ot p
wit

is n
h re
ä*QUGENCOR
ole,
spec

4GOQXKPI

t to the co

ä.GXGTKPVCMGVTKOQWVYKVJUETGYFTKXGT

ä.QQUGPJQUGENCOR

rrectne
ä4GOQXGKPVCMGFWEV

ss

o
cial p
3
i

n
(KI 4GOQXKPIEQQNCPVRKRG
form
mer

ä5GNHVCRRKPIUETGY
atio

m
ä%QQNCPVRKRG
o
n
c

i
or

thi
ä*GZCIQPPWV
e

t
sd
va
4GOQXKPI
i

pr
cum
r
fo
ä4GOQXGHWGNVCPM
en
ng
t.
yi Co

op
ht. C 4GNGXCPVGPIKPGCUUGODN[ITQWR/GEJCPKEU4GRCKTITQWR
py
rig
py
rig by
ht

co
Vo
ä4GOQXGVQTUKQPDCT
by lksw
cted agen
Prote AG.
4WPPKPIIGCT4GRCKTITQWR

ä4GOQXGEQQNCPVRKRG

3

(KI4GOQXKPICFFKVKQPCNJGCVGZEJCPIGTXCNXG0

ä#FFKVKQPCNJGCVGZEJCPIGTXCNXG0

ä%QPPGEVQT

ä%QQNCPVJQUGTGVWTP

ä
HTQOCFFKVKQPCNJGCVGZEJCPIGTEQQNCPVRKRGVQCFFKVKQPCN

JGCVGZEJCPIGTXCNXG
ä%QQNCPVJQUGTGVWTP

ä
HTQOCFFKVKQPCNJGCVGZEJCPIGTXCNXGVQGPIKPG

ä5GEWTKPIUETGY

4GOQXKPI

ä2WNNEQPPGEVQTQHHXCNXGHQTCFFKVKQPCNJGCVGZEJCPIGT


ä7PDQNVCFFKVKQPCNJGCVGZEJCPIGTXCNXGHTQODTCEMGV

0QVGU


lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte

y li
erm
ab

ility
ot p
wit
, is n

h re
hole
spec

es, in part or in w
3 (KI4GPGYKPITGCTYCTOCKTDNQYGTEQPVTQNWPKV,

t to the co

ä4GCTYCTOCKTDNQYGTEQPVTQNWPKV,

ä$QNVU
3V[
rrectness of i

ä%QPPGEVQT
l purpos

nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

8GJKENGU4

ä8GPV
t4GOQXKPI 2CIG
(KI

ä%QXGTRNCVG

ä)CUMGV

t4GOQXKPI 2CIG
(KI
2CIG

8#)
t4GOQXKPI 2CIG
, 2CIGKVGO

t2TQVGEVGFXKCHWUG5
2CIGKVGO

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

hole
spec
ä%QQNCPVRKRG
es, in part or in w
t4GOQXKPI 2CIG
t to the co
(KI

rrectness of i
0
l purpos
t4GOQXKPI 2CIG
(KI

nform
ercia

ä%QQNCPVJQUG
m
at

om
GPIKPGEQORCTVOGPV
ion

c
in t
or
his

e
ITCO
at
do
riv
2CIG
p
cum
or

f

en
ng
t.
yi

Co
Cop py ä5VGRKPUGTV

.
t4GOQXKPI
t rig
gh ht
yri by
cop Vo
by lksw
cted
ITQWR
agen
Prote AG.

ä+PVCMGFWEV
t4GOQXKPI-QODK 2CIG

(KI
t4GOQXKPI$WU 2CIG

(KI

ä*QUGENCOR

ä%QQNCPVJQUGTGVWTP

ä%QQNCPVJQUGUWRRN[


QHICRUCNNCTQWPF
t4GOQXKPI 2CIG
0QVG
#NYC[UTGPGYEQQNCPV
AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w

t to the co
ä4GCTJGCVGZEJCPIGTVGORGTC
VWTGUGPFGT)
rrectness of i
t+PUGTVGFKPVQJGCVGZEJCPIGT
l purpos
8#)
t+PGXGPVQHTGCTJGCVGZ
nf
ercia
EJCPIGTVGORGTCVWTGUGPFGT
orm
)HCKNWTGEQPVKPWGFQRGTC
m

atio
m
VKQPCUUWOKPIXCNWGQH u%
o

n in
c
t4GOQXKPI(KTUVTGOQXGCFFK
or

thi
e
VKQPCNJGCVGZEJCPIGT
t
sd
iva
o
r
2CIG
rp
cu
o
m
f

en
ng
i t.
py Co
. Co py
rig ä9CTOCKTDNQYGTEQPVTQNWPKV
,
ht
rig ht
py by
co Vo
by lksw
cted
CKTDNQYGTQWVRWVXKCXQNVCIG
agen
Prote AG.
8#)
t4GOQXKPI 2CIG
(KI

5GTXKEKPI%NKOCVTQPKEäPF
GXCRQTCVQT

8GJKENGU4
0QVG

äPFGXCRQTCVQT

äPFGXCRQTCVQTVGORGTCVWTG
UGPFGT)
8#)
t+PGXGPVQHPFGXCRQTCVQT
VGORGTCVWTGUGPFGT)
HCKNWTGEQPVKPWGFQRGTCVKQP
CUUWOKPIXCNWGQH u%
t+PUGTVGFKPVQPFGXCRQTCVQT

ä9CVGTFTCKPRKRG
wage es n
yV
olks ot g
d b ua
ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

ä)TQOOGV
rrectness of i

ä.KRXCNXG
l purpos

ä$NQYGTHQTPFGXCRQTCVQT8
nf
ercia
o

rm
8#)
m
atio

m
o
n in

or c
, 2CIGKVGO
thi

te
sd

iva

o
r
rp
cu
t2TQVGEVGFXKCHWUG5
o

f
en
2CIGKVGO
ng
t.
yi Co
t. Cop py
rig t4GOQXKPIHKTUVTGOQXG&RKN
pyri
gh by
ht
NCTVTKOTKIJV
co Vo
by lksw
cted agen
Prote AG.
)TQWR4GOQXKPI&RKNNCTVTKO

ä4GHTKIGTCPVEKTEWKVUQNGPQKFXCNXG
0
8#)

ä'ZRCPUKQPXCNXGHQTTGCTGXCRQ
TCVQT

ä$NQYGTEQPVTQNWPKVHQTPF
GXCRQTCVQT,
t6CUMRTGEKUGN[EQPVTQNUPF
GXCRQTCVQTDNQYGTQWVRWVXKC
XQNVCIG

ä#KTFWEV
t4GOQXKPI(KTUVTGOQXG&RKN
NCTVTKOTKIJV
AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
au ra
ss c
ce
le
un
pt
an
d
itte
y li
erm
ab
ility
ot p

wit
is n
h re
ole,
spec
t to the co

8GJKENGU4
0QVG rrectne
ss
o
cial p
in

form

mer

atio

m

o
äPFGXCRQTCVQT
c

or
n thi

te

sd
va
äPFGXCRQTCVQTVGORGTCVWTG
i
o
pr
cum
r
UGPFGT)
fo
en
ng
t.
yi Co
op py
8#)
. C rig
ht ht
rig
t+PGXGPVQHPFGXCRQTCVQT
py by
co Vo
lksw
VGORGTCVWTGUGPFGT)
by
cted agen
Prote AG.
HCKNWTGEQPVKPWGFQRGTCVKQP
CUUWOKPIXCNWGQH u%
t+PUGTVGFKPVQPFGXCRQTCVQT

ä9CVGTFTCKPRKRG

ä)TQOOGV

ä.KRXCNXG

ä$NQYGTHQTPFGXCRQTCVQT8
8#)

, 2CIGKVGO

t2TQVGEVGFXKCHWUG5
2CIGKVGO
t4GOQXKPIHKTUVTGOQXG&RKN
NCTVTKOTKIJV

0
8#)

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

rrectness of i
TCVQT

l purpos
ä$NQYGTEQPVTQNWPKVHQTPF
GXCRQTCVQT,
nform
ercia
t6CUMRTGEKUGN[EQPVTQNUPF
GXCRQTCVQTDNQYGTQWVRWVXKC
m
at
om
io
XQNVCIG
n
c
in t
r

o
his
ate
ä#KTFWEV
do
priv
t4GOQXKPI(KTUVTGOQXG&RKN
um
for
en
g
NCTVTKOTKIJV
n
t.
yi Co
op
t. C )GPGTCNDQF[TGRCKTU4GRCKT
py
rig
gh
ht
copyri by
Vo
lksw
by
cted agen
Prote AG.

1RGTCVKQPCPFHWPEVKQPQHTGCT%NKOCVTQPKEQRGTCVKPI

CPFFKURNC[WPKV'

8GJKENGU4

ä4GCT%NKOCVTQPKEQRGTCVKPICPFFKURNC[WPKV'

ä$NQYGTURGGFFKURNC[HQTRCUUGPIGTEQORCTVOGPV

ä5GNGEVGFKPVGTKQTVGORGTCVWTGHQTRCUUGPIGTEQORCTVOGPV
FKURNC[

ä&KURNC[#761
CWVQOCVKEQRGTCVKQPQT1((
GPVKTGU[U

VGOQHH
ä9CTOGTDWVVQPHQTRCUUGPIGTEQORCTVOGPV

ä%QNFGTDWVVQPHQTRCUUGPIGTEQORCTVOGPV

ä#WVQOCVKEQRGTCVKQPDWVVQP

ä$NQYGTURGGFUNQYGTDWVVQPHQTFTKXGT UEQORCTVOGPV
VJKU

DWVVQPCNUQUYKVEJGUTGCTU[UVGOQHH
ä$NQYGTURGGFHCUVGTDWVVQPHQTRCUUGPIGTEQORCTVOGPV

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w

4GOQXKPITGCT%NKOCVTQPKEQRGTCVKPICPFFKURNC[WPKV
t to the co

'

rrectness of i

8GJKENGU4

l purpos
9CTPKPI

nform
ercia
m

0QVG
at
om
io

n

c
%JGEMXGJKENGGSWKROGPV
TCFKQENQEMGNGEVTKEYKPFQYUCURGT
in t
or

his
9QTMUJQR/CPWCNCPFQT1YPGT U/CPWCNYJGPTGEQPPGEVKPIVJG
ate

do
riv
DCVVGT[
p
cum
or
4GOQXKPI
f
en
ng
i t.

py Co
ä.GXGTQWV%NKOCVTQPKEQRGTCVKPICPFFKURNC[WPKV'KPVJG
t. Co py
rig
$RKNNCTYKVJCUETGYFTKXGTHTQODGNQYCPFRWNNQWVFQYP
h ht
rig by
py
YCTFU
co Vo
by lksw
cted agen
Prote

AG.

5GTXKEKPI%NKOCVTQPKEäGPIKPG
EQORCTVOGPV

0QVG

ä(KNVGTJQWUKPI
t4GOQXKPICPFKPUVCNNKPIFWUV
CPFRQNNGPHKNVGT 2CIG

ä8CEWWOTGUGTXQKT
t+PUGTVKQPFGRVJHQTXCEWWO
JQUGOO
ITCO 2CIG

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

hole
spec
ä*GCVGZEJCPIGTCPFXCEWWO
es, in part or in w
JQUGIWKFG
t to the co

ä%QQNCPVVGORGTCVWTGUGPFGTCKT
rrectness of i
EQPFKVKQPKPIU[UVGO)
t6CUMEQQNCPVVGORGTCVWTG
l purpos
UGPFGTEQPVTQNUFG
HTQUVHQQVYGNNCKTFKUVTKDWVKQP
nf
ercia
CPFHTGUJCKTDNQYGTQWVRWV
orm
FGRGPFKPIQPEQQNCPVVGORGTC
m
atio
m
VWTG
o
n in
c
t+PGXGPVQHEQQNCPVVGORGTC
or
thi
te
VWTGUGPFGTCKTEQPFKVKQPKPI
sd
iva
o
r
U[UVGO)HCKNWTGEQP
rp
cu
o
m
f
VKPWGFQRGTCVKQPCUUWOKPI
en
ng
t.
yi Co
. Cop XCNWGQH u% py
rig
t
gh ht
yri by
8#)
cop Vo
by lksw
cted agen
Prote AG.
ä9CVGTFTCKPRKRG
RCTVOGPV
(KI

ä9CVGTFTCKPXCNXG
t6JGXCNXGOWUVPQVDG
DNQEMGFYCVGTFTCKP

ä5GRCTCVGHWUGUHQTEQQNCPVHCP
5
NGHV

t3V[

ä4CFKCVQTHCPTGNC[,
NGHV
8#)

XCNXG0
t8CEWWOKUUYKVEJGFHTQO
XCEWWOTGUGTXQKTVJTQWIJ
EQQNCPVEWVQHHXCNXGKHXQNVCIG
KURTGUGPV
XCEWWOCTGRTGUGPV

lkswage es n
o ot g
byV ua
d ran
ir se
tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab

ility
ot p
wit
, is n
0
h re
hole
t4GIWNCVGUVJGEQQNCPVHNQYVQ
spec
es, in part or in w
CFFKVKQPCNJGCVGZEJCPIGT
t to the co
8#)
t4GOQXKPI 2CIG
rrectness of i
(KI
l purpos

ä%QPFGPUGT

nform
ercia
ä%QQNCPVUJWVQHHXCNXG
m
at
om
ion
EWNCVKQP
YJGPGPIKPGKU
c
in t
or
his
ate
do
riv
p
cum
or
f
en
ng
t.
op
yi HNQYHTQOGPIKPGVQTCFKCVQT
Co
py
t. C rig
gh ht
yri
VKQPRWOR8
p by
co Vo
by lksw
Prote
cted t%QQNCPVUJWVQHHXCNXGXCEWWO
AG.
agen
0

ä%QQNCPVEKTEWNCVKQPRWOR8
8#)

t6CUM2TQVGEVUTGHTKIGTCPVEKT
EWKVCICKPUVQXGTRTGUUWTG
t%JGEMKPI 2CIG

(KI

(
8#)
ä4GPGY1TKPIUGCN
PQVG2CTV
0Q

AG. Volkswagen AG d

agen oes
olksw not
yV gu
db ara
rise nte
tho eo
u
s a ra
c
s

ce
le
un
pt
ä6JGTOQUYKVEJHQTCKTEQPFK
an
d
itte
y li
VKQPGTEWVQHH(CPFVJGTOQ
erm
ab
UYKVEJHQTEQQNCPVHCPTF
ility
ot p
wit
URGGF(
is n
h re
ole,
spec
t(UYKVEJEQQNCPVHCP
KPVQTFURGGFCUVGORGTCVWTG
t to the co
KPETGCUGU
QPCVu%QHHCV
u% rrectne
t(UYKVEJGUQHHOCIPGVKE
EQWRNKPI0CVGZEGUUKXGN[
JKIJEQQNCPVVGORGTCVWTG
QHH
ss o
CVu%QPCVu%
cial p
f in
t4GOQXKPI (KI
form
mer
t4GOQXKPICPFKPUVCNNKPIQP
atio
m
XGJKENGUYKVJGPIKPGEQFG#'5
o
n
c
(KI
or
n thi
e

t
sd
a

iv
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

ä#KTEQPFKVKQPKPIU[UVGOOCI
PGVKEEQWRNKPI0

ä#ODKGPVVGORGTCVWTGUGPUQT
)
t(WPEVKQPVGORGTCVWTGUGPUQT
EQPVTQNUVGORGTCVWTGHNCRCPF
HTGUJCKTDNQYGTFGRGPFKPIQP
VGORGTCVWTG
t+PGXGPVQH)HCKNWTGEQP

VKPWGFQRGTCVKQPCUUWOKPI
XCNWGQH u%
8#)
t4GPGY 2CIG

ä(NWKFTGUGTXQKTYKVJFTKGT

ä'XCEWCVKPICPFEJCTIKPIXCNXG

ä'ZRCPUKQPXCNXG
t1RGPKPIOWUVDGUGCNGFUWHHK
VGT

AG. Volkswagen AG d
agen oes
olksw not
yV
3 gu

b
rised ara
nte
o
EWVQHH(CPFVJGTOQUYKVEJHQTTFURGGFTCFKCVQTHCP
h eo
aut ra
( s s c
ce
e

nl
pt
0QVGU
du
an

itte
y li

erm

ab

ility
ot p

wit

, is n

h re

hole
ä6JGTOQUYKVEJ((

spec

es, in part or in w
ä1TKPI
t to the co

ä%NKR
ä%QQNCPVJQUG

rrectness of i

3 (KI4GOQXKPICPFKPUVCNNKPIVJGTOQUYKVEJHQTCKTEQPFKVKQPGT

l purpos
UJWVQHH(CPFVJGTOQUYKVEJHQTTFURGGFTCFKCVQTHCP
(QPXGJKENGUYKVJGPIKPGEQFG#'5
nform
ercia

0QVGU
m
at
om

i
on
c
in t
or
his
te

a
do
priv

um
or

f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

3

ä%NKR

ä6JGTOQUVCVJQWUKPI

ä1TKPI

ä6JGTOQUYKVEJ((

ä6GORGTCVWTGUGPFGTUYKVEJ)(

ä%QQNCPVVGORGTCVWTGUGPFGT)

3

RCTVOGPV

0QVG

+HVJGRKRGKUPQVUGCVGFCUUJQYPKPVJGKNNWUVTCVKQPVJGPYCVGT

YKNNGPVGTVJGRCUUGPIGTEQORCTVOGPV


2CIG(KI
CUGCNKPINKR

4GRNCEKPICODKGPVVGORGTCVWTGUGPUQT)
en AG. V
olkswagen AG
wag does
olks

no

yV t gu
0QVG db ara
se nte
hori eo
ut
ra

s a
+PQTFGTVQGPUWTGQRVKOCNUGCVKPIQHVJGTGRNCEGOGPVCODKGPV
c
s
3 VGORGTCVWTGUGPUQT)VJGEQORQPGPV UVJTGGNQEMKPINWIU
ce
e
nl
pt
du

an
OWUVDGUJQTVGPGF
itte
y li

erm
ab
ä#ODKGPVVGORGTCVWTGUGPUQT)
ility

ot p

2CTVPWODGT#
wit
, is n

h re
ä5WTHCEGVQDGEWV
hole
spec
ä.QECVKPINWIU
3V[
es, in part or in w
t to the co
ä/CTMEWVVKPICTGCFKOGPUKQPC
COOQPCNNVJTGGNQ
ECVKPINWIU
ä%WVQHHNQECVKPINWIUYKVJCMPKHG
rrectness of i

l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

%JGEMKPICPFCFLWUVKPIGPFRQUKVKQPQHKPUVCNNGFVGO
RGTCVWTGHNCRRQUKVKQPKPIOQVQT

3 ä4GOQXGHQQVYGNNXGPVEQPUQNGCPFHQQVYGNNVTKO

ä2WNNRKPEQPPGEVQTQHHFKUVTKDWVKQPDQZ 2CIGRQUK
VKQPKPIOQVQTUEQPPGEVQTCNNQECVKQP

ä%QPPGEVECDNGUHTQOCFCRVGTUGV8#)#VQEJCODGTU

CPF

ä%QPPGEVVQ8UWRRN[&KTGEVKQPQHTQVCVKQPECPDGEJCPIGF
D[TGXGTUKPIRQNCTKV[QHXQNVCIGUWRRN[

ä1RGTCVGEQPVTQNOQVQTVQOQXGVGORGTCVWTGHNCRNGXGT
HTQOJGCVGTGPFRQUKVKQPVQHTGUJCKTGPFRQUKVKQP

ä%JGEMYJGVJGTVJGVGORGTCVWTGHNCRNGXGTTGCEJGUVJGUVQR
CVVJGGPFRQUKVKQP+HPGEGUUCT[CFLWUVNGPIVJQHEQPPGEVKPI
TQFYKVJVGORGTCVWTGHNCRQPUVQR

%JGEMKPI
$[TGXGTUKPIRQNCTKV[QH8XQNVCIGRQUKVKQPKPIOQVQTOWUV
OQXGVQDQVJGPFRQUKVKQPU

%JGEMKPICPFCFLWUVKPIGPFRQUKVKQPQHKPUVCNNGFHQQV
YGNNFGHTQUVHNCRRQUKVKQPKPIOQVQT

swage es n
3 ä4GOQXGHQQVYGNNXGPVEQPUQNGCPFHQQVYGNNVTKO
olk ot g

byV ua
ed ran
is
r tee
ä2WNNRKPEQPPGEVQTQHHFKUVTKDWVKQPDQZ
tho 2CIGRQUK
or
au ac
ss VKQPKPIOQVQTUEQPPGEVQTCNNQECVKQP

ce
e
ä%QPPGEVECDNGUHTQOCFCRVGTUGV8#)#VQEJCODGTU
nl
pt
du

an
CPF
itte
y li

erm
ab
ä%QPPGEVVQ8UWRRN[&KTGEVKQPQHTQVCVKQPECPDGEJCPIGF
ility

ot p
D[TGXGTUKPIRQNCTKV[QHXQNVCIGUWRRN[
wit

, is n

h re
ä&TKXGHQQVYGNNFGHTQUVHNCRRQUKVKQPKPIOQVQTHTQOQPGGPF
hole
spec
RQUKVKQPVQVJGQVJGT
es, in part or in w
ä%JGEMYJGVJGTVJGHQQVYGNNFGHTQUVHNCRNGXGTTGCEJGUVJGUVQR
t to the co
CVVJGGPFRQUKVKQP+HPGEGUUCT[CFLWUVECDNG

%JGEMKPI
rrectness of i
$[TGXGTUKPIRQNCTKV[QH8XQNVCIGRQUKVKQPKPIOQVQTOWUV
l purpos
OQXGVQDQVJGPFRQUKVKQPU
nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

%QQNCPVJQUGEQPPGEVKQPFKC
ITCO

0QVG
(QTEQORNGVGJQUGTQWVKPIFKCITCO
4GNGXCPVGPIKPGCUUGODN[ITQWR
/GEJCPKEU4GRCKTITQWR


ä%QQNCPVJQUGTGVWTP
ä

EJCPIGTVQEQQNCPVRKRG

ä%QQNCPVJQUGUWRRN[
ä
VKQPCNJGCVGZEJCPIGT

ä%QQNCPVRKRG

ä%QQNCPVJQUGTGVWTP
ä
VKQPCNJGCVGZEJCPIGTXCNXG

ä%QQNCPVJQUGUWRRN[
ä
HTQO6RKGEGVQEQQNCPVRKRG

ä%QQNCPVJQUGUWRRN[
ä
HTQO6RKGEGVQ6RKGEG

AG. Volkswagen AG dä6RKGEG
agen oes
olksw not
d byV gu
ara
rise
ä%QQNCPVJQUGUWRRN[
nte
o eo
aut
h
ä
HTQO6RKGEGVQ6RKGEG
ra
s c
s

ce
e
nl
ä6RKGEG
pt
du

an

itte
y li
ä%QQNCPVJQUGTGVWTP
erm
ab
ility

ot p
ä
HTQO6RKGEGVQEQQNCPVEWV
wit

, is n
QHHXCNXG
h re

hole
spec
ä%QQNCPVEWVQHHXCNXG
es, in part or in w
t to the co

ä%QQNCPVEKTEWNCVKQPRWOR8

rrectness of i
ä%QQNCPVJQUGTGVWTP
ä
HTQOEQQNCPVEWVQHHXCNXGVQ
l purpos
GPIKPG

nform
ercia
ä%QQNCPVJQUGUWRRN[
m
ä
HTQOGPIKPGVQEQQNCPVEKTEW
at
om
io
NCVKQPRWOR
n
c
in t
or

his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

ä%QQNCPVJQUGUWRRN[
ä
HTQOGPIKPGVQ6RKGEG

ä'PIKPG

ä%QQNCPVJQUGTGVWTP
ä
EJCPIGTXCNXGVQGPIKPG

0

ä%QQNCPVJQUGTGVWTP
ä
HTQOHTQPVJGCVGZEJCPIGTVQ
XCNXG

ä$NGGFUETGY

ä%QQNCPVJQUGTGVWTP
ä
HTQOHTQPVJGCVGZEJCPIGTVQ
XCNXG

ä*GCVGZEJCPIGTHQTHTQPVJGCVGT

ä6RKGEG

8CEWWOJQUGEQPPGEVKQPFKC
ITCO

AG. Volkswagen AG d
0QVG
agen oes +PUGTVKQPFGRVJHQTXCEWWOJQUGKP
olksw not
yV gu
XCEWWOTGUGTXQKTOORWUJQP
db ara
rise nte
FKOGPUKQPXCEWWOJQUGVQRNCUVKE
utho eo
ra
ss a
RKRG
QPVQUVQRCRRTQZOO
c

ce
le
un
pt
ä8CEWWOTGUGTXQKT
an
d
itte
y li

erm
ab
ility
ot p
EWNCVKPICKTHNCR
wit
is n
h re

ole,
spec
ä8CEWWOJQUG
t(TQOXCNXGUVTKR0VQ
t to the co
HTGUJCKTCPFCKTTGEKTEWNCVKQP
HNCRXCEWWOWPKV
t(KVVGFVQEQPPGEVKQPYKVJ
rrectne
ITGGPOCTMKPI

s

s o
cial p
f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
o Vo

by c lksw
cted agen
Prote AG.

ä8CEWWOJQUG
t(TQOXCEWWOTGUGTXQKTKPGP
IKPGEQORCTVOGPVVQXCNXG
UVTKR0
t(KVVGFVQEQPPGEVKQPYKVJ
DNCEMOCTMKPI

ä8CNXGUVTKR0

t%QPPGEVKQPUHQTXCEWWO

JQUGUJCXGEQNQWTGFOCTMKPIU

ä8CEWWOJQUG
t(TQOXCNXGUVTKR0VQEGP
VTGXGPVXCEWWOWPKV
t(KVVGFVQEQPPGEVKQPYKVJ[GN
NQYOCTMKPI

ä8CEWWOWPKVHQTEGPVTGXGPVHNCR

XCNXG0
t8CEWWOKUUYKVEJGFHTQO
gen AG. Volkswagen AG d XCEWWOTGUGTXQKTVJTQWIJ
a oes
ksw not
y Vol gua EQQNCPVEWVQHHXCNXGKHXQNVCIG
db ran
rise
te KURTGUGPV
ho eo
aut ra
ss c
ce
e
nl
XCEWWOCTGRTGUGPV
pt
du
an
itte
y li
erm
ab
ility
ot p
wit
, is n

h re
hole
ä8CEWWOJQUG
spec
t(TQOVYQYC[XCNXG0
es, in part or in w
t to the co
VQEQQNCPVEWVQHHXCNXG

rrectness of i
l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

ä%QQNCPVUJWVQHHXCNXG
EWNCVKQP
YJGPGPIKPGKU
VKQPRWOR8
0

ä0QPTGVWTPXCNXG
t&KTGEVKQPQHUWEVKQPKPFKECVGF
D[CTTQY

ä6QKPVCMGOCPKHQNF

ä6QDTCMGUGTXQ

4GRCKTYQTMQPVJGTGHTKIGTCPVEKTEWKVYJKEJ

ECPQPN[DGECTTKGFQWVD[RTQRGTN[VTCKPGF
n AG. VolksOGEJCPKEU
5RGEKCNKUVYQTMUJQRUHQTCKTEQP
wagen AG
Volkswage FKVKQPKPIU[UVGOU
does
not
g
by
ua
ed ran
ris

tho 6QQNU tee

or
au
ac
ss
ce
e
nl

pt

du
5RGEKCNVQQNUYQTMUJQRGSWKROGPVVGUVGTUOGCUWTKPIKPUVTW
an
3 OGPVUCPFCWZKNKCT[KVGOUTGSWKTGF
itte
y li
erm
ab

ility
8#)5GTXKEG5VCVKQP
ot p

wit
, is n
t5EQRGQHFGNKXGT[3WKEMCEVKQPEQWRNKPICFCRVGTUCTGKPENWFGF
h re
hole
HQTVJGJKIJCPFNQYRTGUUWTGUKFGUGTXKEGEQPPGEVKQPU
spec

es, in part or in w
(QTHWTVJGTUGTXKEGUVCVKQPU $KPFGT8QNMUYCIGP9QTMUJQR
t to the co
'SWKROGPV
rrectness of i
l purpos
nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

t8#)HQTRKRG

t8#)HQTRKRG

0QVKNNWUVTCVGF

t8#)HQTRKRG

t8#)HQTRKRG

AG. Volkswagen AG d
1XGTXKGYQHEQORQPGPVUKPVJG
agen
Volksw
oes
not TGHTKIGTCPVEKTEWKVHQTHTQPV
ise
d by gu
ara
nte
UGCVUCPFTGCTUGCVU
or eo
h
aut ra
s c
s
ce
e
nl
pt
ä%QORQPGPVUKPVJGTGHTKIGTCPV
du
an
itte
y li
EKTEWKVHQTTGCTUGCVU
erm
ab
t5GTXKEKPITGHTKIGTCPVEKTEWKVHQT
ility
ot p
TGCTUGCVU 2CIG
wit
, is n

h re
hole
ä%QORQPGPVUKPVJGTGHTKIGTCPV
spec
es, in part or in w
EKTEWKVHQTHTQPVUGCVU
t to the co
t5GTXKEKPITGHTKIGTCPVEKTEWKVHQT
HTQPVUGCVU 2CIG

rrectness of i

l purpos
nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

5GTXKEKPIEQORQPGPVUKPVJG
TGHTKIGTCPVEKTEWKV

0QVGU
t4GHTKIGTCPVOWUVDGGXCEWCVGFYKVJ
5GTXKEGUVCVKQP8#)HKTUV
t6JGRTGXKQWUN[WUGFUGTXKEGUVCVKQPU
ECPUVKNNDGWUGF $KPFGT8QNMU
YCIGP9QTMUJQR'SWKROGPV
t5CHGV[OGCUWTGUYJGPYQTMKPIQP
CPGXCEWCVGFTGHTKIGTCPVEKTEWKV
2CIG
t1PN[VJGEQORQPGPVUOCTMGFYKVJ
CPECPDGTGRNCEGFYKVJQWVQRGP
KPICPFGXCEWCVKPI
t6QRTGXGPVVJGKPITGUUQHFCORPGUU
CNNEQORQPGPVUQHVJGTGHTKIGTCPV
EKTEWKVYJKEJJCXGDGGPQRGPGF
OWUVDGUGCNGFYKVJUWKVCDNGRNWIU

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara t6JGEQNQWTEQFKPIQH1TKPIUHQTVJG
ed
ris nte
ho eo 4CTGHTKIGTCPVEKTEWKVUJCUDGGP
aut ra
ss c FKUEQPVKPWGF%QNQWTGFCPFDNCEM1
ce
e
TKPIUCTGWUGF
nl
pt
du
an
5GTXKEKPITGHTKIGTCPVEKTEWKVHQTHTQPV
itte
y li
UGCVU
erm

ab
ility

ot p

wit
, is n
ä(TQPVGXCRQTCVQT
h re
t4GOQXKPI 2CIG
hole

spec
FKUOCPVNKPICPFCUUGODNKPI
es, in part or in w
t to the co
GXCRQTCVQTJQWUKPI

ä1TKPI
rrectness of i
tOOOO

l purpos
ä'ZRCPUKQPXCNXG
nf
ercia
orm
VGT
m
atio
m
t4GOQXKPI 2CIG
o
n in
or c
(WPEVKQP
thi
te
sd
t6JGGZRCPUKQPXCNXGCVQOK\GUVJG
iva
o
r
rp
cu
KPUVTGCOKPITGHTKIGTCPVCPFTGIW
o
m
f
en
NCVGUVJGVJTQWIJHNQYUQVJCVVJG
ng
i t.
py Co
t. Co py
rig XCRQWTFGRGPFKPIQPVGORGTCVWTG
DGEQOGUCICUQPN[QPTGCEJKPIVJG
h ht
rig by
py
QWVNGVUKFGQHVJGGXCRQTCVQT
co Vo
by lksw
cted agen

Prote AG.

t6JGGZRCPUKQPXCNXGUHQT4CTG
HTKIGTCPVEKTEWKVUCTGOCTMGFYKVJC
ITGGPUVKEMGT

ä1TKPI
tOOOO

ä1TKPI
tOOOO


t.QYRTGUUWTGUKFG
t'XCEWCVKPIVJGTGHTKIGTCPVKPVQ
VJGGPXKTQPOGPVKUCRWPKUJ
CDNGQHHGPEG
2CIG(KI
t%CRCEKVKGU 2CIG

AG. Volkswagen AG d

agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
u
s a ra
c
s

ce
le
un
pt
an
d
itte
y li
(
erm
ab
ility
ot p
wit

is n
h re
ä4GPGY1TKPIUGCN
PQVG2CTV
ole,
spec
0Q
t2TGUUWTGUYKVEJECPDGTG
t to the co
OQXGFYKVJQWVGXCEWCVKPITG
HTKIGTCPVHTQOU[UVGO
t%JGEMKPICKTEQPFKVKQPGTRTGU
rrectne

UWTGUYKVEJ( 2CIG

ss
ä(WPEVKQP
o
cial p
f in
t5YKVEJGUTCFKCVQTHCP8VQ
form
mer
PGZVJKIJGTURGGFYJGPRTGU
atio
m
UWTGKPETGCUGUKPTGHTKIGTCPV
o
n
c
EKTEWKV
i
or
n thi
e
t5YKVEJGUQHHEQPFKVKQPKPIU[U
t
sd
iva
VGOYJGPRTGUUWTGKUGZEGU
pr
cum
r
fo
UKXG
HQTGZCORNGKPUWHHKEKGPV
en
ng
t.
yi
GPIKPGEQQNKPI
Co
Cop py
t5YKVEJGUQHHEQPFKVKQPKPIU[U
ht. rig
rig ht
by
VGOYJGPRTGUUWTGKUVQQNQY
copy Vo
by lksw
cted
HQTGZCORNGNQUUQHTGHTKIGT
agen
Prote AG.
CPV

ä%QPFGPUGT
t4GOQXKPI 2CIG

äVJTGCFä70(
t0O

ä1TKPI
tOOOO

äVJTGCFä70(
t0O

ä1TKPI
tOOOO

ä1TKPIU
tOOOO
t3V[

t%JGEMKPI 2CIG
(KI

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte

y li
erm
ab

ility
ot p
ä%QORTGUUQTOCIPGVKEEQWRNKPI
wit
, is n
0
h re
hole
t/CPWHCEVWTGT5CPFGP
spec
es, in part or in w
ä%CTT[KPIQWVTGRCKTUQPVJG
t to the co
OCIPGVKEEQWRNKPIYKVJVJG
EQORTGUUQTKPUVCNNGFUJQWNF
QPN[DGWPFGTVCMGPKPGZEGR
rrectness of i
VKQPCNEKTEWOUVCPEGU
l purpos
t5GTXKEKPIOCIPGVKEEQWRNKPI
YKVJEQORTGUUQTTGOQXGF

2CIG
nf
ercia

o

rm

m
atio
ä%QORTGUUQT
m

o
n in
t9KVJOCIPGVKEEQWRNKPI0
or c

thi
t5&8EQORTGUUQT
te
sd
a

iv
t(TQOITCFWCNKPVTQFWE
o
r
rp
cu
VKQP
o
m
f
en
ng
t.
op
yi Co
py t5&*EQORTGUUQT
t7RVQ
t. C rig
gh ht
yri

p by
co Vo
by lksw
Prote
cted AG.
agen äVJTGCFä70(
t0O

ä1TKPIU
tOOOO
t3V[

ä(NWKFEQPVCKPGTYKVJFTKGT
t6CUMU 2CIG(KI

ä1TKPI
tOOOO

ä5KIJVINCUU

t*KIJRTGUUWTGUKFG
CDNGQHHGPEG
2CIG(KI
t%CRCEKVKGU 2CIG

ä1TKPI
tOOOO

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re
5GTXKEKPITGHTKIGTCPVEKTEWKVHQTTGCT
hole
spec
UGCVU
es, in part or in w

t to the co
ä(TQPVTGHTKIGTCPVEKTEWKV
t4GHTKIGTCPVEKTEWKVNQYRTGU
rrectness of i
UWTGUKFGYKVJEQPPGEVKQPHQT
PFGXCRQTCVQT
l purpos
t1TKPIU
tOOOO

nform
ercia
t3V[

m
at

om
ä(TQPVTGHTKIGTCPVEKTEWKV
ion

c
in t
t4GHTKIGTCPVEKTEWKVJKIJRTGU
or
his

e
UWTGUKFGYKVJEQPPGEVKQPHQT
at
do
riv
PFGXCRQTCVQT
p
cum
for
t1TKPIU
en
ng
t.
yi Co
. Cop py tOOOO
t3V[
t rig
gh ht
yri by

cop Vo
by lksw
cted
ä%QPPGEVKQPVQTGCTGXCRQTCVQT
agen
Prote AG.
ä4GNGCUGEQPPGEVKQPWUKPITG
NGCUGVQQN (KI

äPFGXCRQTCVQT

ä%QPPGEVQT
NGCUGVQQN (KI
t1TKPIUOOOO
t3V[
t1TKPIUOOOO

t3V[

ä5ETGYGFEQPPGEVKQPU
t6JTGCFä70(
t1TKPIOOOO
t6JTGCFä70(
t1TKPIOOOO
t0O

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w
3

(KI4GOQXKPIGXCEWCVKPICPFEJCTIKPIXCNXGNQYRTGUUWTGUKFG
t to the co

ä'ZVTCEVTGHTKIGTCPVEKTEWKVYKVJ5GTXKEGUVCVKQP8#)
CPFVJGPTGPGYVJGXCNXG
rrectness of i

(QTHWTVJGT5GTXKEGUVCVKQPU $KPFGT8QNMUYCIGP9QTMUJQR

l purpos
'SWKROGPV

0QVGU
nf
ercia
t&TCKPKPIVJGTGHTKIGTCPVKPVQVJGGPXKTQPOGPVKUCRWPKUJCDNGQH
o

rm
HGPEG
m

atio
m

o
t6QRTGXGPVVJGKPITGUUQHFCORPGUUCNNEQORQPGPVUQHVJGTG
n in
or c
HTKIGTCPVEKTEWKVYJKEJJCXGDGGPQRGPGFOWUVDGUGCNGFYKVJ
thi

te
sd
a
UWKVCDNGRNWIU
iv

o
r
rp
cu
ä%QPPGEVKQPYKVJGZVGTPCNVJTGCFCPFITQQXGHQT1TKPI
o

m
f
en
ng
i
t.
py ä1TKPI
Co
t. Co
py
rig
äOOOO
h ht
rig by
opy Vo
ä'ZVTCEVKQPCPFHKNNKPIXCNXG
by c lksw
cted agen
Prote AG.
ä1TKPI

äOOOO
ä%CR

3

(KI4GOQXKPIGXCEWCVKPICPFEJCTIKPIXCNXGJKIJRTGUUWTGUKFG

ä'ZVTCEVTGHTKIGTCPVEKTEWKVYKVJ5GTXKEGUVCVKQP8#)
CPFVJGPTGPGYVJGXCNXG

(QTHWTVJGT5GTXKEGUVCVKQPU $KPFGT8QNMUYCIGP9QTMUJQR

'SWKROGPV

0QVGU

t&TCKPKPIVJGTGHTKIGTCPVKPVQVJGGPXKTQPOGPVKUCRWPKUJCDNGQH

HGPEG
t6QRTGXGPVVJGKPITGUUQHFCORPGUUCNNEQORQPGPVUQHVJGTG
HTKIGTCPVEKTEWKVYJKEJJCXGDGGPQRGPGFOWUVDGUGCNGFYKVJ

UWKVCDNGRNWIU
ä%QPPGEVKQPYKVJKPVGTPCNVJTGCF

ä1TKPI

äOOOO
ä'ZVTCEVKQPCPFHKNNKPIXCNXGYKVJITQQXGCPFKPVGTPCNVJTGCF

HQTECR
ä1TKPI

äOOOO
ä%CR

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

3

(KI%JGEMKPIRTGUUWTGTGNKGHXCNXGQPEQORTGUUQT

t6CUMRTQVGEVUTGHTKIGTCPVEKTEWKVCICKPUVGZEGUUKXGRTGUUWTGU
rrectness of i

t6JGRTGUUWTGTGNKGHXCNXGVGNNVCNGKPFKECVGUKHXCNXGJCUQRGPGF
l purpos
#PCVVCEJGFCFJGUKXGRNCVGCTTQYKURWUJGFQWV

nf
ercia
orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

3

(KI6CUMUQHTGUGTXQKTCPFFT[GT

6JGHNWKFTGUGTXQKTEQNNGEVUVJGNKSWKFFTQRNGVUCPFIWKFGUVJGOKP
CEQPVKPWQWUUVTGCOVQVJGGZRCPUKQPXCNXG/QKUVWTGYJKEJJCU
GPVGTGFVJGTGHTKIGTCPVEKTEWKVFWTKPICUUGODN[KUEQNNGEVGFD[VJG
FT[GTKPVJGTGUGTXQKT

0QVG

6JGHNWKFTGUGTXQKTOWUVDGTGPGYGFGCEJVKOGVJGTGHTKIGTCPVEKT

EWKVKUQRGPGF

3

(KI4GNGCUKPIEQPPGEVKQP

0QVG

6JGHNCPIGUQHVJGRKRGUCTGJGNFVQIGVJGTD[URTKPIRTGUUWTG+H

VJGURTKPIKUUVTGVEJGFYKVJVJGTGNGCUGVQQNKVKURQUUKDNGVQRWNN
gen AG
. Volkswagen AG
does
ol swa
kVJGRKRGUCRCTV not
byV gu
ara
ed
oris ä6GPUKQPTGNGCUGVQQNCTQWPFVJGHNCPIGUCPFRWNNCRCTV
nte
eo
th
au ra
c
ss
ce
le
un
pt
an
d
itte
y li
erm
ab
ility
ot p

wit
is n
h re
ole,
spec
t to the co

%JGEMKPICKTEQPFKVKQPGTRTGUUWTGUYKVEJ(

rrectne
t6JGRTGUUWTGUYKVEJECPDGTGOQXGFYKVJQWVGZVTCEVKPIVJGTG

HTKIGTCPVHTQOVJGTGHTKIGTCPVEKTEWKV

ss o

cial p
t8KUWCNEJGEM'PUWTGVJCV1TKPIOOZOOKUUGCVGF
in
3 KPITQQXG
form
mer

atio
5YKVEJRCTVDGVYGGPDNWGYKTKPIUYKVEJGUOCIPGVKEEQWRNKPI
m

o
0QHHYJGPTGHTKIGTCPVEKTEWKVKUKPUWHHKEKGPVN[HKNNGFQTRTGUUWTG
c
i
or

thi
KUVQQJKIJ
te
sd
a

v

i
ä1RGPUDGNQYDCTCPFENQUGUCICKPCDQXGDCT
UYKVEJKPI
pr
cum

r
fo
VJTGUJQNF
en
ng

t.
yi Co
ä1RGPUCDQXGDCTCPFENQUGUCICKPDGNQYDCT
UYKVEJKPI
. Cop py
rig
ht
py VJTGUJQNF
rig by
Vo
ht
o
%JGEMKPIUYKVEJRCTV
by c lksw
cted agen
Prote AG.
ä$TKGHN[DTKFIGEKTEWKVDGVYGGPEJCODGTUCPFYKVJGPIKPG
TWPPKPI+HVJGOCIPGVKEEQWRNKPI0UYKVEJGUQPVJGTGHTKI
GTCPVU[UVGOKUGORV[

5YKVEJRCTVDGVYGGPTGFDNCEMYKTKPIUYKVEJGUEQQNCPVHCP8
VQPFURGGFYJGPTGHTKIGTCPVRTGUUWTGTKUGU

ä%NQUGUCDQXGDCTCPFQRGPUDGNQYDCT
UYKVEJKPI
VJTGUJQNF

'XCNWCVKPIVJGEJGEMUQPVJGRTGUUWTGUYKVEJHQTVJGCKTEQPFK
VKQPGT(

t6JGHQNNQYKPIEJGEMUCTGRGTHQTOGFYJGPKPUVCNNGF

6QCUUGUUYJGVJGTVJGCKTEQPFKVKQPGTKUYQTMKPIEQTTGEVN[VJGHQN
NQYKPIEJGEMUOWUVDGECTTKGFQWV

ä%JGEMEQPFKVKQPQHHKNNKPIVJGCKTEQPFKVKQPGTU[UVGOKU
UYKVEJGFQHHYJGPRTGUUWTGKUVQQNQY
HQTGZCORNGYJGPTG
HTKIGTCPVKUNQUV

3 ä%JGEMKPIDNQYGTEKTEWKVVJGTCFKCVQTHCP8KUUYKVEJGFVQVJG

PGZVJKIJGUVURGGFYJGPRTGUUWTGKPVJGTGHTKIGTCPVEKTEWKVKP

ETGCUGU
GZEGUUKXGRTGUUWTG
ä%JGEMCKTEQPFKVKQPGTUYKVEJQHHVJGCKTEQPFKVKQPGTKUUYKVEJGF
QHHYJGPRTGUUWTGKUGZEGUUKXG
HQTGZCORNGYJGPGPIKPGEQQN
KPIKUKPUWHHKEKGPV

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
ility
ot p

wit
, is n
h re
hole
spec
es, in part or in w
t to the co

4GOQXKPIGZRCPUKQPXCNXG

rrectness of i

0QVGU
l purpos
nform
ercia
m

at
om
o

n
c
in t
r
o
his
te
a
do
riv
p
cum
for
en
ng
t.
yi Co
t. Cop t6JGEQNQWTEQFKPIQH1TKPIUHQTVJG
py
rig
pyri
gh 4CTGHTKIGTCPVEKTEWKVUJCUDGGP
by
ht
FKUEQPVKPWGF%QNQWTGFCPFDNCEM1
co Vo
by lksw
cted agen
Prote AG. TKPIUCTGWUGF

ä(TQPVGXCRQTCVQT
t+PRCUUGPIGTEQORCTVOGPV
t4GOQXKPI 2CIG
FKUOCPVNKPICPFCUUGODNKPI
GXCRQTCVQTJQWUKPI

ä1TKPI
tOOOO

ä'ZRCPUKQPXCNXG
VGT

ä$QNV
t0O

ä1TKPI
tOOOO

AG. Volkswagen AG d
agen oes
olksw not
byV gu
ara
ed
ris nte
ho eo
aut ra
ss c
ce
e
nl
pt
du
an
itte
y li

erm
ab
ility
ot p
wit
, is n
h re
hole
spec

es, in part or in w

t to the co
ä1TKPI
tOOOO
rrectness of i

ä4GHTKIGTCPVRKRG
l purpos
t(TQOHNWKFEQPVCKPGTYKVJFTKGT
VQGZRCPUKQPXCNXG nform
ercia

ä$QNV
m

at
om
t0O
io

n
c

in t
or

his
e
ä4GHTKIGTCPVJQUG
at
do
riv
t(TQOGZRCPUKQPXCNXGVQEQO
p
cum
or
RTGUUQT
f
en
ng
i t.
py

Co
Co py
ä1TKPI
ht. rig
rig ht
py by
by co
tOOOO
Vo
lksw
cted

agen
Prote AG.

4GOQXKPI
0QVG
&TCKPKPIVJGTGHTKIGTCPVKPVQVJGGPXK
TQPOGPVKUCRWPKUJCDNGQHHGPEG
ä7PUETGYDQNV
ä2WNNQWVTGHTKIGTCPVRKRGäCPFTG
HTKIGTCPVJQUG
t4GRNCEG1TKPIUäCPF

ä4GOQXGDQNV

ä4GOQXGGZRCPUKQPXCNXG
t4GRNCEG1TKPIUäCPF

lkswage es n
o ot g
byV ua
d ran
ir se tee
tho
u or
a ac
ss
ce
e

nl
pt
du
an
itte
y li
erm
ab
ility
ot p
wit

, is n
h re

5GTXKEKPIOCIPGVKEEQWRNKPI
hole
spec

0YJGPEQORTGUUQTKUTG
es, in part or in w
t to the co
OQXGF/CPWHCEVWTGT5CPFGP

rrectness of i
l purpos
CWZKVGOUTGSWKTGF
t6YQJQNGRKPYTGPEJ
nf
ercia
t892TGUURNCVG
orm
t892TGUURNCVG
m
atio
m
t892TGUURKGEG
o
n in
c
t892TGUURKGEG
or

thi
te
t89$CUGRNCVG
sd
a

iv
o
r
0QVKNNWUVTCVGF
rp
cu

o
m
f
t%QOOGTEKCNN[CXCKNCDNGVYQCTO
en
ng
t.
yi Co
. Cop RWNNGTGI-WMMQYKVJCTOU
py
rig
HQTCFGRVJQHOO
t
gh ht
yri by

op Vo

c by lksw
cted agen
Prote AG.

t8#)%QWPVGTJQNFVQQNHQTEQWRNKPIRNCVG

t8#)2WNNGTHQTOCIPGVKEEQWRNKPI

lkswage es n
o ot g
byV ua
d ran
ir se
tee
tho
u or
a ac
ss
ce
e
nl
pt
du
an
itte
y li
erm
ab
2GTHQTOHQNNQYKPIYQTMHKTUV
ility
ot p
ä'ZVTCEVTGHTKIGTCPVYKVJ5GTXKEGUVC
wit
, is n
VKQP8#)
h re
hole
0QVG
spec
es, in part or in w
t to the co
ä6CMGCKTEQPFKVKQPGTEQORTGUUQTQHH
DTCEMGV 4GOQXKPICPFKPUVCNNKPI

rrectness of i
DTCEMGVHQTCKTEQPFKVKQPGTEQORTGU

l purpos
UQT

ä*GZCIQPPWV
nform
ercia
t0O

m
t5GNHNQEMKPI
at
om
io
t4GRNCEKPI
n
c
in t
or
t7PFQKPI (KI
his
ate

do
priv
cum
ä%QWRNKPIRNCVG
for
en
g
t2WNNKPIQHH (KI
n
t.
yi Co
op
t%JGEMKPIENGCTCPEG (KI
C py
t. rig
gh ht
copyri by
Vo
lksw
by
cted agen
Prote AG.

ä%KTENKR
t4GRNCEKPI
ä+PUVCNNEQTTGEVN[
(NCVUKFGHCEGUEQORTGUUQT
t'PUWTGUGCVGFEQTTGEVN[KP
ITQQXG

ä$GNVRWNNG[

t2WNNKPIQHH (KI

t2TGUUKPIQP (KI

ä$CNNDGCTKPI
t2TGUUKPIQHH (KI
t2TGUUKPIKP (KI

ä%KTENKR
t4GRNCEKPI
ä+PUVCNNEQTTGEVN[
ITQQXG

AG. Volkswagen AG d

agen oes
olksw not
yV gu
db ara
rise nte
tho eo
u
s a ra
c
s

ce
le
un
pt
ä%KTENKR
an
d
itte
y li
t4GRNCEKPI
erm
ab
ä+PUVCNNEQTTGEVN[
ility
ot p
wit

is n
h re
ole,
spec
ITQQXG

t to the co
ä/CIPGVYKPFKPIU

t.QEMGFYKVJHKVVGFRKP

t5GEWTGFYKVJEKTENKR rrectne
0QVGU
#PQXGTJGCVKPIRTQVGEVKQPKUKPUVCNNGF
ss
KPVJGOCIPGVYKPFKPIU6JG
o
cial p

in
QXGTJGCVKPIRTQVGEVKQPKPVGTTWRVUVJG
form
mer
OCIPGVYKPFKPIUCUUQQPCUVJG
atio
OCIPGVKEEQWRNKPIQXGTJGCVU
HQT
om
n
c
GZCORNGCDKPFKPIEQORTGUUQT
i
or
n thi
e

t
sd
va
ä5RCEGTU
i
o
pr
cum
r
fo
t6QCFLWUVVJGENGCTCPEGDG
en
ng
t.
yi
VYGGPEQWRNKPICPFDGNVRWNNG[
Co
Cop py
t%JGEMKPIENGCTCPEG (KI
ht. rig
rig ht

py by
co Vo
by lksw
cted agen
Prote AG.

ä9QQFTWHHMG[

ä%QORTGUUQT
t5&8EQORTGUUQT
t(TQOITCFWCNKPVTQFWE
VKQP
t5&*EQORTGUUQT
t7RVQ

AG. Volkswagen AG d
agen oes
olksw not

byV gu
4GOQXKPIOCIPGVKEEQWRNKPIHTQOEQORTGUUQTCPFTGKPUVCNNKPI
ised ara
nte

or eo
ut
h
ra
s a c
s
ce
e
3
nl

pt
(KI7PFQKPIJGZCIQPPWV
du
an
itte

y li

ä7UGEQWPVGTJQNFHQTEQWRNKPIRNCVGQT8#)CPF
erm
ab
WPFQJGZCIQPPWV
ility
ot p

wit

, is n
h re
hole
spec
es, in part or in w

t to the co

rrectness of i

l purpos

nform
ercia
3

(KI2WNNKPIQHHEQWRNKPIRNCVG
m

at

om
0QVG
io

n
c
in t
6JGVJTGGJGZCIQPDQNVUQHVJG8#)JCXGCVJTGCF
or

his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

3

(KI2WNNKPIQHHDGNVRWNNG[HQTOCIPGVKEEQWRNKPI

ä.QECVGJQQMUCTTQYCUUJQYPKPKNNWUVTCVKQP

0QVG

+HVJGJQQMUCTGHKVVGFQPVJGNQYGTGFIGQHVJGDGNVRWNNG[VJGTG
KUCFCPIGTQHFCOCIKPIVJGOCIPGVKEEQWRNKPI0EQKN

ä2WNNQHHDGNVRWNNG[YKVJCEQOOGTEKCNN[CXCKNCDNGVQYCTORWNNGT
GI-WMMQYKVJCTOUHQTCFGRVJQHOO

3

(KI2TGUUKPIQHHDCNNDGCTKPI

3

(KI2TGUUKPIKPDCNNDGCTKPI
wage es n
olks o t gu
db
yV ara
rise nte
tho eo
s au ra
c
s

ce
e
nl
pt
du

an
itte
y li

erm
ab
ility

ot p
wit
, is n

h re

hole
spec

es, in part or in w
t to the co

3

(KI2TGUUKPIQPOCIPGVKEEQWRNKPIDGNVRWNNG[

rrectness of i
0QVG

2NCEGEQORTGUUQTFQYPHNCVQVJGTYKUGVJGTGKUCFCPIGTVJCVVJG
l purpos

DGNVRWNNG[YKNNDGFGHQTOGFYJGPRTGUUKPIQP

ä&TKXGKPVJTGCFGFDWUJ
nf
ercia

r

m
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

3

(KI%JGEMKPICPFCFLWUVKPIENGCTCPEG

ä%JGEMENGCTCPEGYKVJCFGRVJICWIGD[TGRGCVGFN[UYKVEJKPI
VJGOCIPGVKEEQWRNKPIQPCPFQHH
CRRN[KPICXQNVCIGQH8

t5RGEKHKECVKQPOO

ä#FLWUVENGCTCPEGWUKPIUJKOUKHPGEGUUCT[2WNNQHHEQWRNKPI

RNCVGVQFQVJKU
0QVGU

t6JGENGCTCPEGOWUVNKGYKVJKPVJGRGTOKVVGFVQNGTCPEGUQXGTVJG

EQORNGVGEKTEWOHGTGPEG
t6JGENGCTCPEGECPDGOGCUWTGFYJGPVJGEQORTGUUQTKUKP

UVCNNGF
t+HVJGENGCTCPEGKUQWVUKFGVJGURGEKHKECVKQPTGOQXGEQWRNKPI
RNCVGCPFCFLWUVENGCTCPEGD[TGOQXKPIQTKPUVCNNKPIURCEGTU

4GOQXKPICPFKPUVCNNKPIEQP
FGPUGT

lkswage es n
byV
o 9CTPKPI ot gua
ed ran
ris tee
tho or
au #NYC[UFKUEQPPGEVVJGDCVVGT[GCTVJUVTCR
ac
ss DGHQTGYQTMKPIQPVJGGNGEVTKECNU[UVGO

ce
e
nl
pt
0QVGU
du
an
itte
TCFKQ
y li
erm
ab
ENQEMGNGEVTKEYKPFQYUCURGT
ility
ot p
9QTMUJQR/CPWCNCPFQT1YPGT U
wit
, is n
/CPWCNYJGPTGEQPPGEVKPIVJGDCV
h re
hole
VGT[
spec
es, in part or in w
t to the co
rrectness of i
l purpos

nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

ä'ZVTCEVTGHTKIGTCPVYKVJ5GTXKEGUVC
VKQP8#)
0QVG
ä4GOQXGTGHTKIGTCPVRKRGUJQUGUQP
EQPFGPUGTCPFUGCN
ä4GOQXGTCFKCVQTITKNNG
)GPGTCNDQF[TGRCKTU'ZVGTKQT
4GRCKTITQWR$QF[HTQPV4GOQX
KPITCFKCVQTITKNNG
ä.QQUGPDQPPGVNQEMECTTKGTCPFRWNN
HQTYCTF
)GPGTCNDQF[TGRCKTUGZVGTKQT
4GRCKTITQWR$QF[HTQPV4GOQX
KPINQEMECTTKGT

ä4GHTKIGTCPVRKRGU
agen AG. Volkswagen AG d
oes CDNGQHHGPEG
ksw not
y Vol gua
b
ed ä.QEMECTTKGT
ran
oris tee
auth
or
ac
ss ä$QNVU
ce
e
nl
t0O
pt
du
an
t3V[
itte
y li
erm
ab

ility
ot p
ä%QPFGPUGT
wit
, is n

h re
hole
spec
es, in part or in w
t to the co
rrectness of i
l purpos
nform
mercia
at
om
ion
c
in t
or
his
ate
do
priv
cum
for
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen

GXCRQTCVQTJQWUKPIHQTHTQPV
UGCVUCPFTGCTUGCVU

9CTPKPI

0QVGU
TCFKQ
ENQEMGNGEVTKEYKPFQYUCURGT
9QTMUJQR/CPWCNCPFQT1YPGT U
/CPWCNYJGPTGEQPPGEVKPIVJGDCV
VGT[

n AG. Volkswagen AG t%QORQPGPVUWPFGTNKPGFECPDGTG
wage does
not PGYGFCHVGTHKTUVTGOQXKPIVJG
Volks gu
by aGXCRQTCVQTYKVJJGCVGT
rised ran
tee
utho
or
a ac
ss ä'ZVTCEVTGHTKIGTCPVYKVJ5GTXKEGUVC
ce
VKQP8#)
le

un
pt
0QVG
an
d
itte

y li
erm
ab
ility
ot p
wit
ä&TCKPEQQNCPV
is n
h re
ä4GOQXGFCUJRCPGN
ole,
spec
)GPGTCNDQF[TGRCKTUKPVGTKQT
4GRCKT)TQWR4GOQXKPICPFKP
t to the co
UVCNNKPIFCUJRCPGN
ä4GOQXGJGCVGTCPFCKTEQPFKVKQPGT
rrectne
WPKV

ss o
cial p
f inform
mer
atio
om
n
c
i
or
n thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
o Vo

by c lksw
cted agen
Prote AG.

'XCRQTCVQTJQWUKPIHQTHTQPVUGCVU

ä(TGUJCKTDNQYGT8
UWTHCEGUYKVJ#/8

ä5GTKGUTGUKUVQT0

ä*QWUKPIWRRGTRCTV
t9KVJHTGUJCKTCPFTGEKTEWNCVKPI
CKTHNCR
UWTHCEGUYKVJ#/8

ä+PVCMGTKPI

ä'XCRQTCVQT
t9KVJHWPPGNVQIWKFGVJGVGO
RGTCVWTGUYKVEJ'UGPUQT
RKRG

ä)CUMGV

ä+PVCMGJQWUKPI

EWNCVKPICKTHNCR
gen AG. Volkswagen AG d t8CEWWOJQUGEQPPGEVKQPFKC
a oes
ksw not
y Vol gua ITCO 2CIG
db ran
rise
te
tho eo
s au rä'XCRQTCVQTVGORGTCVWTGUYKVEJ
ac
s
'
ce
e
nl
pt
du

an
itte
OO
y li

erm
ab
ility

ot p
wit
, is n
QRGPUCVQTDGNQY%
h re
hole

spec
ä*QWUKPINQYGTRCTV
es, in part or in w
t to the co
UWTHCEGUYKVJ#/8

rrectness of i

ä&QWDNGXCEWWOWPKVHQTEGPVTCN
l purpos
HNCR
nf
ercia
ITCO 2CIG
rm
m

atio

om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
Prote
cted AG.
agen


ä8CEWWOWPKVHQTHQQVYGNNFGHTQUV
HNCR
ITCO 2CIG

ä*GCVGZEJCPIGT


HTGGCNNCTQWPF
RNGVGEQQNCPV

ä)CUMGV

ä6GORGTCVWTGHNCRECDNG

VTQNU

ä8CEWWOJQUGU
ITCO 2CIG

'XCRQTCVQTJQWUKPIHQTTGCTUGCVU

agen AG. Volkswagen AG do ä#KTFWEV
w es no
olks
byV t gu
ara
ed
oris nte
eo äPFGXCRQTCVQT
h
ut ra t&QPQVFKUOCPVNGHWTVJGT
ss
a c

ce
e
nl
pt
ä6GORGTCVWTGUGPUQT)
du

an
itte
t+PUGTVKQPFGRVJOCTMGF
y li

erm
ab
OO
ility

ot p

wit
, is n
äPFGXCRQTCVQTCKTEQPFKVKQPKPI
h re
hole
EQPVTQNCPFTGIWNCVKPIWPKV
spec
es, in part or in w
,
t to the co
ä4GNC[RQUKVKQP
%WTTGPVHNQYFKCITCOU'NGEVTKECN
HCWNVHKPFKPICPF(KVVKPINQECVKQPU
rrectness of i

l purpos
äPFGXCRQTCVQTHTGUJCKTDNQYGT
TGNC[

nf
ercia

orm
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

ä9CVGTFTCKPRKRG

ä)TQOOGV

ä.KRXCNXG

ä%QPPGEVQT

NGCUGVQQN 2CIG

(KI

ä1TKPIU
tOOOO
t3V[

ä1TKPIU
tOOOO
t3V[

ä%QPPGEVQT
NGCUGVQQN 2CIG
(KI

AG. Volkswagen AG d ä$NQYGTHQTPFGXCRQTCVQT
agen oes
olksw not
d by V gu
ara t$GHQTGKPUVCNNKPIEQCVEQPVCEV
rise nte
UWTHCEGUYKVJ#/8
tho eo
s au ra
c
s

ce
e
nl
pt
äVJTGCFä70(
du

an
itte

y li

erm
ab
ä1TKPIU
ility

ot p
tOOOO
wit
, is n

t3V[
h re

hole

spec

es, in part or in w
t to the co
0
t1RGPYJGPEWTTGPVKUUWRRNKGF
t1PN[QPCKTEQPFKVKQPKPIU[U
rrectness of i
VGOUYKVJPFGXCRQTCVQT
l purpos

ä1TKPIU
tOOOO
nform
ercia
tOOOO
m
at
t3V[
om
ion

c

in t
or
his
ate
do
priv
cum
for
en
ng
t.
yi Co
Cop py
t. rig
gh ht
pyri by
Vo
co lksw
by
cted agen
Prote AG.

ä1TKPIU
tOOOO
tOOOO
t3V[

ä5QEMGVJGCFUETGY
t0O


TCVQT
VGT
t6JGUCOGEQORQPGPVCUVJG
HTQPVGXCRQTCVQT

ä5GTKGUTGUKUVCPEG0YKVJ
QXGTJGCVKPIHWUGHQTPFGXCRQ
TCVQT

AG. Volkswagen AG d
agen oes
olksw not
yV gu
b
%CRCEKVKGU

d ara
ise nte
hor eo
ut

ra
a
ss
4GHTKIGTCPV4C c
ce
e
nl
pt

du

an
itte
y li
%QORTGUUQT /CPWHCEVWTGT %CRCEKVKGU

erm
ab
5&*5&8
ility
ot p
wit
8GJKENGUYKVJQPG 5CPFGPHTQO ITCO

, is n
h re
GXCRQTCVQT OGU
hole
spec
5&*5&8
es, in part or in w
8GJKENGUYKVJVYQ 5CPFGPHTQO

t to the co
GXCRQTCVQTU ITCOOGU
5&*5&8
rrectness of i
8GJKENGUYKVJNQPI 5CPFGPHTQO

YJGGNDCUG ITCOOGU
l purpos

0QPTGIWNCVKPIEQORTGUUQT5&*

4GIWNCVKPIEQORTGUUQT5&8ITCFWCNKPVTQFWEVKQPHTQO
nf
ercia

r

m
m
atio
om
n in
or c
thi
te
sd
iva
o
r
rp
cu
o
m
f
en
ng
i t.
py Co
t. Co py
rig
h ht
rig by
copy Vo
by lksw
cted agen
Prote AG.

4GHTKIGTCPVQKN

6JGURGEKCNTGHTKIGTCPVQKN
HQTWUGYKVJTGHTKIGTCPVEKTEWKVU4C
QPN[KUPQNQPIGTQDVCKPCDNGQPVJGTGHTKIGTCPVOCEJKPGQKNOCT
MGV

4GHTKIGTCPVQKNECPDGQDVCKPGFWUKPIHQNNQYKPIRCTV0QHQT
5&*EQORTGUUQT5CPFGP )#
5&8EQORTGUUQT5CPFGP )#

6[RG 2TQFWEVKQPRGTKQF %CRCEKV[
6TCPURQTVGTYKVJ
QPGGXCRQTCVQT HTQO EO
6TCPURQTVGTYKVJ
VYQGXCRQTCVQTU HTQO
EO

6JKUSWCPVKV[QHTGHTKIGTCPVQKNKUKPCTGRNCEGOGPVEQORTGUUQT
CPFGSWCVGUVQVJGECRCEKV[

6JKUSWCPVKV[QHTGHTKIGTCPVQKNOWUVDGCFFGFVQVJGTGHTKIGT
CPVEKTEWKV
AG. Volkswagen AG d

agen oes
olksw not
byV gu
ara
ed
ris nte
tho eo
u
s a ra
c
s

(WTVJGTKPHQTOCVKQP
ce
le
un
pt

an
d
6JGTGHTKIGTCPVQKNKUXGT[J[ITQUEQRKEVJGTGHQTGQRGPGFEQPVCKP
itte

y li
GTUOWUVDGENQUGFKOOGFKCVGN[CHVGTWUGVQUVQRKPITGUUQHOQKU
erm
ab

ility
VWTG
ot p

wit
is n
4GHTKIGTCPVQKNDGECWUGQHKVUEJGOKECNRTQRGTVKGUOWUVPQVDG
h re
ole,
FKURQUGFQHYKVJGPIKPGQKNUQTIGCTDQZQKNU
spec
1KNFKUVTKDWVKQP
t to the co

6JGQKNKUFKUVTKDWVGFVJTQWIJVJGTGHTKIGTCPVEKTEWKVYJKEJKUNQ
ECVGFKPVJGUWORQHVJGEQORTGUUQTDGHQTGKPKVKCNN[UYKVEJKPIVJG
CKTEQPFKVKQPGTU[UVGOCUHQNNQYU
rrectne
t%QORTGUUQT CRRTQZ
s
t%QPFGPUGTCRRTQZ
s o
cial p

i
t5WEVKQPJQUG CRRTQZ
nform
mer
t'XCRQTCVQTCRRTQZ
atio
m
t(NWKFTGUGTXQKTCRRTQZ
o
n
c
i
or

thi
te
sd
iva
o
pr
cum
r
fo
en
ng
t.
yi Co
Cop py
ht. rig
rig ht
py by
co Vo
by lksw
cted agen
Prote AG.

VW t4 Climate Control and Heating

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

VW t4 Climate Control and Heating

Uploaded by

Copyright:

Available Formats

5GTXKEG 3

8#)ä5'.(&+#)015+5 *'.2 +PFKECVGFQPFKURNC[

 %.+/#6410+% 8:: 6JGEQPVTQNWPKVKFGPVKHKECVKQPPWODGTKUFKURNC[GF

 %.+/#6410+% 8:: 6JGEQPVTQNWPKVKFGPVKHKECVKQPPWODGTKUFKURNC[GF

4CRKFFCVCVTCPUHGT *'.2 +PFKECVGFKPFKURNC[

 'TCUGHCWNVOGOQT[ 

 'PFQWVRWV 

 %QFKPIEQPVTQNWPKV 

 4GCFOGCUWTGFXCNWGDNQEM 

4CRKFFCVCVTCPUHGT *'.2 +PFKECVGFQPFKURNC[

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

5JQTVVQGCTVJ 5JQTVEKTEWKVKPYKTKPIHTQOEQPVTQN ä%JGEM8WUKPI4GCFOGCUWTGFXCNWG

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

1RGPEKTEWKVUJQTVVQRQUKVKXG 5JQTVEKTEWKVQTQRGPEKTEWKVKPYKT ä%JGEM)WUKPI4GCFOGCUWTGFXCNWG

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

KPIQTEQPPGEVQTUVQCODKGPVVGO DNQEM 2CIG

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

EJCTIGFQTTGHTKIGTCPVKPUWHHK DNQEM 2CIG

KPIQTEQPPGEVQTUVQUWPNKIJV DNQEM 2CIG

8KUDNQEMGF ä%CTT[QWVHKPCNEQPVTQNFKCIPQUKU 2CIG

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

4GCFOGCUWTGFXCNWGDNQEM  +PFKECVGFQPFKURNC[

 /GCUWTGOGPVXCNWG &KURNC[GFXCNWGKUFG ä%JGEMYKTKPICPFEQPPGEVQTUCE

QHUWPNKIJVRGPGVTC RGPFGPVWRQPNKIJVKP  EQTFKPIVQEWTTGPVHNQYFKCITCO

%QPV NKIJV 

  #KTEQPFKVKQPKPI ä-KEMFQYPUYKVEJ KPFKECVGFQP

U[UVGOEWVQWVD[  %JGEMYKTKPIHTQOCWVQOCVKEIGCT

CWVQOCVKEIGCTDQZ  VTQPKEEQPVTQNWPKV,

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU 8#) 4GEVKH[KPIHCWNV

PWODGT \QPG FKU

%QPV HNCR  

DWVVQP  VQEGPVTCNHNCRRQUKVKQPKPI

#KTEWTTGPVVQHQQVYGNNUG  OQVQTRQVGPVKQOGVGT

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU 8#) 4GEVKH[KPIHCWNV

PWODGT \QPG FKU

  8CNXGUVTKR0 ä4GEKTEWNCVKPICKTDWVVQP ä%JGEMYKTKPIHTQO%NKOC

CKTTGEKTEWNCVKPICKT PQVRTGUUGF  4GPGYXCNXGUVTKR0

HNCRCPFEGPVTGXGPV 4GEKTEWNCVKPICKTDWVVQP 

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU 8#) 4GEVKH[KPIHCWNV

PWODGT \QPG FKU

  5YKVEJRQUKVKQPQH ä/CZKOWOJGCVGTQWV ä%JGEMYKTKPIHTQO%NKOC

RWOR8 YCTOGTDWVVQPKP  6GXKCEQQNCPVEKTEW

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU 8#) 4GEVKH[KPIHCWNV

  6GUVTGUWNVQHTGCT &KURNC[GFXCNWGGSWCVGU ä%JGEMYKTKPICPFEQPPGE

RGTCVWTGUGPFGT UWTTQWPFKPICKTVGORGTC HNQYFKCITCO

 5YKVEJRQUKVKQPQH ä/KPKOCNJGCVGTQWVRWV ä%JGEMYKTKPIHTQOVGTOK

0 FTKXGT UEQORCTVOGPV EQPVCEV6G

PWODGT \QPG FKU

%QPV CKTDNQYGT8 &KURNC[HQTUGNGEVGFKPVG 8 VKQPUCEEQTFKPIVQEWTTGPV

  8QNVCIGCVTGCT ä8GJKENGGPIKPGTWPPKPI CRRTQZ ä%JGEMYKTKPICPFEQPPGE

8 TKQTVGORGTCVWTGVQ HNQYFKCITCO

4CRKFFCVCVTCPUHGT *'.2 +PFKECVGFQPFKURNC[

4CRKFFCVCVTCPUHGT *GNR +PFKECVGFQPFKURNC[

ä2WNNEQPPGEVQTUQHH n AG. Volkswagen AG do

oris ä #KTFKUVTKDWVKQPJQWUKPICKTEJCPPGNCPFJGCVGZEJCPIGT

ä $NQYGTURGGFFKURNC[HQTRCUUGPIGT UEQORCTVOGPV

ä 5GNGEVGFKPVGTKQTVGORGTCVWTGHQTRCUUGPIGT UEQORCTV

ä $NQYGTURGGFHCUVGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä $NQYGTURGGFUNQYGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä %QNFGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä 9CTOGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä $NQYGTURGGFUNQYGTDWVVQPHQTRCUUGPIGT UEQORCTV

5GTXKEG 3

8#)ä5'.(&+#)015+5 *'.2 +PFKECVGFQPFKURNC[

%.+/#6410+% 8:: 6JGEQPVTQNWPKVKFGPVKHKECVKQPPWODGTKUFKURNC[GF

%.+/#6410+% 8:: 6JGEQPVTQNWPKVKFGPVKHKECVKQPPWODGTKUFKURNC[GF

'TCUGHCWNVOGOQT[

'PFQWVRWV

%QFKPIEQPVTQNWPKV

4GCFOGCUWTGFXCNWGDNQEM

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

5JQTVVQGCTVJ 5JQTVEKTEWKVKPYKTKPIHTQOEQPVTQN ä%JGEM8WUKPI4GCFOGCUWTGFXCNWG

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

1RGPEKTEWKVUJQTVVQRQUKVKXG 5JQTVEKTEWKVQTQRGPEKTEWKVKPYKT ä%JGEM)WUKPI4GCFOGCUWTGFXCNWG

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

KPIQTEQPPGEVQTUVQCODKGPVVGO DNQEM 2CIG

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

EJCTIGFQTTGHTKIGTCPVKPUWHHK DNQEM 2CIG

KPIQTEQPPGEVQTUVQUWPNKIJV DNQEM 2CIG

8KUDNQEMGF ä%CTT[QWVHKPCNEQPVTQNFKCIPQUKU 2CIG

8#)RTKPVQWV 2QUUKDNGECWUGQHHCWNV 4GEVKH[KPIHCWNV

4GCFOGCUWTGFXCNWGDNQEM +PFKECVGFQPFKURNC[

/GCUWTGOGPVXCNWG &KURNC[GFXCNWGKUFG ä%JGEMYKTKPICPFEQPPGEVQTUCE

QHUWPNKIJVRGPGVTC RGPFGPVWRQPNKIJVKP EQTFKPIVQEWTTGPVHNQYFKCITCO

%QPV NKIJV

#KTEQPFKVKQPKPI ä-KEMFQYPUYKVEJ KPFKECVGFQP

U[UVGOEWVQWVD[ %JGEMYKTKPIHTQOCWVQOCVKEIGCT

CWVQOCVKEIGCTDQZ VTQPKEEQPVTQNWPKV,

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU 8#) 4GEVKH[KPIHCWNV

PWODGT \QPG FKU

%QPV HNCR

DWVVQP VQEGPVTCNHNCRRQUKVKQPKPI

#KTEWTTGPVVQHQQVYGNNUG OQVQTRQVGPVKQOGVGT

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU 8#) 4GEVKH[KPIHCWNV

PWODGT \QPG FKU

8CNXGUVTKR0 ä4GEKTEWNCVKPICKTDWVVQP ä%JGEMYKTKPIHTQO%NKOC

CKTTGEKTEWNCVKPICKT PQVRTGUUGF 4GPGYXCNXGUVTKR0

HNCRCPFEGPVTGXGPV 4GEKTEWNCVKPICKTDWVVQP

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU 8#) 4GEVKH[KPIHCWNV

PWODGT \QPG FKU

5YKVEJRQUKVKQPQH ä/CZKOWOJGCVGTQWV ä%JGEMYKTKPIHTQO%NKOC

RWOR8 YCTOGTDWVVQPKP 6GXKCEQQNCPVEKTEW

)TQWR &KURNC[ &GUKIPCVKQP 6GUVEQPFKVKQPU 8#) 4GEVKH[KPIHCWNV

6GUVTGUWNVQHTGCT &KURNC[GFXCNWGGSWCVGU ä%JGEMYKTKPICPFEQPPGE

RGTCVWTGUGPFGT UWTTQWPFKPICKTVGORGTC HNQYFKCITCO

5YKVEJRQUKVKQPQH ä/KPKOCNJGCVGTQWVRWV ä%JGEMYKTKPIHTQOVGTOK

0 FTKXGT UEQORCTVOGPV EQPVCEV6G

PWODGT \QPG FKU

%QPV CKTDNQYGT8 &KURNC[HQTUGNGEVGFKPVG 8 VKQPUCEEQTFKPIVQEWTTGPV

8QNVCIGCVTGCT ä8GJKENGGPIKPGTWPPKPI CRRTQZ ä%JGEMYKTKPICPFEQPPGE

8 TKQTVGORGTCVWTGVQ HNQYFKCITCO

4CRKFFCVCVTCPUHGT *GNR +PFKECVGFQPFKURNC[

ä2WNNEQPPGEVQTUQHH n AG. Volkswagen AG do

oris ä #KTFKUVTKDWVKQPJQWUKPICKTEJCPPGNCPFJGCVGZEJCPIGT

ä $NQYGTURGGFFKURNC[HQTRCUUGPIGT UEQORCTVOGPV

ä 5GNGEVGFKPVGTKQTVGORGTCVWTGHQTRCUUGPIGT UEQORCTV

ä $NQYGTURGGFHCUVGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä $NQYGTURGGFUNQYGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä %QNFGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä 9CTOGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä $NQYGTURGGFUNQYGTDWVVQPHQTRCUUGPIGT UEQORCTV

ä %QNFGTDWVVQPHQTRCUUGPIGT UEQORCTVOGPV

ä 9CTOGTDWVVQPHQTRCUUGPIGT UEQORCTVOGPV

ä 5GNGEVGFKPVGTKQTVGORGTCVWTGHQTRCUUGPIGT UEQORCTV

ä $NQYGTURGGFHCUVGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä $NQYGTURGGFUNQYGTDWVVQPHQTFTKXGT UEQORCTVOGPV

3 ä %QNFGTDWVVQPHQTFTKXGT UEQORCTVOGPV

ä 9CTOGTDWVVQPHQTRCUUGPIGT UEQORCTVOGPV

8GJKENGUYKVJQPG 5CPFGPHTQO ITCO

8GJKENGUYKVJVYQ 5CPFGPHTQO

8GJKENGUYKVJNQPI 5CPFGPHTQO