Volkswagen AG - Interim Stabilisation Notice

To the market

12 July 2019

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

TRATON SE

Goldman Sachs International (contact: John Bentinck; telephone: 44207-7743408) hereby gives notice that stabilisation was undertaken in relation to the offer of TRATON SE as set out below.

For each of the dates during which stabilisation transactions were carried out, the price range was as follows:

This announcement is for information purposes only and does not constitute an offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of any securities or investment advice in any jurisdiction in which such an offer or solicitation is unlawful, including without limitation, the United States, Australia, Canada or Japan. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.