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Supervisory Board Remuneration

Under Article 17 of Volkswagen AG’s Articles of Association, the remuneration of Volkswagen AG’s Supervisory Board is composed of a fixed component (plus attendance fees) and a variable component that depends on the amount of the dividend paid. The duties performed by the respective member on the Supervisory Board are also taken into account. Several members of the Supervisory Board are also members of the supervisory boards of subsidiaries. The remuneration received there is based on the provisions of the relevant Articles of Association and also comprises a fixed component and a variable component that is linked to the amount of the dividend paid. This remuneration is contained in the following figures. In fiscal year 2016, the members of the Supervisory Board received €5,396,565 (€696,953). Of this figure, €709,346 (660,976) related to the fixed remuneration components (including attendance fees) and €4,687,220 (35,977) to the variable remuneration components.

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REMUNERATION OF THE MEMBERS OF THE SUPERVISORY BOARD1

 

  

FIXED

  

VARIABLE

  

TOTAL

  

TOTAL

1

All figures shown are rounded, so minor discrepancies may arise from addition of these amounts.

2

These employee representatives have stated that they will transfer their Supervisory Board remuneration to the Hans Böckler Foundation in accordance with the guidelines issued by the German Confederation of Trade Unions (DGB).

3

Under section 5(3) of the Niedersächsisches Ministergesetz (Act Governing Ministers of the State of Lower Saxony), these members of the Supervisory Board are obliged to transfer their Supervisory Board remuneration to the State of Lower Saxony as soon as and to the extent that it exceeds €6,200 per annum. Remuneration is defined for this purpose as Supervisory Board remuneration and attendance fees exceeding the amount of €200.

€

  

 

  

 

  

2016

  

2015

 

  

 

  

 

  

 

  

 

Hans Dieter Pötsch

  

74,500

  

511,300

  

585,800

  

13,400

Jörg Hofmann2

  

22,000

  

308,333

  

330,333

  

3,367

Hussain Ali Al-Abdulla

  

16,000

  

154,167

  

170,167

  

11,000

Akbar Al Baker (until June 22, 2016)

  

6,858

  

73,443

  

80,302

  

5,925

Hessa Sultan Al-Jaber (since June 22, 2016)

  

9,142

  

80,723

  

89,865

  

–

Birgit Dietze (since June 1, 2016)

  

13,067

  

130,185

  

143,252

  

–

Annika Falkengren

  

18,000

  

231,250

  

249,250

  

17,000

Hans-Peter Fischer2

  

17,000

  

154,167

  

171,167

  

14,000

Uwe Fritsch2

  

18,642

  

196,348

  

214,990

  

14,000

Babette Fröhlich2 (until June 1, 2016)

  

6,763

  

96,675

  

103,438

  

17,000

Uwe Hück2

  

80,500

  

154,167

  

234,667

  

44,750

Johan Järvklo2

  

16,000

  

154,167

  

170,167

  

1,650

Louise Kiesling

  

17,000

  

154,167

  

171,167

  

11,017

Olaf Lies3

  

19,000

  

231,250

  

250,250

  

14,700

Peter Mosch2

  

34,000

  

267,850

  

301,850

  

33,000

Bernd Osterloh2

  

20,000

  

231,250

  

251,250

  

17,000

Hans Michel Piëch

  

80,375

  

186,361

  

266,736

  

80,500

Ferdinand Oliver Porsche

  

73,000

  

344,933

  

417,933

  

65,500

Wolfgang Porsche

  

108,500

  

332,733

  

441,233

  

109,200

Stephan Weil3

  

19,000

  

231,250

  

250,250

  

17,000

Stephan Wolf2

  

20,000

  

231,250

  

251,250

  

17,000

Thomas Zwiebler2

  

20,000

  

231,250

  

251,250

  

14,342

Members of the Supervisory Board who left in the previous year

  

–

  

–

  

–

  

175,603

Total

  

709,346

  

4,687,220

  

5,396,565

  

696,953

The members of the Supervisory Board have declared to the Management Board that they waive their claims for all remuneration payments for fiscal year 2016. Such waiver shall apply to the extent that these claims exceed the amount that would be due if the stipulations to be resolved by the General Meeting on May 10, 2017 regarding the remuneration for the Supervisory Board for the current and future fiscal years were applied to fiscal year 2016.