Remuneration Report

For fiscal year 2021, the Board of Management and Supervisory Board of Volkswagen AG have, for the first time, prepared a remuneration report in accordance with section 162 of the Aktiengesetz (AktG – German Stock Corporation Act) as amended by the Gesetz zur Umsetzung der zweiten Aktionärsrechterichtlinie (ARUG II – German Act on the Implementation of the Second Shareholders’ Rights Directive). In this report, we explain the main features of the remuneration system for the members of the Board of Management and Supervisory Board. The remuneration report also contains an individualized breakdown of the remuneration components provided to current and former members of the Board of Management and Supervisory Board.