48. German Corporate Governance Code

The Board of Management and Supervisory Board of Volkswagen AG issued the declaration of conformity with the German Corporate Governance Code in accordance with section 161 of the AktG on November 17, 2023. It has been made permanently available to the shareholders of Volkswagen AG on the Company’s website at www.volkswagen-group.com/declaration.

In December 2023, the Executive Board and Supervisory Board of TRATON SE also issued their declaration of conformity with the German Corporate Governance Code and made it permanently available to the shareholders at https://ir.traton.com/websites/traton/English/5000/corporate-governance.html.

The Board of Management and Supervisory Board of Dr. Ing. h.c. F. Porsche AG also issued their declaration of conformity with the German Corporate Governance Code in December 2023. It has been made permanently available to shareholders on the company’s website at https://investorrelations.porsche.com/en/corporate-governance/.