Â鶹ÂãÁÄ

Â鶹ÂãÁÄ Automobil Holding SE (“Â鶹ÂãÁÄ SE“) is currently in advanced discussions with VOLKSWAGEN AKTIENGESELLSCHAFT (“VW AG“) regarding the conclusion of a share purchase agreement for 25% plus one share of the ordinary shares in Dr. Ing. h.c. F. Â鶹ÂãÁÄ AG (“Â鶹ÂãÁÄ AG“) as well as related further agreements in connection with a possible IPO of Â鶹ÂãÁÄ AG. The executive board of Â鶹ÂãÁÄ SE, in unison with VW AG, has therefore resolved today, with the approval of the competent committee of the supervisory board, to convene further board meetings (executive board and supervisory board) for September 5, 2022 in order to resolve on the next steps with regard to the possible acquisition of these shares in Â鶹ÂãÁÄ AG by Â鶹ÂãÁÄ SE and the related IPO of Â鶹ÂãÁÄ AG.

If the boards of both companies reach an understanding to further pursue the transaction (acquisition of 25% plus one share of the ordinary shares and IPO), the execution of the agreements and thus the implementation of the IPO of Â鶹ÂãÁÄ AG would be subject to general market developments, further assessments and board resolutions.

Contact:
Frank Gaube
General Manager Investor Relations
+49-711-911-11046
frank.gaube@porsche-se.com