NEW MOBILITY – GLOBAL TRENDS LEADING TO NEW OPPORTUNITIES

Curriculum Vitae

Frank Witter was born on 29th May 1959 in Hannover. He is married and has one son and one daughter.

Career

After training as a qualified savings bank officer, Frank Witter studied economics at the University of Hannover. He joined Volkswagen AG in 1992, heading the capital markets business section at the Group Treasury. From January 1998 onwards, he was Treasurer at Volkswagen of America Inc., Volkswagen Canada Inc., VW Credit Inc. and their subsidiaries in Auburn Hills, Michigan, U.S.A. From 2001 to 2002 he served as Corporate Treasurer at SAirGroup in Zurich, Switzerland. In 2002 he became Chief Financial Officer (CFO) at Volkswagen of America Inc., Volkswagen Canada Inc., VW Credit Inc. and their subsidiaries. From the beginning of 2005 onwards, he held the position of Chief Executive Officer (CEO) and Chief Financial Officer (CFO) at Volkswagen of America Inc. and Volkswagen Canada Inc. He was the Group's Executive Manager and Chief Representative for the region of North America from July 2006 to September 2007. From October 2007 to mid-September 2008, Frank Witter served as President and Chief Financial Officer (CFO) of VW Credit Inc. and was Regional Manager for the American markets of Volkswagen Financial Services AG.

With effect from 15th September 2008, Frank Witter has been appointed Chairman of the Board of Management of Volkswagen Financial Services AG.

About Volkswagen Financial Services AG

Volkswagen Financial Services AG is a 100%-owned subsidiary of Volkswagen AG and has its headquarters in Braunschweig, Germany.

We are responsible for coordinating the worldwide financial services activities of the Volkswagen Group. In Europe, Asia-Pacific, North America and South America we manage the financial services operations directly via subsidiaries.

With our comprehensive range of financial services products we make a significant contribution to the promotion and securing of Volkswagen Group sales and strengthen the link between our customers and the Group brands. Metaphorically speaking our innovative financial services open our customers the door to their dream car - Volkswagen Financial Services: The key to mobility.

Volkswagen Financial Services AG is the largest automobile financial services provider in Europe. Total Assets on 31 Dec, 2011 reached more than 76.9 billion euros. Presently Volkswagen Financial Services AG has about 7,350 employees worldwide, about 4,600 of which work in Germany.