Volkswagen Shareholders Approve Dividend Increase

HAMBURG, GERMANY – April 24, 2009: The shareholders present and represented at the 49th Annual General Meeting of Volkswagen Aktiengesellschaft approved a dividend increase for the 2008 financial year in Hamburg on Thursday. The proposal by the Board of Management and the Supervisory Board to pay a dividend of € 1.93 (previous year: € 1.80) per ordinary share and € 1.99 (previous year: € 1.86) per preferred share was accepted by a majority of 99.79 percent of the votes cast. € 779 million will therefore be appropriated from the net profit of Volkswagen AG of € 781 million for distribution. 75.98 percent of voting capital was represented at the Annual General Meeting.

The resolutions on formal approval of the actions of the members of the Board of Management and of the actions of the members of the Supervisory Board for fiscal year 2008 were passed by over 99% of the votes cast at the Annual General Meeting. Dr. Philipp Rösler, the Minister of Economic Affairs, Labor and Transport for the Federal State of Lower Saxony, was elected to the Supervisory Board, taking over from his predecessor Walter Hirche.