Disclosures required by the Führungspositionen-Gesetz

The statutory quota of at least 30% women and at least 30% men has applied to new appointments to the Supervisory Board of Volkswagen AG since January 1, 2016 as required by the Gesetz für die gleichberechtigte Teilhabe von Frauen und Männern an Führungspositionen in der Privatwirtschaft und im öffentlichen Dienst (Führungspositionen-Gesetz, FüPoG – German Act on the Equal Participation of Women and Men in Leadership Positions in the Private and Public Sectors). Shareholder and employee representatives have resolved that each side will meet this quota separately. The shareholder representatives have met the quota of at least 30% women and at least 30% men since the 56th Annual General Meeting on June 22, 2016. The employee representatives have met the quota since the end of the 57th Annual General Meeting on May 10, 2017. Both the shareholder and the employee representatives fulfilled the quota on December 31, 2021.

In accordance with the proportion of women on the Board of Management as defined by the Führungspositionen-Gesetz, the Supervisory Board had set a target of 11.1% for the period after December 31, 2016. The deadline set at the time for achievement of this target expired on December 31, 2021. The proportion of female members on the Board of Management at Volkswagen AG as of December 31, 2021 was 12.5%, thus meeting the target quota.

In line with the Führungspositionen-Gesetz II Volkswagen AG will in future be subject to a mandatory participation requirement under which the Board of Management must have at least one woman and at least one man. The participation requirement will apply to the appointment of one or more members of the Board of Management from August 1, 2022. Volkswagen AG already complied with this participation requirement in fiscal year 2021. The requirement to set a target for the proportion of women in the Board of Management already ended as of August 12, 2021. Ms. Werner’s appointment ended on January 31, 2022. The Supervisory Board appointed two women as new members of the Board of Management effective February 1, 2022: Ms. Stars and Ms. Wortmann.

For the proportion of women in management in accordance with the Führungspositionen-Gesetz, Volkswagen AG had set itself the target of 13.0% women in the first level of management and 16.9% women in the second level of management for the period up to the end of 2021. As of December 31, 2021, the proportion of women in the active workforce at the first level of management was 13.5 (10.9)% and at the second level of management it was 18.3 (16.7)%. For the new period up to the end of 2025, Volkswagen AG has set itself the target of 16.5% women in the first level of management and 23.4% women in the second level of management, each as a proportion of the active workforce.