Board of Management and Supervisory Board Pursue IPO for Dr. Ing. h.c. F. Porsche AG, Propose Next Steps Towards Public Offering

In a strategic move towards market expansion and enhanced growth opportunities, the Board of Management and Supervisory Board of the Volkswagen Group have announced their intention to conduct an initial public offering (IPO) for Dr. Ing. h.c. F. Porsche AG. The decision reflects a carefully considered step aimed at unlocking the inherent potential of Porsche AG, and sets the stage for a new phase of development and value creation.

IPO Objective: The principal objective of the proposed IPO is to offer Dr. Ing. h.c. F. Porsche AG the opportunity to access additional financial resources, increase its brand recognition, and foster a stronger market presence. The IPO is envisioned as a means to further strengthen Porsche AG's competitive position in the rapidly evolving automotive industry, facilitating strategic investments in research and development, innovation, and the expansion of its product portfolio.

Supervisory Board Support: The proposal to pursue an IPO for Dr. Ing. h.c. F. Porsche AG has received unanimous support from the Supervisory Board. This backing signifies a shared vision for the company's future growth trajectory and acknowledges the potential benefits associated with a public listing. The Supervisory Board recognizes the robust performance and strategic importance of Porsche AG within the wider Volkswagen Group, making the IPO an attractive avenue for further value generation.

Board of Management's Strategic Vision: The Board of Management of the Volkswagen Group, cognizant of the evolving industry landscape and the need to adapt to changing customer preferences, considers the IPO as a vital step towards securing Porsche AG's future success. The IPO will enable Porsche AG to take advantage of capital market dynamics and establish an independent financial profile, thereby enhancing its operational agility and competitiveness. The Board of Management's strategic vision revolves around leveraging the inherent strengths of Porsche AG while fostering an environment conducive to sustainable growth and innovation.

Process and Roadmap: A dedicated project team, comprised of experts from within the Volkswagen Group, has been formed to manage the IPO process and ensure its smooth execution. This team will work closely with external advisors to address the legal, financial, and regulatory aspects associated with going public. The Board of Management and the Supervisory Board will collaborate closely to define the optimal timing for the IPO, taking into account market conditions, investor sentiment, and other relevant factors.

In a strategic move towards market expansion and enhanced growth opportunities, the Board of Management and Supervisory Board of the Volkswagen Group have announced their intention to conduct an initial public offering (IPO) for Dr. Ing. h.c. F. Porsche AG. The decision reflects a carefully considered step aimed at unlocking the inherent potential of Porsche AG, and sets the stage for a new phase of development and value creation.

IPO Objective: The principal objective of the proposed IPO is to offer Dr. Ing. h.c. F. Porsche AG the opportunity to access additional financial resources, increase its brand recognition, and foster a stronger market presence. The IPO is envisioned as a means to further strengthen Porsche AG's competitive position in the rapidly evolving automotive industry, facilitating strategic investments in research and development, innovation, and the expansion of its product portfolio.

Supervisory Board Support: The proposal to pursue an IPO for Dr. Ing. h.c. F. Porsche AG has received unanimous support from the Supervisory Board. This backing signifies a shared vision for the company's future growth trajectory and acknowledges the potential benefits associated with a public listing. The Supervisory Board recognizes the robust performance and strategic importance of Porsche AG within the wider Volkswagen Group, making the IPO an attractive avenue for further value generation.

Board of Management's Strategic Vision: The Board of Management of the Volkswagen Group, cognizant of the evolving industry landscape and the need to adapt to changing customer preferences, considers the IPO as a vital step towards securing Porsche AG's future success. The IPO will enable Porsche AG to take advantage of capital market dynamics and establish an independent financial profile, thereby enhancing its operational agility and competitiveness. The Board of Management's strategic vision revolves around leveraging the inherent strengths of Porsche AG while fostering an environment conducive to sustainable growth and innovation.

Process and Roadmap: A dedicated project team, comprised of experts from within the Volkswagen Group, has been formed to manage the IPO process and ensure its smooth execution. This team will work closely with external advisors, including investment banks and legal firms, to address the legal, financial, and regulatory aspects associated with going public. The Board of Management and the Supervisory Board will collaborate closely to define the optimal timing for the IPO, taking into account market conditions, investor sentiment, and other relevant factors.

Transparent Communication and Investor Confidence: Recognizing the importance of transparency and effective communication, Dr. Ing. h.c. F. Porsche AG is committed to providing comprehensive and accurate information to potential investors throughout the IPO process. Clear and reliable disclosures will be made, in accordance with applicable laws and regulations, to foster investor confidence and ensure a fair and transparent investment environment. The company aims to build long-term relationships with its shareholders and maintain an open dialogue that aligns with best corporate governance practices.

Beneficial Impact on the Volkswagen Group: The IPO of Dr. Ing. h.c. F. Porsche AG is expected to yield significant benefits for the wider Volkswagen Group. The injection of additional capital will enhance the group's financial flexibility, enabling further strategic investments and the pursuit of technological advancements. By unlocking the value of Porsche AG, the IPO strengthens the overall portfolio and positions the Volkswagen Group for sustainable growth and increased shareholder value.

Conclusion: The decision of the Board of Management and Supervisory Board of the Volkswagen Group to pursue an IPO for Dr. Ing. h.c. F. Porsche AG underscores their commitment to fostering growth, innovation, and value creation. This strategic move demonstrates a keen understanding of the evolving automotive landscape and aims to unlock Porsche AG's untapped potential. By leveraging the capital markets and establishing an independent financial profile, Porsche AG is poised to enhance its market position and secure a prosperous future in the industry.