To our Shareholders

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Conflicts of interest

Mr. Hans Dieter Pötsch was a member of the Board of Management of Volkswagen AG until October 2015. His move to the Supervisory Board had already been planned irrespective of the diesel issue. In order to avoid conceivable conflicts of interest, Mr. Pötsch generally left the meeting room prior to discussions and resolutions adopted by the Supervisory Board that might relate to his conduct in connection with the diesel issue. For this reason, Mr. Pötsch did not participate in the meeting of the Supervisory Board from March 24 to 26, 2021, at which we discussed the report concerning the liability of members of the Board of Management of Volkswagen AG in connection with the diesel issue and the resolution concerning the possible assertion of claims against members of the Board of Management. Mr. Pötsch also left the room during the meeting of the Supervisory Board on June 5, 2021, when additional information was provided on this topic and, in particular, when the resolution was taken concerning the agenda for the 61st Annual General Meeting of Volkswagen AG and the resolutions proposed by the Supervisory Board.

No other conflicts of interest were reported or were discernible in the reporting period.