Debt Issuance Programs

Euro 10.0 bln Multi-Currency Commercial Paper Programme

Issuers:

Program amount:

Euro 10.0 billion

Arranger:   

Citibank International plc

Dealer:

Barclays Capital
BNP PARIBAS
Citibank International plc
ING Wholesale Banking
Morgan Stanley
The Royal Bank of Scotland
Dresdner Bank
SEB Merchant Banking
Handelsbanken Capital Markets
Bayerische Landesbank
Danske Bank
Nordea
Deutsche Bank
Swedbank

exclusively private placements

Paying agent:

Citibank N.A.

Euro 2.5 bln Multi-Currency Commercial Paper Programme

Issuers:

Volkswagen Bank GmbH

Program amount:

Euro 2.5 billion

Arranger:

Citibank International plc

Dealer:

Barclays Capital
Bayerische Landesbank
BNP PARIBAS
Citibank International plc
Danske Bank
Dresdner Kleinwort Wasserstein
Handelsbanken Capital Markets
ING Wholesale Banking
Morgan Stanley
SEB Merchant Banking
The Royal Bank of Scotland

exclusively private placements

Paying agent:

Citibank, N.A.

JPY 60.0 bln Electronic Commercial Paper Programme

Issuers:

Volkswagen Finance Services Japan Ltd.
(guaranteed by Volkswagen Financial Services AG)

Program amount:

JPY 60.0 billion

Arranger:

The Bank of Tokyo-Mitsubishi, Ltd

Dealer:

The Bank of Tokyo-Mitsubishi, Ltd.
Sumitomo Mitsui Banking Corporation
Mizuho Corporate Bank, Ltd.

exclusively private placements

Paying agent:

The Bank of Tokyo-Mitsubishi, Ltd.

MXN 5.5 bln Debt Issuance Programme

Issuers:

Volkswagen de Mexico, S.A. de C.V.
(guaranteed by VOLKSWAGEN AG)

Program amount:

MXN 5.5 billion

Arranger:

BBVA Bancomer Casa de Bolsa, S.A. de C.V.

Dealer:

BBVA Bancomer Casa de Bolsa, S.A. de C.V.
Händler: BBVA Bancomer Casa de Bolsa, S.A. de C.V.
ING (Mecixo) S.A. de C.V. Casa de Bolsa
Casa de Bolsa Santander Serfin, S.A. de C.V.
Deutsche Securities S.A. de C.V., Casa de Bolsa
Acciones y Valores de Mexico S.A. de C.V.,  Casa de Bolsa, Grupo Financiero Banamex

Issues:

public, syndcated and private placements

Paying agent:

BBVA Bancomer Casa de Bolsa, S.A. de C.V.

PLN 3.0 bln Debt Issuance Programme

Issuers:

Volkswagen Bank Polska S.A.
(guaranteed by Volkswagen Financial Services AG)
Volkswagen Leasing Polska Sp. z.o.o.
(guaranteed by Volkswagen Financial Services AG)

Program amount:

PLN 3.0 billion

Arranger:

ING Bank Slaski S.A.

Dealer:

BRE Bank SA
Bank Handlowy w Warszawie SA
ING Bank Slaski S.A.
ANB Amro Bank (Polska) S.A.
Socíéte Générale S.A. Oddzial w Polsce
Bank PEKAO S.A.

Paying agent:

ING Bank Slaski S.A.

SGD 500 Mio. Debt Issuance Programme

Issuers:

Volkswagen Financial Services Singapore LTD.
(guaranteed by Volkswagen Financial Services AG)

Program amount:

SGD 500 million

Arranger:

Citicorp Investment Bank (Singapore) Limited
The Hongkong and Shanghai Banking Corporation Limited

Dealer:

ABN Amro Bank N.V., Singapore Branch
Barcleys Bank PLC, Singapore Branch
Citicorp Investment Bank (Singapore) Limited
Norddeutsche Landesbank Girozentrale, Singapore Branch
The Hongkong and Shanghai Banking Corporation Limited
WestLB AG, Singapore Branch

Issues:

public, syndcated and private placements

Paying agent:

The Hongkong and Shanghai Banking Corporation Limited

AUD 1.0 bln Debt Issuance Programme

Issuers:

Volkswagen Financial Services Australia Limited
(guaranteed through Volkswagen Financial Services AG)

Program amount:

AUD 1.0 billion

Arranger:

Dealer:

ABN AMRO Bank N.V., Australian Branch
Australia and New Zealand Banking Group Limited
Citigroup Global Markets Australia Pty Limited
Commonwealth Bank of Australia
Société Générale Australia Branch

Issues:

public, syndcated and private placements

Paying agent:

Austraclear

Euro 20.0 bln Debt Issuance Programme

Issuers:

VOLKSWAGEN AKTIENGESELLSCHAFT
Volkswagen International Finance N.V.
(guaranteed by VOLKSWAGEN AG)
Volkswagen Group Services S.A.
(guaranteed by VOLKSWAGEN AG)
VW Credit, Inc.
(guaranteed by VOLKSWAGEN AG)
VW Credit Canada, Inc.
(guaranteed by VOLKSWAGEN AG)

Program amount:

Euro 20.0 billion

Arranger:

Deutsche Bank

Dealer:

Barclays Capital
BNP PARIBAS
Calyon Corporate and Investment Banking
Citigroup
Commerzbank Corporates and Markets
Deutsche Bank
HSBC
JP Morgan
Morgan Stanley
SEB Merchant Banking
Société Generale Investment Banking
Royal Bank of Scotland

Issues:

public, syndcated and private placements

Paying agent:

Citibank, N.A.

Euro 18.0 bln Debt Issuance Programme

Issuers:

Volkswagen Financial Services Aktiengesellschaft
Volkswagen Leasing GmbH (guaranteed by Volkswagen Financial Services AG)
Volkswagen Financial Services N.V. (guaranteed by Volkswagen Financial Services AG)
Volkswagen Financial Services Japan Ltd. (guaranteed by Volkswagen Financial Services AG)

Program amount:

Euro 18.0 billion

Arranger:

Commerzbank Securities

Dealer:

Barclays Capital
Bayerische Landesbank
BNP PARIBAS
Citigroup
Commerzbank Securities
Deutsche Bank
DZ Bank
Unicredit
JP Morgan
Morgan Stanley
Royal Bank of Scotland
SG Investment Banking

Issues:

public, syndicated and private placements

Paying agent:

Citibank, N.A.

Euro 10.0 bln Debt Issuance Programme

Issuers:

Volkswagen Bank GmbH

Program amount:

Euro 10.0 billion

Arranger:

Commerzbank Securities

Dealer:

Barclays Capital
Bayerische Landesbank
BNP PARIBAS
Citigroup
Commerzbank Securities
Deutsche Bank
DZ Bank
Unicredit
JP Morgan
Morgan Stanley
Royal Bank of Scotland
SG Investment Banking

Issues:

public, syndicated and private placements

Paying agent:

Citibank, N.A.

Euro 5.0 Bln Billets de Trésrerie Programme (Commercial Paper Programme under French law)

Issuers:

VOLKSWAGEN GROUP SERVICES SA
Louizalaan 480 / 7
B - 1050 Brüssel

 Program amount:

Euro 5 billion

Dealer:

Banque Fédérative du Crédit Mutuel
BNP Paribas
BRED Banque Populaire
CAYLON CIB
CIC
HSBC France
ING Financial Markets
NATIXIS
SOCIETE GENERALE

Issues:

exclusively private placements

Ratings:

S&P: A2
Moody's P2