Porsche Automobil : Financial Statements Fiscal Year 2020

March 23, 2021 at 05:31 am EDT

2020

Financial statements

2020

Note on the combined management report

The management report of Porsche Automobil Holding SE and the group management report are combined and published in the

Porsche Automobil Holding SE Annual Report 2020.

The separate financial statements and the management report, which is combined with the group management report, of

Porsche Automobil Holding SE for the fiscal year 2020 are submitted to the operator of the elektronischer Bundesanzeiger (Electronic

German Federal Gazette) and are available on the website of the

Company Register.

In addition to this, the separate financial statements and the annual report including the combined management report

of Porsche Automobil Holding SE are available on the homepage of Porsche Automobil Holding SE atwww.porsche-se.com/en/investor-relations/financial-publications.

Financial statements

Content

2 2


€ thousand	Note	31/12/2020	31/12/2019
€ thousand	Note	31/12/2020	31/12/2019
Assets
FAisxseedtsassets	[1]
IFnixtaendgaibslseeat ssets	[1]	294	392
PInrtoapnegritbyl,epalsasnettasnd equipment	120954	13492
FPirnoapnecritayl, apslasnetsand equipment	22,944,15056	22,960,166429
Financial assets	22,944,95056	22,9610,260649
Current assets	22,944,905	22,961,204
RCeucrreinvat balsesseftrsom affiliated companies	95	1,237
Rectehievraebolfestrafrdoemreacffeiliivaatebdlescompanies	95	1,29317
Othtehrearesosef tsrade receivables	[2]	89695	48,69361
MOtahrekreatasbslet securities	[32]	95,804639	48,6306
CMasrkheatanbdlecassehcuerqituieivsalents	[3]	41925,100413	395,7470
Cash and cash equivalents	540182,1081	43495,672407
508,108	445,620
Prepaid expenses	[4]	269	536
Prepaid expenses	[4]	23,453,28691	23,407,536360
23,453,281	23,407,360
Equity and liabilities
Equiitty and liabilities
SEquubistcyribed capital	[5]	306,250	306,250
CSuabpsitcarlibreesdercvaepsital	[65]	4,390769,245170	4,390769,245170
CReatpaitinael dreesaervneinsgs	[67]	147,92769,345176	146,9739,348179
RNetapinroefditeaavraniilnagbsle for distribution	[7]	17,62756,839546	16,95713,53189
Net profit available for distribution	[7]	23,627357,899147	23,925110,51795
Provisions	[8]	23,237,917	23,210,575
Provisions for pensions and similar obligations	[8]	34,586	30,276
PInrcoovmiseiontasxfopropveisnisoinosns and similar obligations	34,458160	310,32746
IOntchoemr eprtoavxispioronvsisions	57,421608	61,384164
Other provisions	5972,2683	6913,841346
Liabilities	[9]	92,263	93,436
LTirabdielitliieasbilities due within one year	[9]	2,737	1,461
TLirabdielitliieasbitloitiaefsfildiautedwictohimnpoanneieyseadrue within one year	1129,782379	101,42613
Liabthilietiresoftotradffeilialitaebdilictioems panies due within one year	119,832892	101,42339
Othtehrelrieaobfilitriaedseduliaebwilitiheisn one year	358325	43696
Other liabilities due within one year	123,510351	103,434669
123,101	103,349
23,453,281	23,407,360
23,453,281	23,407,360

Balance sheet of Porsche Automobil Holding SE as of 31 December 2020

3 3

Financial statements Balance sheet/ Income statement

Income statement of Porsche Automobil Holding SE fInocr othmeepsetraiotedmfreonmt o1f JPaonrsucahrye tAou3to1mDoebciel mHobledrin2g02S0E for the period from 1 January to 31 December 2020

€ thousand € thousand

Note Note

RevenueROethvernoupeerating income

[10] [101] [11]

2020 2020 214

2019 2019 616

Othtehreorepoefrafrtoinmg cinucroremnecy translation Pertshoenrneeolfefrxopmencsuersrency translation

3,729164 3,71996

2,46106 2,4190

APmerosortniznaetlioenxpaenndsdeespreciation OAmthoertiozpaetiroantinangdexdpeepnresceisation

[12] [12]

- 14,62159 - 14-,612659

- 15,9069 - 15-,91066

Othtehreorepoefrafrtoinmg ceuxprrensceystranslation Incothmeereforof mfroimnvecsutrmreennctys translation

[13] [13]

- 33-,11689 - 33,1-189

- 39-,015696 - 39,-05191

Inmcpoamiremfernotmoninvmeasrtkmeetanbtsle securities Inmtperaeirsmt reenstuoltn marketable securities Incteormeset traexsult

[14] [14]

748,0-194 748,-01304

753,-88117 753-,818757

[15]

[165] [16]

- 1,-53503 - 1,35153

10-,12751 3110,628791

RInecsoumlteatfatxer tax Result after tax

313 702,842

Other tax

[17] [17]

31,689 743,569

743,569

NOethteprrtoafxit Net profit

Withdrawals from retained earnings TWraitnhsdfrearwsatols rferotaminreedtaeinarendinegasrnings

703,236 0

44,539 44,539 788,108

788,108

- 27,3402 - 27,342 675,894

163,411 163,4110

NTreatnpsfreorfsittoavraeitlaaibneledfeoarrdniinsgtrsibution Net profit available for distribution

[7] [7]

0 951,519

951,519

Notes to the financial statements of Porsche Automobil Holding SE for the fiscal year 2020

Notes to the financial statements

Basis of preparation

Porsche Automobil Holding SE, Stuttgart ("Porsche SE" or the "company"), is headquartered at Porscheplatz 1 in 70435 Stuttgart, Germany. The company is registered at the Stuttgart Local Court under HRB 724512.

The separate financial statements of Porsche SE have been prepared in accordance with the German Commercial Code (HGB) and the special accounting provisions of the German Stock Corporation Act (AktG).

In order to improve the clarity of the financial statements, individual balance sheet items and income statement items have been combined and presented separately in the notes to the financial statements. The income statement has been prepared using the nature of expense method. Unless otherwise stated, all figures in the financial statements have been rounded to thousands of euro (€ thousand) according to customary business practice. Minor discrepancies may therefore arise from the addition of these amounts. The comparative prior-year figures are presented in parentheses alongside the figures for the current reporting period.

Accounting policies

Intangible assets and property, plant and equipment are stated at cost less amortization and depreciation over the useful life of the assets and less impairments.

Shares in affiliated companies and securities classified as fixed assets are stated at the lower of cost or market. Affiliated companies are those entities that Porsche SE would have to include as subsidiaries in consolidated financial statements prepared in accordance with the accounting policies of HGB. From the perspective of Porsche SE these include above all Volkswagen Aktiengesellschaft, Wolfsburg ("Volkswagen AG" or "VW"), and its subsidiaries due to the majority of voting rights held.

Receivables and other assets are valued at the lower of cost or market. Specific bad debt allowances provide for any foreseeable risks.

Cash and cash equivalents are recognized at their nominal value. Bank balances in foreign currency are recognized at the average spot rate as of the reporting date.

To determine deferred tax arising due to temporary or quasi-permanent differences between the carrying amounts of assets, liabilities, prepaid expenses and deferred income in the statutory accounts and their tax carrying amounts, or deferred taxes due to tax loss carryforwards, the resulting tax burden and relief are valued using the company-specific tax rates at the time the differences reverse; these amounts are not discounted. The amount was calculated using a tax rate of 30.5% (30.5%). Deferred tax assets mainlyresult from differences between tax adjustment items for income equivalent to distributions from shares in investment funds, provisions for pensions, other provisions for personnel obligations and other provisions.

There are corporate income tax and trade tax loss carryforwards which are not expected to give rise to tax relief for at least three years. Exercising the option from Sec. 274 (1) HGB, net deferred tax assets were not capitalized.

Provisions for pensions and similar obligations are recognized using the projected unit credit method in accordance with actuarial principles on the basis of the current 2018 G mortality tables from Prof. Dr. Klaus

Heubeck and an interest rate of 2.30% (2.71%), a rate of increase in wages and salaries of 3.0% (3.0%),

pension increases of 1.7% (1.7%) and a fluctuation rate of 3.0% (3.0%). In addition to this, career developments were taken into account at 0.5% (0.5%) for the workforce in general (0.0% (0.0%) for employees on the first management level and members of the board of management).

Other provisions are recognized at the settlement value deemed necessary based on prudent business judgment and, if they have a remaining term of more than one year, are discounted. Litigation costs relating to legal proceedings where the group is the defendant are provided for at the amount of the expected legal fees. Any obligations to pay damages or penalties are taken into account only if their occurrence is considered to be probable.

Liabilities are recorded at the settlement value.

Foreign currency receivables and liabilities with a remaining term of up to one year are recognized at the average spot rate as of the reporting date.

The amounts presented under contingent liabilities reflect the contractual scope of liability.

6 6

€ thousand € thousand

Intangible assets Intangible assets

[1] [1]Fixed assets Fixed assets

Cost Cost

1/1/2020 1/1/2020

Additions AdditionsDisposals DisposalsReclassifications Reclassifications

PPuurrcchhaasseedd ccoonncceessssiioonnss,, iinndduussttrriiaall pprrooppeerrttyy rriigghhttss aanndd

similar rights and values and licenses in such rights and values similar rights and values and licenses in such rights and values

Total intangible assets

PPrrooppeerrttyy,, ppllaanntt aanndd eeqquuiippmmeenntt

Other equipment, furniture and fixtures Other equipment, furniture and fixtures

Total property, plant and equipment Total property, plant and equipmentFinancial assets Financial assets

Shares in affiliated companies Shares in affiliated companies

Securities held as fixed assets Securities held as fixed assets

Total financial assets

Total fixed assets Total fixed assets

541 541

12 12

0 0

541 541

12 12

0 0

456 456

21 21

0 0

456 456

21 21

0 0

22,809,641 22,809,641 151,028 151,028 22,960,669 22,960,669 22,961,667 22,961,667

83,129 83,129 0 0 83,129 83,129 83,162 83,162

0 0 99,292 99,292 99,292 99,292 99,314 99,314

0 0 0 0 0 0 0 0

Amortization and depreciation

Carrying amounts

31/12/2020	accumulated	Additions	Disposals	accumulated	31/12/2020	31/12/2019
1/1/2020	31/12/2020
554	149	111	0	260	294	392
554	149	111	0	260	294	392
455	314	58	21	350	105	142
455	314	58	21	350	105	142
22,892,770	0	0	0	0	22,892,770	22,809,641
51,736	0	0	0	0	51,736	151,028
22,944,506	0	0	0	0	22,944,506	22,960,669
22,945,515	463	169	21	610	22,944,905	22,961,204

The full list of Porsche SE's shareholdings is presented in note [24].

In the period from 17 March 2020 to 20 April 2020, Porsche SE acquired 0.2% of the ordinary shares in Volkswagen AG for €80,929 thousand via the capital market. This increased Porsche SE's shareholding in the ordinary share capital of Volkswagen AG to 53.3% (53.1%). The share held in the subscribed capital of Volkswagen AG increased by 0.1% to 31.4% (31.3%).

As of 31 December 2020, the investment in Volkswagen AG had a market value of €26,788,661 thousand (€27,169,432 thousand). The carrying amount of the investment stands at €22,511,909 thousand (€22,430,980 thousand).

Securities classified as fixed assets of €51,736 thousand (€151,028 thousand) pertain to an alternative investment fund established on 1 April 2015 within the scope of liquidity management. The investment objective of the fund is an appropriate return on investment with a corresponding spread of risk across the securities categories of bonds, investment fund shares, derivative financial instruments and other assets.

The fund shares can be redeemed daily. The market values are determined on the basis of market prices or prices reported by price agencies. The market value of the entire fund was €51,080 thousand (€152,103 thousand) on 31 December 2020.

[2]Other assets

Other assets mainly contain security deposits pledged for court costs, prepayments made as well as income tax receivables for prior years, all with a residual term of up to one year.

[3]Marketable securities

Marketable securities relate to other securities and consist of secured fixed-income money market securities with a remaining term of less than three months.

[4]Prepaid expenses

This item mainly contains prepayments for insurance premiums.

[5]Subscribed capital

Unchanged from the figure at the end of the prior year, Porsche SE's subscribed capital totals €306,250 thousand and continues to be divided into 153,125,000 ordinary shares and 153,125,000 non-voting preference shares which have been fully paid in. Each share represents a €1 notional amount of the subscribed capital. The preference shares carry an additional dividend of 0.6 cents per share in the event of there being net profit available for distribution and a corresponding resolution on a distribution.

[6]Capital reserves

The capital reserves only contain additions from premiums.

[7]Retained earnings, net profit available for distribution

Retained earnings relate exclusively to other revenue reserves.

The separate financial statements of Porsche SE as of 31 December 2020 report a net profit available for distribution of €675,894 thousand consisting of a net profit of €703,236 thousand and a transfer to retained earnings of €27,342 thousand. The board of management proposes a resolution for the distribution of a dividend of €2.204 per ordinary share and €2.210 per preference share, i.e., a total distribution of €675,894 thousand. For the fiscal year 2019, the dividend was also €2.204 per ordinary share and €2.210 per preference share.

Of the net profit available for distribution in the prior year amounting to €951,519 thousand, an amount of €675,894 thousand was distributed to the holders of ordinary and preference shares in Porsche SE based on the resolution adopted by the annual general meeting on 2 October 2020. The remaining €275,625 thousand was transferred to retained earnings.

The valuation of pension obligations using an average market interest rate from the past ten fiscal years results in a restricted amount for distribution pursuant to Sec. 253 (6) HGB of €4,869 thousand (€4,389 thousand). This is counterbalanced by freely available retained earnings of €17,276,356 thousand (€16,973,389 thousand). There is thus no restriction on the net profit available for distribution of €675,894 thousand.

[8]Provisions

The provisions for pensions and similar obligations relate to retirement benefits for employees of

Porsche SE. The pension obligations are covered in full by provisions. Provisions for pension obligations with a term of more than one year were discounted using the average market interest rate corresponding to a residual term of 15 years, derived from the past ten reporting periods. There is a difference of

€4,869 thousand (€4,389 thousand) between the amount recognized for provisions based on the average market interest rate for the past ten reporting periods and the amount recognized for provisions based on the average market interest rate from the past seven reporting periods; this amount is subject to a restriction on distribution.

A tax field audit is currently being performed for the assessment periods 2009 to 2013. Provisions for taxes and interest due to the tax authorities were recognized in the fiscal year 2020 based on the information available when these financial statements were issued for publication. New findings of the tax field audit for the assessment periods 2009 to 2013 could result in an increase or decrease in these provisions and interest or any refunds already received could be partially paid back.

During the assessment periods 2006 to 2009, Porsche SE was initially the legal successor of Dr. Ing. h.c. F.

Porsche AG, Stuttgart ("Porsche AG") and later the ultimate tax parent and thus liable for tax payments. In the course of the contribution of the business operations in the fiscal year 2012, the tax obligations of

Porsche SE and its subsidiaries for the period to until 31 July 2009 were not transferred to Volkswagen AG.

Any offsetting tax relief at a later stage at the level of Porsche Holding Stuttgart GmbH, Stuttgart, Porsche AG or the subsidiaries concerned in the Porsche AG Group cannot be recognized at the level of Porsche

SE. These incur instead at the level of the Volkswagen Group. In connection with the business contribution,

Volkswagen AG agreed in principle to refund to Porsche SE tax benefits - for example in the form of a refund, tax reduction or tax saving, a reversal of tax liabilities or provisions or an increase in tax losses - of

Porsche Holding Stuttgart GmbH, Porsche AG and its legal predecessors and subsidiaries which pertain to assessment periods up until 31 July 2009. In return, under certain circumstances Porsche SE holds Porsche Holding Stuttgart GmbH, Porsche AG and their legal predecessors harmless from tax disadvantages that exceed the obligations from periods up until and including 31 July 2009 recognized at the level of these entities. If the total tax benefits exceed the total tax disadvantages, Porsche SE has a claim against Volkswagen AG to payment of the amount by which the tax benefits exceed the taxdisadvantages. The amount of tax benefits and tax disadvantages to be taken into account is regulated in the contribution agreement. The risks arising at the level of Porsche SE, for which provisions were recognized in prior years and payments were made, will in some cases lead to tax benefits in the

Volkswagen Group that are expected to partly compensate the tax risks of Porsche SE. However, the provisions in the contribution agreement do not cover all matters and thus not all tax risks of Porsche SE from the tax field audits for the assessment periods 2006 to 2009. It will therefore not be possible to reliably determine any potential reimbursement claim until the tax field audit has been completed for the assessment period 2009, and accordingly no claims were recognized as assets in the financial statements.

Other provisions largely relate to litigation costs, personnel and welfare obligations as well as costs for the annual general meeting and the separate financial statements. Other provisions also contain amounts due to affiliated companies as a result of the assumption of obligations related to tax issues. Adequate provision was made for all recognizable risks.

[9]Liabilities

Liabilities to affiliates contain current liabilities from loan relationships of €108,508 thousand.

Other liabilities mainly comprise liabilities from unredeemed dividend coupons as well as liabilities from other taxes of €213 thousand (€190 thousand).

Porsche SE has at its disposal a credit facility with a volume of €1,000,000 thousand and a term until July

2025. If the credit facility is drawn, Volkswagen AG ordinary shares worth 150% of the amount drawn must be provided as collateral. No financial covenants have been agreed.

[10]Revenue

The revenue disclosed largely stems from income from the rendering of intragroup services for PTV AG.

[11]Other operating income

€ thousand	2020
Income from the reversal of provisions	3,234	1,615
Income from cost allocations to affiliated companies	281	747
Sundry other operating income	280	49
3,796	2,410

2019

Income from the reversal of provisions relates to other periods and in the reporting period largely results from the reversal of other provisions.

[12]Personnel expenses

€ thousand	2020	2019
Salaries	10,299	9,940
Social security contributions, pension and other benefit costs	4,325	5,966
thereof for pension benefits	3,874	5,507
14,625	15,906
Number	2020	2019
Employees (annual average)
Employees with personnel responsibility	9	9
Employees	23	25
Employees acc. to Sec. 285 No. 7 HGB	32	34
Interns, working students and employees on parental leave	5	5
37	39
17

€ thousand

Income from investments

thereof from affiliated companies

Income from profit and loss transfer agreements

Expenses from profit and loss transfer agreements

Interest and similar expenses contain expenses from unwinding the discount on provisions of €904 thousand (€840 thousand).

[13]Other operating expenses

€ thousand

Legal and consulting fees

Other third-party services

Sundry other operating expenses

2020	2019
20,891	25,865
4,023	6,971
8,204	6,222
33,118	39,059
2020	2019
755,979	752,745
755,979	752,745
0	1,146
- 7,965	-4
748,014	753,887
€ thousand	2020	2019
Interest and similar income	660	16,287
thereof from affiliated companies	12	0
Interest and similar expenses	- 2,213	- 6,016
thereof to affiliated companies	- 10	- 1,232
- 1,553	10,271

[14]

Income from investments

[15]Interest result

[16]Income tax

As in the prior year, this item mainly comprises income from income tax refunds for prior years.

[17]Other taxes

As in the prior year, other taxes mainly include income from the reversal of provisions for other taxes.

[18]Other financial obligations

As of the reporting date, there are other financial obligations resulting from rental, lease, consulting and insurance agreements of €2,223 thousand (€1,565 thousand) to affiliated companies as well as from insurance and other service agreements to third parties of €2,468 thousand (€1,687 thousand).

[19]Contingent liabilities

The following agreements were entered into by Porsche SE, Volkswagen AG and entities of the

Porsche Holding Stuttgart GmbH Group in connection with the contribution and the basic agreement prior to that as well as the associated agreements implementing it, which continued to be valid:

· Under the contribution agreement, Porsche SE in certain circumstances holds Porsche Holding Stuttgart GmbH, Porsche AG and their legal predecessors harmless from tax disadvantages that exceed the obligations from periods up until and including 31 July 2009 recognized at the level of these entities. In turn Volkswagen AG has generally undertaken to transfer any tax advantages of Porsche Holding Stuttgart GmbH, Porsche AG or their legal predecessors and subsidiaries for assessment periods up until and including 31 July 2009 to Porsche SE (reference is made to note [8]).
· Porsche SE under certain circumstances holds its subsidiaries transferred under the contribution agreement, Porsche Holding Stuttgart GmbH and Porsche AG and its subsidiaries, harmless from certain obligations towards Porsche SE pertaining to the period up to and including 31 December 2011 and that go beyond the obligations recognized for these entities for this period.
· In addition, Porsche SE holds Volkswagen AG, Porsche Holding Stuttgart GmbH, Porsche AG and their subsidiaries harmless from half of the amount of the tax (with the exception of income tax) arising at their respective levels in connection with the contribution and that would not have been incurred had the call options been exercised for the shares in Porsche Holding Stuttgart GmbH remaining at Porsche SE prior to the contribution. Accordingly, Volkswagen AG holds Porsche SE harmless for half the amount of such tax incurred there. In addition, Porsche Holding Stuttgart GmbH will be held harmless for half of the amount of the real estate transfer tax and other costs triggered as a result of the merger.

· It was also agreed to allocate based on causation any subsequent VAT receivables and/or VAT liabilities from transactions up to 31 December 2009 between Porsche SE and Porsche AG.
· Various information, conduct and cooperation duties were agreed in the contribution agreement between Porsche SE and the Volkswagen Group.
· Within the scope of the basic agreement on the creation of an integrated automotive group ("basic agreement"), Porsche SE and Volkswagen AG had granted each other put and call options relating to the 50.1% share in Porsche Holding Stuttgart GmbH remaining at Porsche SE prior to the contribution of its holding business operations to Volkswagen AG. Both Volkswagen AG (in the event that it exercises its call options) as well as Porsche SE (in the event that it exercises its put options) had agreed to bear any tax expenses arising from exercising the options and from any downstream measures with respect to the investments in Porsche Holding Stuttgart GmbH (e.g., from back taxes on the 2007 and/or 2009 spin-off). If Volkswagen AG, Porsche Holding Stuttgart GmbH, Porsche AG or their respective subsidiaries had enjoyed tax benefits as a result of subsequent taxation of the 2007 and/or 2009 spin-off, the purchase price payable by Volkswagen AG for the transfer of the remaining 50.1% share in Porsche Holding Stuttgart GmbH would have increased by the present value of the tax benefits if Porsche SE had exercised its put options. This rule was taken over in the course of the contribution agreement to the extent that Porsche SE has a payment claim against Volkswagen AG equivalent to the present value of the recoverable tax benefits as a result of back tax payments on the 2007 spin-off owing to the contribution. In connection with the contribution it was also agreed that Porsche SE would release
Volkswagen AG, Porsche Holding Stuttgart GmbH and its subsidiaries from any tax liability with respect to subsequent taxation in 2012 resulting from from any action or omission by Porsche SE upon or subsequent to the execution of the contribution. Also in that event, Porsche SE has a payment claim against Volkswagen AG in the amount of the present value of the recoverable tax benefits resulting from such a transaction at the level of Volkswagen AG or one of its subsidiaries.
· Volkswagen AG has agreed to hold Porsche SE harmless for internal purposes from any claims of the German Deposit Protection Fund after Porsche SE issued a hold harmless declaration to the deposit guarantee fund agency as required by the Association of German Banks in August 2009. In addition,
Volkswagen AG has undertaken to hold the Deposit Protection Fund harmless from any losses incurred as a result of its actions in favor of a majority-owned bank.

All of the liability risks described above relate in their entirety to affiliated companies.

Liabilities have been recognized for some of the tax matters relating to the basic agreement and the associated implementation agreements.

The remaining risk of claims arising from the potential obligations that go beyond the provisions described in this note is considered low since there is no indication, either based on past experience or as of the reporting date, that claims may be made.

Litigation:

Legal proceedings and legal risks in connection with the expansion of the investment in Volkswagen AG

A model case according to the Capital Markets Model Case Act (KapMuG) against Porsche SE initiated by an order of reference of the Regional Court of Hanover dated 13 April 2016 is pending with the Higher Regional Court of Celle. Subject of those actions are alleged damage claims based on alleged market manipulation and alleged inaccurate information in connection with Porsche SE's expansion of the investment in Volkswagen AG. In part these claims are also based on alleged violations of antitrust regulations. In the six initial proceedings suspended with reference to the model case a total of 40 plaintiffs assert alleged claims for damages of about €5.4 billion (plus interest). Since the beginning of the model case several hearings have already been held before the Higher Regional Court of Celle, in which the court, inter alia, explained its preliminary view on the state of affairs and of the dispute. The next dates for hearings are scheduled to begin on 21 April 2021. Porsche SE is of the opinion that the claims asserted in the suspended initial proceedings are without merit and that the requested establishment objectives in the model case will be rejected. Porsche SE considers its opinion endorsed by the previous development of the oral hearing before the Higher Regional Court of Celle.

In a proceeding pending before the Regional Court of Frankfurt against an incumbent and a former, meanwhile deceased, member of the supervisory board of Porsche SE, Porsche SE joined as intervener in support of the defendants. In this proceeding the same alleged claims are asserted that are already subject of a currently suspended action concerning alleged damages of about €1.81 billion (plus interest) pending against Porsche SE before the Regional Court of Hanover. No new developments occurred in this proceeding during the reporting period. Porsche SE considers these claims to be without merit.

Since 2012, Porsche SE and two companies of an investment fund have been in dispute over the existence of alleged claims in the amount of about US$195 million and have filed lawsuits in Germany and England respectively. On 6 March 2013, the English proceedings were suspended at the request of both parties until a final decision had been reached in the proceedings commenced in the Regional Court of Stuttgart concerning the question of which court is the court first seized. A final decision on this issue continues to be outstanding. Currently, the proceedings are pending before the Higher Regional Court of Stuttgart. Porsche SE considers the action filed in England to be inadmissible and the asserted claims to be without merit.

Legal proceedings and legal risks in connection with the diesel issue and shareholder proceedings

In connection with the diesel issue, legal proceedings with a total volume of approximately €1.1 billion (plus interest) are pending against Porsche SE before the Regional Court of Stuttgart, the Higher Regional Court of Stuttgart and the Regional Court of Braunschweig. The plaintiffs accuse Porsche SE of alleged nonfeasance of capital market information or alleged incorrect capital market information in connection withthe diesel issue. Some of these proceedings are directed against both Porsche SE and Volkswagen AG. Porsche SE considers the actions to be inadmissible in part, but in any case to be without merit.

Before the Regional Court of Stuttgart 199 actions are currently pending at first instance. After withdrawal of a few lawsuits, the actions concern payment of damages, if quantified, in the total amount of approximately €914.4 million (plus interest) and in part establishment of liability for damages. In the majority of the proceedings pending before the Regional Court of Stuttgart, the plaintiff side had filed motions for recusal. To the extent that decisions have been made so far on these motions for recusal, they have been dismissed. The remaining motions for recusal have become inadmissible because of a change in the composition of the chamber. 30 claims for damages against Porsche SE, with a claim volume (according to the current assessment of the partially unclear head of claims) of approximately €9 million (plus interest),

are pending before the Regional Court of Braunschweig. A number of the proceedings pending before the

Regional Court of Stuttgart and the Regional Court of Braunschweig are currently suspended with reference to the KapMuG proceedings pending before the Higher Regional Court of Stuttgart and the Higher Regional

Court of Braunschweig. Porsche SE considers the actions filed against it before the Regional Court of

Stuttgart to be without merit. The actions filed against Porsche SE before the Regional Court of Braunschweig are considered by Porsche SE to be inadmissible and to be without merit.

In addition, two further proceedings, in which a total of further approximately €164 million (plus interest) in damages was claimed, are pending before the Higher Regional Court of Stuttgart on appeal. The Regional

Court of Stuttgart granted these actions in the amount of approximately €47 million (plus interest) and otherwise dismissed the actions on 24 October 2018. Porsche SE and the respective plaintiffs filed appeals. The appeal proceedings had been suspended with reference to the KapMuG proceedings pending before the Higher Regional Court of Stuttgart and the Higher Regional Court of Braunschweig. The orders to suspend the proceedings by the Higher Regional Court of Stuttgart were appealed by the respective plaintiffs on points of law. In one proceeding, the appeal on points of law against the order to suspend the proceeding has meanwhile been withdrawn. In the other proceeding, the Federal Court of Justice, by court order dated 16 June 2020, set aside the order to suspend the proceeding by the Higher Regional Court of Stuttgart and ordered that the proceeding be resumed. Porsche SE considers these actions filed against it before the Regional Court of Stuttgart to be without merit.

A KapMuG proceeding, initiated by order for reference of the Regional Court of Stuttgart of 28 February 2017, is pending before the Higher Regional Court of Stuttgart. The Higher Regional Court of Stuttgart decided by court order dated 27 March 2019 that the model case proceeding is inadmissible. Against this decision an appeal on points of law was filed with the Federal Court of Justice. By court order dated

16 June 2020, the Federal Court of Justice set aside the court order of the Higher Regional Court of

Stuttgart and referred the case back to the Higher Regional Court of Stuttgart. On 22 October 2020, the Higher Regional Court of Stuttgart appointed a model case plaintiff.

Following corresponding orders to suspend the proceedings by the Regional Court of Braunschweig and the courts of Stuttgart, Porsche SE became a further model case defendant in the model case proceedings before the Higher Regional Court of Braunschweig. Several oral hearings have taken place before the

Higher Regional Court of Braunschweig. The next oral hearing is set to take place on 19 April 2021. With regard to the partial model case ruling of the Higher Regional Court of Braunschweig regarding questions ofjurisdiction, an appeal on points of law was filed with the Federal Court of Justice. By court order dated 21 July 2020, the Federal Court of Justice dismissed the appeal on points of law.

During the reporting period, no significant new developments have occurred with regard to claims asserted out of court and not yet brought to court against Porsche SE with a total amount of approximately

€63 million and in some cases without defined amounts as well as with regard to the waiver of the statute of limitations defense granted by Porsche SE to the United States of America for alleged claims for damages in relation to the alleged acquisition of in total 40,992 Porsche SE preference shares.

The investigation proceedings on suspicion of market manipulation against Matthias Müller, Hans Dieter Pötsch and Prof. Dr. Martin Winterkorn, have meanwhile been terminated. After a thorough examination and consideration, the Porsche SE supervisory board has argued that Porsche SE will assume a fine imposed in this regard on Hans Dieter Pötsch amounting to €1.5 million. The regulatory fining proceedings against Porsche SE pursuant to Sec. 30, 130 Regulatory Offences Act (OWiG) continue to be pending. Porsche SE considers the allegation made to be without merit.

In the shareholder proceedings, the so-called status proceeding in accordance with Sec. 98 German Stock Corporation Act (AktG) was closed due to the withdrawal of all motions. Also closed is the proceeding for annulment regarding the resolutions of the annual general meeting on 29 June 2016 on the exoneration of the board of management and the supervisory board for the fiscal year 2015. The appeal against the refusal of leave to appeal on points of law filed by Porsche SE has been rejected.

[20]Disclosures pursuant to Sec. 160 (1) No. 8 AktG ["Aktiengesetz": German Stock Corporation Act]

Notification on 29 January 2008:

Prof. Dr. Ing. h.c. Ferdinand Porsche and others, Austria, notified us of the following on 29 January 2008 in accordance with Sec. 21 (1) Sentence 1 WpHG ["Wertpapierhandelsgesetz": German Securities Trading Act]:

"The two parties who have signed this notification hereby announce to you on behalf of and with the authorization of the individuals or entities listed under no. 1 and 2 below, which at the time of this notification directly or indirectly held shares in Porsche Automobil Holding SE (then operating under the name of Dr. Ing. h.c. F. Porsche Aktiengesellschaft) or their heirs and legal successors (hereinafter also referred to as the "notifying parties") in accordance with Sec. 21 (1) WpHG, as a correction to the notification of 5 February 1997:

The voting share held by each notifying party in Porsche Automobil Holding SE (formerly: Dr. Ing. h.c. F. Porsche Aktiengesellschaft), Porscheplatz 1, 70435 Stuttgart, Germany, exceeded the voting right threshold of 75% on 3 February 1997 and on that date amounted to 100% of the voting rights (875,000 voting rights). As of today, it also amounts to 100% for the persons that still exist today (8,750,000 voting rights).

The following voting rights were allocated to the individual notifying parties based on the existing consortium agreement pursuant to Sec. 22 (1) No. 3 WpHG in the version dated 26 June 1994 ("old version") or Sec. 22 (2) WpHG in the currently applicable version ("new version"):

Pursuant to

Sec. 22 - 1 No. 3 WpHG old version or

Sec. 22 - 2 WpHG new version

Notifying party and address	%	Voting rights
Prof. Dr. Ing. h.c. Ferdinand Porsche, Zell am See, Austria	99.84	873,569
Prof. Ferdinand Alexander Porsche, Gries/Pinzgau, Austria	87.82	768,461
Hans-Peter Porsche, Salzburg, Austria	87.82	768,461
Gerhard Anton Porsche, Mondsee, Austria	94.27	824,895
Dr. Wolfgang Porsche, Munich	87.82	768,461
Dr. Oliver Porsche, Salzburg, Austria	99.96	874,625
Kommerzialrat Louise Piëch, Thumersbach, Austria	99.80	873,216
Louise Daxer-Piëch, Vienna, Austria	93.89	821,499
Mag. Josef Ahorner, Vienna, Austria	99.24	868,313
Mag. Louise Kiesling, Vienna, Austria	99.24	868,313
Dr. techn. h.c. Ferdinand Piëch, Salzburg, Austria	86.94	760,719
Dr. Hans Michel Piëch, Salzburg, Austria	86.94	760,719
Porsche GmbH, Porscheplatz 1, 70435 Stuttgart	76.43	668,749

A share in voting rights of 23.57% (206,251 voting rights) was allocated to the former company Porsche Holding KG, Fanny-von-Lehnert Strasse 1, A-5020 Salzburg (current legal successor: Porsche Holding

Gesellschaft m.b.H., Vogelweiderstrasse 75, A-5020 Salzburg) and Porsche GmbH, Vogelweiderstrasse 75,

A-5020 Salzburg each in accordance with Sec. 22 (1) No. 2 WpHG, old version, and Sec. 22 (1) No. 1 WpHG, new version, and a share of voting rights of 76.43% (668,749 voting rights) was allocated pursuant to Sec. 22 (1) No. 3 WpHG, old version, or Sec. 22 (2) WpHG, new version.

The share in voting rights of Porsche GmbH, Salzburg, allocated to the notifying parties pursuant to Sec. 22 (1) No. 2 WpHG, old version, or Sec. 22 (1) No. 1 WpHG, new version, were actually held via Porsche

GmbH, Stuttgart. The share in voting rights of Porsche Holding KG allocated to the notifying parties pursuant to Sec. 22 (1) No. 2 WpHG, old version, or Sec. 22 (1) No. 1 WpHG, new version, were actually held via Porsche GmbH, Salzburg and Porsche GmbH, Stuttgart. In both cases, the share in voting rights held in Porsche GmbH, Stuttgart, allocated to the notifying parties pursuant to Sec. 22 (1) No. 2 WpHG, old version, or Sec. 22 (1) No. 1 WpHG, new version, amounted to 3% or more.

The share in voting rights allocated to the other notifying parties pursuant to Sec. 22 (1) No. 3 WpHG, old version, or Sec. 22 (2) WpHG, new version, amounted to 3% or more: Prof. Ferdinand Alexander Porsche,

Hans-Peter Porsche, Dr. Wolfgang Porsche, Louise Daxer-Piëch, Dr. h.c. Ferdinand Piëch, Dr. Hans-Michel Piëch, Porsche GmbH, Stuttgart.

Dr. Wolfgang Hils

- representing the notifying parties Kommerzialrat Louise Piëch, Dr. techn. h. c. Ferdinand Piëch and Dr. Hans Michel Piëch -

Dr. Oliver Porsche

- representing the other notifying parties - "

Notification on 30 May 2011:

On 30 May 2011, we were informed of the following pursuant to Sec. 21 (1) WpHG:

"The percentage of voting rights held by the following notifying parties in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart ("Porsche SE"), fell below the voting rights threshold of 75% on 24 May 2011 and, including the allocations in accordance with Sec. 22 WpHG, amounts to 57.88% (88,627,458 voting rights) as of that date in each case.

1. Dipl.-Ing. Prof. Dr. h.c. Ferdinand Piëch, Salzburg, Austria
2. Ferdinand Karl Alpha Privatstiftung, Vienna, Austria
3. Dr. Hans Michel Piëch, Salzburg, Austria
4. Dipl.-Ing. Dr. h.c. Ferdinand Piëch GmbH, Salzburg, Austria
5. Dr. Hans Michel Piëch GmbH, Salzburg, Austria
6. Ferdinand Piëch GmbH, Grünwald, Germany
7. Hans Michel Piëch GmbH, Grünwald, Germany

A share of 13.97% of the voting rights (21,394,758 voting rights) is allocable to the notifying parties 1 through 5 in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG and 43.91% (67,232,700 voting rights) is allocable in accordance with Sec. 22 (2) WpHG.

A share of 43.91% of the voting rights (67,232,700 voting rights) is allocable to the notifying parties 6 and 7 in accordance with Sec. 22 (2) WpHG.

The voting rights allocable to the notifying parties listed in the investment chain below are actually held by the controlled entities listed in the investment chain below, whose voting share in Porsche SE amounts to 3% or more in each case:

Investment chain Dipl.-Ing. Dr. h.c. Ferdinand Piëch, Salzburg

1. Dipl.-Ing. Prof. Dr. h.c. Ferdinand Piëch, Salzburg (notifying party)
2. Ferdinand Karl Alpha Privatstiftung, Vienna (notifying party and controlled entity)
3. Dipl.-Ing. Dr. h.c. Ferdinand Piëch GmbH, Salzburg (notifying party and controlled entity)
4. Ferdinand Piëch GmbH, Grünwald (notifying party and controlled entity)

Investment chain Dr. Hans Michel Piëch, Salzburg

1. Dr. Hans Michel Piëch, Salzburg (notifying party)
2. Dr. Hans Michel Piëch GmbH, Salzburg (notifying party and controlled entity)
3. Hans Michel Piëch GmbH, Grünwald (notifying party and controlled entity)

3% or more of the voting rights arising from the shares of the following shareholders were allocated to the other notifying parties in accordance with Sec. 22 (2) WpHG (excluding those notifying parties that have already been allocated voting rights arising from the shares of the respective shareholder in accordance with Sec. 22 (1) No. 1 WpHG): Familien Porsche-Daxer-Piëch Beteiligung GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald, Porsche GmbH, Stuttgart, Ferdinand Piëch GmbH, Grünwald, Hans Michel Piëch GmbH, Grünwald."

Notification on 30 May 2011:

On 30 May 2011, we were informed of the following pursuant to Sec. 21 (1) Sentence 1 WpHG:

1. The percentage of voting rights held by the following notifying parties in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, fell below the voting rights threshold of 75% on 24 May 2011 and amounts to 64.20% (98,310,794 voting rights) as of that date.

a) Mag. Josef Ahorner, Vienna, Austria
b) Mag. Louise Kiesling, Vienna, Austria
c) Prof. Ferdinand Alexander Porsche, Gries/Pinzgau, Austria
d) Dr. Ferdinand Oliver Porsche, Salzburg, Austria
e) Kai Alexander Porsche, Innsbruck, Austria
f) Mag. Mark Philipp Porsche, Salzburg, Austria
g) Gerhard Anton Porsche, Mondsee, Austria
h) Ferdinand Porsche Privatstiftung, Salzburg, Austria
i) Ferdinand Porsche Holding GmbH, Salzburg, Austria
j) Louise Daxer-Piëch GmbH, Salzburg, Austria
k) Louise Daxer-Piech GmbH, Grünwald, Germany
l) Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Austria
m) Ferdinand Alexander Porsche GmbH, Grünwald, Germany
n) Gerhard Anton Porsche GmbH, Salzburg, Austria
o) Gerhard Porsche GmbH, Grünwald, Germany
p) Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Germany

2. A share of 27.44% of the voting rights in the issuer (42,021,894 voting rights) is allocable to the notifying parties 1.a) through 1.o) of this section I in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG and 36.76% (56,288,900 voting rights) is allocable on account of an existing consortium agreement in accordance with Sec. 22 (2) WpHG.

3. A share of 36.76% of the voting rights in the issuer (56,288,900 voting rights) is allocable to Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, as listed under no. 1.p) of this section I on account of an existing consortium agreement in accordance with Sec. 22 (2) WpHG.

4. The voting rights allocated to Mag. Josef Ahorner, Vienna, Mag. Louise Kiesling, Vienna, Prof. Ferdinand Alexander Porsche, Gries/Pinzgau, Dr. Ferdinand Oliver Porsche, Salzburg, Kai Alexander Porsche, Innsbruck, Mark Philipp Porsche, Salzburg, and Gerhard Anton Porsche, Mondsee, are actually held via the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:Ferdinand Porsche Privatstiftung, Salzburg, Ferdinand Porsche Holding GmbH, Salzburg, Louise Daxer-Piëch GmbH, Salzburg, Louise Daxer-Piech GmbH, Grünwald, Prof. Ferdinand Alexander Porsche GmbH,

Salzburg, Ferdinand Alexander Porsche GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

5. The voting rights allocable to Ferdinand Porsche Privatstiftung, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Ferdinand Porsche Holding GmbH, Salzburg, Louise Daxer-Piëch GmbH, Salzburg, Louise Daxer-Piech

GmbH, Grünwald, Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Ferdinand Alexander Porsche GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

6. The voting rights allocable to Ferdinand Porsche Holding GmbH, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Louise Daxer-Piëch GmbH, Salzburg, Louise Daxer-Piech GmbH, Grünwald, Prof. Ferdinand Alexander

Porsche GmbH, Salzburg, Ferdinand Alexander Porsche GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

7. The voting rights allocable to Louise Daxer-Piëch GmbH, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Louise Daxer-Piech GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

8. The voting rights allocable to Prof. Ferdinand Alexander Porsche GmbH, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Ferdinand Alexander Porsche GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

9. The voting rights allocable to Gerhard Anton Porsche GmbH, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Gerhard Porsche GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

10. The voting rights allocable to Louise Daxer-Piech GmbH, Grünwald, Ferdinand Alexander Porsche GmbH, Grünwald, and Gerhard Porsche GmbH, Grünwald, are actually held by the following controlled entity, whose voting share in Porsche SE amounts to 3% or more:

Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

11. 3% or more of the voting rights arising from the shares of the following shareholders were allocated to the notifying parties listed under no. 1.a) through 1.p) of this section I in accordance with Sec. 22 (2) WpHG: Familie Porsche Beteiligung GmbH, Grünwald, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Ferdinand Piech GmbH, Grünwald, Hans Michel Piech GmbH, Grünwald.

II.

1. The percentage of voting rights held by the following individuals and legal entities in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, fell below the voting rights threshold of 75% on 24 May 2011 and amounts to 63.21% (96,784,524 voting rights) as of that date:

a)	Ing. Hans-Peter Porsche, Salzburg, Austria
b)	Peter Daniell Porsche, Salzburg, Austria
c)	Dr. Wolfgang Porsche, Salzburg, Austria
d)	Familie Porsche Privatstiftung, Salzburg, Austria
e)	Familie Porsche Holding GmbH, Salzburg, Austria
f)	Ing. Hans-Peter Porsche GmbH, Salzburg, Austria
g)	Hans-Peter Porsche GmbH, Grünwald, Germany
h)	Porsche Wolfgang 1. Beteiligungs GmbH & Co. KG, Stuttgart, Germany
i)	Wolfgang Porsche GmbH, Stuttgart, Germany
j)	Familie Porsche Beteiligung GmbH, Grünwald, Germany
2.	A share of 25.74% of the voting rights in the issuer (39,413,724 voting rights) is allocable to the notifying

parties 1a) through i) in this section II in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG and 37.47% (57,370,800 voting rights) is allocable in accordance with Sec. 22 (2) WpHG.

3. A share of 37.47% of the voting rights in the issuer (57,370,800 voting rights) is allocable to Familie Porsche Beteiligung GmbH, Grünwald, as listed under no. 2 j) of this section II in accordance with Sec. 22 (2) WpHG.

4. The voting rights allocable to Ing. Hans-Peter Porsche, Salzburg, and Peter Daniell Porsche, Salzburg/Aigen, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Familie Porsche Privatstiftung, Salzburg, Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald

5. The voting rights allocable to Dr. Wolfgang Porsche, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Familie Porsche Privatstiftung, Salzburg, Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Porsche Wolfgang 1. Beteiligungs GmbH & Co. KG, Stuttgart, Wolfgang Porsche GmbH, Stuttgart, Familie Porsche Beteiligung GmbH, Grünwald

6. The voting rights allocable to Familie Porsche Privatstiftung, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald

7. The voting rights allocable to Familie Porsche Holding GmbH, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald

8. The voting rights allocable to Ing. Hans-Peter Porsche GmbH, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Hans-Peter Porsche GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald

9. The voting rights allocable to Porsche Wolfgang 1. Beteiligungs GmbH & Co. KG, Stuttgart, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Wolfgang Porsche GmbH, Stuttgart, Familie Porsche Beteiligung GmbH, Grünwald

10. The voting rights allocable to Hans-Peter Porsche GmbH, Grünwald, and Wolfgang Porsche GmbH, Stuttgart, are actually held by the following controlled entity, whose voting share in Porsche SE amounts to 3% or more:

Familie Porsche Beteiligung GmbH, Grünwald

WpHG: Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Ferdinand Piech GmbH, Grünwald, Hans Michel Piech GmbH, Grünwald.

III.

1. The percentage of voting rights held by Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, in

Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, fell below the voting rights threshold of 75% on 24 May 2011 and amounts to 52.55% (80,462,267 voting rights) as of that date.

2. A share of 43.67% of the voting rights in the issuer (66,874,900 voting rights) is allocable to Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, in accordance with Sec. 22 (2) WpHG.

3. 3% or more of the voting rights arising from the shares of the following shareholders were allocated to Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, in accordance with Sec. 22 (2) WpHG: Familien

Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald, Ferdinand Piech GmbH, Grünwald, Hans Michel Piech GmbH, Grünwald.

IV.

1. The percentage of voting rights held by Porsche Familienholding GmbH, Salzburg, Austria, and Porsche

Gesellschaft m.b.H., Salzburg, Austria, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, fell below the voting rights threshold of 75% on 24 May 2011 and amounts to 73.28% (112,205,710 voting rights) as of that date.

2. A share of 8.87% of the voting rights in the issuer (13,587,367 voting rights) is allocable to Porsche Familienholding GmbH, Salzburg, and Porsche Gesellschaft m.b.H., Salzburg, in accordance with Sec. 22

(1) Sentence 1 No. 1 WpHG (in conjunction with Sec. 22 (1) Sentence 2 WpHG), 20.73% of the voting rights in the issuer (31,743,443 voting rights) in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG and 43.67%

(66,874,900 voting rights) is allocable on account of an existing consortium agreement in accordance with Sec. 22 (2) WpHG.

3. The voting rights allocated to Porsche Familienholding GmbH, Salzburg, in accordance with Sec. 22 (1)

Sentence 1 No. 1 WpHG are actually held via the following controlled entities, whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case:

Porsche Gesellschaft m.b.H., Salzburg, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart

4. The voting rights allocated to Porsche Gesellschaft m.b.H., Salzburg, in accordance with Sec. 22 (1)

Sentence 1 No. 1 WpHG are actually held via the following controlled entity whose voting share in Porsche SE amounts to 3% or more:

Porsche Gesellschaft mit beschränkter Haftung, Stuttgart

5. 3% or more of the voting rights arising from the shares of the following shareholders are allocated to

Porsche Familienholding GmbH, Salzburg, and Porsche Gesellschaft m.b.H., Salzburg, in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG (in conjunction with Sec. 22 (1) Sentence 2 WpHG):

Familie Porsche Beteiligung GmbH, Stuttgart, Familien Porsche-Daxer-Piech Beteiligung GmbH, Stuttgart

6. 3% or more of the voting rights arising from the shares of the following shareholders are allocated to Porsche Familienholding GmbH, Salzburg, and Porsche Gesellschaft m.b.H., Salzburg, in accordance with Sec. 22 (2) WpHG: Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald, Ferdinand Piech GmbH, Grünwald, Hans Michel Piech GmbH, Grünwald

Notification on 30 May 2011:

On 30 May 2011, we were informed of the following pursuant to Sec. 21 (1) Sentence 1 WpHG:

"1. The percentage of voting rights held by ESP 1520 GmbH, PP 1320 GmbH, ESP 1530 GmbH and PP 1330 GmbH, all based in Grünwald, Germany, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 3% on 24 May 2011 and amounts to 4.89% in each case (7,481,664 voting rights) as of that date. All of these voting rights are allocated to ESP 1520 GmbH and ESP 1530 GmbH and PP 1320 GmbH and PP 1330 GmbH each in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG (the latter in conjunction with Sec. 22 (1) Sentence 2 WpHG). 3% or more of the shares held by Familie Porsche Beteiligung GmbH, Stuttgart, are allocated to ESP 1520 GmbH, PP 1320 GmbH, ESP 1530 GmbH and PP 1330 GmbH in each case.

2. The percentage of voting rights held by PP 1480 GmbH and PP 1420 GmbH, both based in Grünwald, Germany, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 3% on 24 May 2011 and amounts to 4.91% in each case (7,514,342 voting rights) as of that date. All of these voting rights are allocated to PP 1480 GmbH and PP 1420 GmbH each in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG (the latter in conjunction with Sec. 22 (1) Sentence 2 WpHG). 3% or more of the shares held by Familien Porsche-Daxer-Piech Beteiligung GmbH, Stuttgart, are allocated to PP 1480 GmbH and PP 1420 GmbH in each case.

3. The percentage of voting rights held by Porsche Verwaltungs GmbH, Salzburg, Austria, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 20% on 24 May 2011 and amounts to 20.73% (31,743,443 voting rights) as of that date. All of these voting rights are allocated to Porsche Verwaltungs GmbH in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG (in conjunction with Sec. 22 (1) Sentence 2 WpHG). 3% or more of the voting rights arising from the shares of the following shareholders were allocated to Porsche Verwaltungs GmbH: Familie Porsche Beteiligung GmbH, Stuttgart, Familien Porsche-Daxer-Piech Beteiligung GmbH, Stuttgart. These voting rights were not obtained by exercise of purchase rights resulting from financial instruments according to Sec. 25 (1) Sentence 1 WpHG."

Notification on 21 June 2011:

With reference to its voting rights notification dated 30 May 2011, Porsche Verwaltungs GmbH, Salzburg, Austria, informed Porsche Automobil Holding SE, Stuttgart, Germany, on 21 June 2011 in accordance with Sec. 21 (1) WpHG of the following:

"Correcting the voting rights notification by Porsche Verwaltungs GmbH dated 30 May 2011, we hereby inform you that the percentage of voting rights held by Porsche Verwaltungs GmbH, Salzburg, Austria, in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the voting rights threshold of 3%, 5%, 10%, 15% and 20% on 24 May 2011 and amounts to 20.73% as of that date (31,743,443 voting rights). All of these voting rights are allocated to Porsche Verwaltungs GmbH in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG (in conjunction with Sec. 22 (1) Sentence 2 WpHG). 3% or more of the voting rights arising from the shares of the following shareholders were allocated to Porsche Verwaltungs GmbH: Familie Porsche Beteiligung GmbH, Stuttgart, Familien Porsche-Daxer-Piech Beteiligung GmbH, Stuttgart. These voting rights were not obtained by exercise of purchase rights resulting from financial instruments according to Sec. 25 (1) Sentence 1 WpHG."

Notification on 5 October 2011:

Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, Germany, was informed of the following on 5 October 2011 pursuant to Sec. 21 (1) Sentence 1 WpHG:

1. The percentage of voting rights held by the following notifying party in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 75% on 4 October 2011 and amounts to 80.23% (122,849,172 voting rights) as of that date.

a) Mag. Josef Ahorner, Vienna, Austria
b) Mag. Louise Kiesling, Vienna, Austria
c) Prof. Ferdinand Alexander Porsche, Gries/Pinzgau, Austria
d) Dr. Ferdinand Oliver Porsche, Salzburg, Austria
e) Kai Alexander Porsche, Innsbruck, Austria
f) Mag. Mark Philipp Porsche, Salzburg, Austria
g) Gerhard Anton Porsche, Mondsee, Austria
h) Ferdinand Porsche Privatstiftung, Salzburg, Austria
i) Ferdinand Porsche Holding GmbH, Salzburg, Austria
j) Louise Daxer-Piech GmbH, Salzburg, Austria
k) Louise Daxer-Piech GmbH, Grünwald, Germany
l) Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Austria
m) Ferdinand Alexander Porsche GmbH, Grünwald, Germany
n) Gerhard Anton Porsche GmbH, Salzburg, Austria
o) Gerhard Porsche GmbH, Grünwald, Germany
p) Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Germany

2. A share of 27.44% of the voting rights in the issuer (42,021,894 voting rights) is allocable to the notifying parties 1.a) through 1.o) of this section I in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG and 52.79% (80,827,278 voting rights) is allocable on account of a consortium agreement in accordance with Sec. 22 (2) WpHG.

3. A share of 52.79% of the voting rights in the issuer (80,827,278 voting rights) is allocable to Familien

Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, as listed under no. 1.p) of this section I on account of a consortium agreement in accordance with Sec. 22 (2) WpHG.

Innsbruck, Mark Philipp Porsche, Salzburg, and Gerhard Anton Porsche, Mondsee, are actually held via the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Ferdinand Porsche Privatstiftung, Salzburg, Ferdinand Porsche Holding GmbH, Salzburg, Louise Daxer-

Piech GmbH, Salzburg, Louise Daxer-Piech GmbH, Grünwald, Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Ferdinand Alexander Porsche GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

Ferdinand Porsche Holding GmbH, Salzburg, Louise Daxer-Piech GmbH, Salzburg, Louise Daxer-Piech GmbH, Grünwald, Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Ferdinand Alexander Porsche

GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

Louise Daxer-Piech GmbH, Salzburg, Louise Daxer-Piech GmbH, Grünwald, Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Ferdinand Alexander Porsche GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

7. The voting rights allocable to Louise Daxer-Piech GmbH, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Louise Daxer-Piech GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

Ferdinand Alexander Porsche GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

9. The voting rights allocable to Gerhard Anton Porsche GmbH, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Gerhard Porsche GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald

11. 3% or more of the voting rights arising from the shares of the following shareholders were allocated to the notifying parties listed under no. 1.a) through 1.p) of this section I in accordance with Sec. 22 (2) WpHG: Familie Porsche Beteiligung GmbH, Grünwald, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Ferdinand Piëch GmbH, Grünwald, Hans Michel Piëch GmbH, Grünwald.

II.

1. The percentage of voting rights held by the following individuals and legal entities in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 75% on 4 October 2011 and amounts to 79.33% (121,478,320 voting rights) as of that date:

a)	Ing. Hans-Peter Porsche, Salzburg, Austria
b)	Peter Daniell Porsche, Salzburg, Austria
c)	Dr. Wolfgang Porsche, Salzburg, Austria
d)	Familie Porsche Privatstiftung, Salzburg, Austria
e)	Familie Porsche Holding GmbH, Salzburg, Austria
f)	Ing. Hans-Peter Porsche GmbH, Salzburg, Austria
g)	Hans-Peter Porsche GmbH, Grünwald, Germany
h)	Porsche Wolfgang 1. Beteiligungs GmbH & Co. KG, Stuttgart, Germany
i)	Wolfgang Porsche GmbH, Stuttgart, Germany
j)	Familie Porsche Beteiligung GmbH, Grünwald, Germany
2.	A share of 25.74% of the voting rights in the issuer (39,413,724 voting rights) is allocable to the notifying

parties 1.a) through i) in this section II in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG and 53.59% (82,064,596 voting rights) is allocable in accordance with Sec. 22 (2) WpHG.

3. A share of 53.59% of the voting rights in the issuer (82,064,596 voting rights) is allocable to Familie Porsche Beteiligung GmbH, Grünwald, as listed under no. 2 j) of this section II in accordance with Sec. 22 (2) WpHG.

4. The voting rights allocable to Ing. Hans-Peter Porsche, Salzburg, and Peter Daniell Porsche, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Familie Porsche Privatstiftung, Salzburg, Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter

Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald

5. The voting rights allocable to Dr. Wolfgang Porsche, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Familie Porsche Privatstiftung, Salzburg, Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter

Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Porsche Wolfgang 1. Beteiligungs GmbH & Co. KG, Stuttgart, Wolfgang Porsche GmbH, Stuttgart, Familie Porsche Beteiligung GmbH, Grünwald

Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald

7. The voting rights allocable to Familie Porsche Holding GmbH, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald

8. The voting rights allocable to Ing. Hans-Peter Porsche GmbH, Salzburg, are actually held by the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Hans-Peter Porsche GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald

Wolfgang Porsche GmbH, Stuttgart, Familie Porsche Beteiligung GmbH, Grünwald

10. The voting rights allocable to Hans-Peter Porsche GmbH, Grünwald, and Wolfgang Porsche GmbH,

Stuttgart, are actually held by the following controlled entity, whose voting share in Porsche SE amounts to 3% or more:

Familie Porsche Beteiligung GmbH, Grünwald

11. 3% or more of the voting rights arising from the shares of the following shareholders were allocated to the notifying parties listed under no. 1.a) through 1.j) of this section II in accordance with Sec. 22 (2) WpHG: Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Ferdinand Piëch GmbH, Grünwald, Hans Michel Piëch GmbH, Grünwald.

III.

1. The percentage of voting rights held by Porsche Piech Holding GmbH, Salzburg, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 75% on 4 October 2011 and amounts to 90.00% (137,812,500 voting rights) as of that date.

2. A share of 8.87% of the voting rights in the issuer (13,587,367 voting rights) is allocable to Porsche Piech Holding GmbH, Salzburg, in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG, 20.44% of the voting rights in the issuer (31,297,508 voting rights) is allocable in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG (in conjunction with Sec. 22 (1) Sentence 2 WpHG) and 60.69% of the voting rights in the issuer (92,927,625 voting rights) is allocable on account of a consortium agreement in accordance with Sec. 22 (2) WpHG.

3. The voting rights allocated to Porsche Piech Holding GmbH, Salzburg, in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG are actually held via the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case:

Porsche Gesellschaft m.b.H., Salzburg, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart

4. 3% or more of the voting rights arising from the shares of the following shareholders are allocated to Porsche Piech Holding GmbH, Salzburg, in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG (in conjunction with Sec. 22 (1) Sentence 2 WpHG):

Familie Porsche Beteiligung GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald 5. 3% or more of the voting rights arising from the shares of the following shareholders were allocated to Porsche Piech Holding GmbH, Salzburg, in accordance with Sec. 22 (2) WpHG:

Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald, Ferdinand Piëch GmbH, Grünwald, Hans Michel Piëch GmbH, Grünwald

The voting rights pursuant to sections I to III were not obtained by exercise of rights resulting from financial instruments according to Sec. 25 (1) Sentence 1 WpHG to acquire shares in the issuer."

Notification on 5 October 2011:

Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, Germany, was informed of the following on 5 October 2011 pursuant to Sec. 21 (1) Sentence 1 WpHG:

"1. The percentage of voting rights held by Porsche Piech Holding GmbH, Salzburg, Austria, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, fell below the voting rights threshold of 75% on

5 October 2011 and amounts to 69.56% (106,514,992 voting rights) as of that date. A share of 8.87% of the voting rights (13,587,367 voting rights) is allocable to Porsche Piech Holding GmbH in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG and 60.69% of the voting rights in the issuer (92,927,625 voting rights) is allocable on account of an existing consortium agreement in accordance with Sec. 22 (2) WpHG. The voting rights allocated to Porsche Piech Holding GmbH in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG are actually held via the following controlled entities, whose voting share in Porsche SE amounts to 3% or more: Porsche Gesellschaft m.b.H., Salzburg, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart.

3% or more of the voting rights arising from the shares of the following shareholders were allocated to Porsche Piech Holding GmbH in accordance with Sec. 22 (2) WpHG: Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Germany, Familie Porsche Beteiligung GmbH, Grünwald, Germany, Ferdinand Piëch GmbH, Grünwald, Germany, Hans Michel Piëch GmbH, Grünwald, Germany.

2. The percentage of voting rights held by Porsche Piech Zweite Familienholding Neu GmbH, Salzburg, Austria, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights thresholds of 3%, 5%, 10%, 15% and 20% on 5 October 2011 and amounts to 20.44% (31,297,508 voting rights) as of that date. All of these voting rights are allocated to Porsche Piech Zweite Familienholding Neu GmbH in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG (in conjunction with Sec. 22 (1) Sentence 2 WpHG). 3% or more of the voting rights arising from the shares of the following shareholders were allocated to Porsche Piech Zweite Familienholding Neu GmbH:

Familie Porsche Beteiligung GmbH, Grünwald, Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald.

These voting rights were not obtained by exercise of purchase rights resulting from financial instruments according to Sec. 25 (1) Sentence 1 WpHG."

Notification on 3 November 2011:

Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, Germany, was informed of the following on 3 November 2011 pursuant to Sec. 21 (1) Sentence 1 WpHG:

"1. The percentage of voting rights held by ZH 1320 GmbH, Salzburg, Austria, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 3% on 28 October 2011 and amounts to 4.89% (7,481,664 voting rights) as of that date. All of these voting rights are allocated to ZH 1320 GmbH in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG in conjunction with Sec. 22 (1) Sentence 2 WpHG. 3% or more of the voting rights arising from the shares of the following shareholder were allocated to ZH 1320 GmbH: Familie Porsche Beteiligung GmbH, Grünwald, Germany.

2. The percentage of voting rights held by ZH 1330 GmbH, Salzburg, Austria, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 3% on 28 October 2011 and amounts to 4.89% (7,481,664 voting rights) as of that date. All of these voting rights are allocated to ZH 1330 GmbH in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG in conjunction with Sec. 22 (1) Sentence 2 WpHG. 3% or more of the voting rights arising from the shares of the following shareholder were allocated to ZH 1330 GmbH: Familie Porsche Beteiligung GmbH, Grünwald, Germany.

3. The percentage of voting rights held by ZH 1420 GmbH, Salzburg, Austria, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 3% on 28 October 2011 and amounts to 4.91% (7,514,342 voting rights) as of that date. All of these voting rights are allocated to ZH 1420 GmbH in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG in conjunction with Sec. 22 (1) Sentence 2 WpHG. 3% or more of the voting rights arising from the shares of the following shareholder were allocated to ZH 1420 GmbH: Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Germany. These voting rights were not obtained by exercise of purchase rights resulting from financial instruments according to Sec. 25 (1) Sentence 1 WpHG."

In addition, Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, Germany, was informed that:

"4. Porsche Verwaltungs GmbH, Salzburg, Austria, has been dissolved through merger.

5. Porsche Piech Zweite Familienholding Neu GmbH, Salzburg, Austria, has been dissolved through spin-off."

Notification on 3 November 2011:

Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, Germany, was informed by Porsche Wolfgang 2. Beteiligungs GmbH & Co. KG, Stuttgart, Germany, on 3 November 2011 pursuant to Sec. 21 (1) Sentence 1 WpHG that the voting share held by this entity in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 3% on 28 October 2011 and amounted to 4.89% of the voting rights in the issuer (7,481,664 voting rights) as of that date.

All of these voting rights are allocated to Porsche Wolfgang 2. Beteiligungs GmbH & Co. KG in accordance with Sec. 22 (1) Sentence 1 No. 2 WpHG in conjunction with Sec. 22 (1) Sentence 2 WpHG.

3% or more of the voting rights arising from the shares of the following shareholder were allocated to Porsche Wolfgang 2. Beteiligungs GmbH & Co. KG:

Familie Porsche Beteiligung GmbH, Grünwald, Germany.

These voting rights were not obtained by exercise of purchase rights resulting from financial instruments according to Sec. 25 (1) Sentence 1 WpHG.

Notification on 7 December 2011:

Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, Germany, was informed of the following on 7 December 2011 pursuant to Sec. 21 (1) WpHG:

"The percentage of voting rights held by each of the following individuals and legal entities ("notifying parties") in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, Germany, exceeded the voting rights threshold of 75% on 5 December 2011 and amounts to 78.63% (120,395,572 of a total of 153,125,000 voting rights in Porsche Automobil Holding SE) as of that date:

1. Prof. Dipl.-Ing. Dr. h.c. Ferdinand Karl Piëch, Salzburg, Austria;
2. Ferdinand Karl Alpha Privatstiftung, Vienna, Austria;
3. Dipl.-Ing. Dr. h.c. Ferdinand Piëch GmbH, Salzburg, Austria;
4. Dr. Hans Michel Piëch, Vienna, Austria;
5. Dr. Hans Michel Piech GmbH, Salzburg, Austria;
6. Ferdinand Piëch GmbH, Grünwald, Germany;
7. Hans-Michel Piëch GmbH, Grünwald, Germany.

A share of 13.97% of the voting rights (21,394,758 voting rights) is allocable to the notifying parties 1 through 3 in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG and 64.65% (99,000,814 voting rights) is allocable in accordance with Sec. 22 (2) WpHG.

A share of 13.97% of the voting rights (21,394,757 voting rights) is allocable to the notifying parties 4 and 5 in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG and 64.65% (99,000,815 voting rights) is allocable in accordance with Sec. 22 (2) WpHG.

A share of 64.65% of the voting rights (99,000,814 voting rights) is allocable to the notifying party 6 in accordance with Sec. 22 (2) WpHG.

A share of 64.65% of the voting rights (99,000,815 voting rights) is allocable to the notifying party 7 in accordance with Sec. 22 (2) WpHG.

The voting rights allocated to the notifying parties 1 through 5 in accordance with Sec. 22 (1) Sentence 1

No. 1 WpHG were allocated to each notifying party via the following subsidiaries as defined by Sec. 22 (3) WpHG:

1. Notifying party: Prof. Dipl.-Ing. Dr. h.c. Ferdinand Karl Piëch, Salzburg, Austria

Subsidiaries as defined by Sec. 22 (1) Sentence 1 No. 1, (3) WpHG:*

* Ferdinand Karl Alpha Privatstiftung, Vienna, Austria;
* Dipl.-Ing. Dr. h.c. Ferdinand Piech GmbH, Salzburg, Austria;
* Ferdinand Piëch GmbH, Grünwald, Germany;

2. Notifying party: Ferdinand Karl Alpha Privatstiftung, Vienna, Austria

Subsidiaries as defined by Sec. 22 (1) Sentence 1 No. 1, (3) WpHG:

* Dipl.-Ing. Dr. h.c. Ferdinand Piech GmbH, Salzburg, Austria;

* Ferdinand Piëch GmbH, Grünwald, Germany;

3. Notifying party: Dipl.-Ing. Dr. h.c. Ferdinand Piech GmbH, Salzburg, Austria

Subsidiaries as defined by Sec. 22 (1) Sentence 1 No. 1, (3) WpHG:

* Ferdinand Piëch GmbH, Grünwald, Germany;

4. Notifying party: Dr. Hans Michel Piëch, Vienna, Austria

Subsidiaries as defined by Sec. 22 (1) Sentence 1 No. 1, (3) WpHG:

* Dr. Hans Michel Piech GmbH, Salzburg, Austria;

* Hans-Michel Piëch GmbH, Grünwald, Germany;

5. Notifying party: Dr. Hans Michel Piech GmbH, Salzburg, Austria

Subsidiaries as defined by Sec. 22 (1) Sentence 1 No. 1, (3) WpHG:

* Hans-Michel Piëch GmbH, Grünwald, Germany.

* Ferdinand Piëch GmbH, Grünwald, Germany;
* Hans-Michel Piëch GmbH, Grünwald, Germany;
* Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Germany;
* Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Germany;
* Familie Porsche Beteiligung GmbH, Grünwald, Germany."

Notification on 7 December 2011:

Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, Germany, was informed of the following on 7 December 2011 pursuant to Sec. 21 (1) WpHG:

"The percentage of voting rights held by ZH 1420 GmbH, Salzburg, Austria, and PP 1420 GmbH, Grünwald, Germany, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, fell below the voting rights threshold of 3% on 5 December 2011 and amounts to 0.00% of voting rights in the issuer in each case (0 voting rights) as of that date.

PP 1480 GmbH, Grünwald, Germany, has been dissolved through merger."

Notification on 7 December 2011:

Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, Germany, was informed of the following on 7 December 2011 pursuant to Sec. 21 (1) WpHG:

"1. The percentage of voting rights held by Porsche Piech Holding AG, Salzburg, Austria, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 75% on 5 December 2011 and amounts to 78.63% (120,395,572 voting rights) as of that date. A share of 8.87% of the voting rights (13,587,367 voting rights) is allocable to Porsche Piech Holding AG in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG and 69.75% (106,808,205 voting rights) is allocable on account of an existing consortium agreement in accordance with Sec. 22 (2) WpHG. The voting rights allocated to Porsche Piech Holding AG in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG are actually held via the following controlled entities, whose voting share in Porsche SE amounts to 3% or more in each case: Porsche Gesellschaft m.b.H., Salzburg, Austria, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Germany. 3% or more of the voting rights arising from the shares of the following shareholders were allocated to Porsche Piech Holding AG in accordance with Sec. 22 (2) WpHG: Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Germany, Familie Porsche Beteiligung GmbH, Grünwald, Germany, Ferdinand Piëch GmbH, Grünwald, Germany, Hans Michel Piëch GmbH, Grünwald, Germany.

2. The percentage of voting rights held by Porsche Gesellschaft m.b.H., Salzburg, Austria, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 75% on 5 December 2011 and amounts to 78.63% (120,395,572 voting rights) as of that date. A share of 8.87% ofthe voting rights (13,587,367 voting rights) is allocable to Porsche Gesellschaft m.b.H., Salzburg, Austria, in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG and 69.75% (106,808,205 voting rights) is allocable on account of an existing consortium agreement in accordance with Sec. 22 (2) WpHG. The voting rights allocated to Porsche Gesellschaft m.b.H., Salzburg, Austria, in accordance with Sec. 22 (1) Sentence 1

No. 1 WpHG are actually held via the following controlled entity, whose voting share in Porsche SE amounts to 3% or more: Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Germany. 3% or more of the voting rights arising from the shares of the following shareholders were allocated to Porsche Gesellschaft m.b.H., Salzburg, Austria, in accordance with Sec. 22 (2) WpHG: Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Germany, Familie Porsche Beteiligung GmbH, Grünwald, Germany, Ferdinand Piëch GmbH, Grünwald, Germany, Hans Michel Piëch GmbH, Grünwald, Germany.

3. The percentage of voting rights held by Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Germany, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, exceeded the voting rights threshold of 75% on 5 December 2011 and amounts to 78.63% (120,395,572 voting rights) as of that date. A share of 69.75% of the voting rights (106,808,205 voting rights) is allocable to Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Germany, on account of an existing consortium agreement in accordance with Sec. 22 (2) WpHG. 3% or more of the voting rights arising from the shares of the following shareholders were allocated to Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, in accordance with Sec. 22 (2) WpHG: Familien Porsche-Daxer-Piech Beteiligung GmbH, Grünwald, Germany, Familie Porsche Beteiligung GmbH, Grünwald, Germany, Ferdinand Piëch GmbH, Grünwald, Germany, Hans Michel Piëch GmbH, Grünwald, Germany.

These voting rights were not obtained by exercise of purchase rights resulting from financial instruments according to Sec. 25 (1) Sentence 1 WpHG."

Notification on 24 January 2012:

Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, Germany, was informed of the following on 24 January 2012 pursuant to Sec. 21 (1) Sentence 1 WpHG:

"The percentage of voting rights held by

* Porsche Wolfgang 2. Beteiligungs GmbH & Co. KG, Stuttgart, Germany
* ZH 1320 GmbH, Salzburg, Austria
* PP 1320 GmbH, Grünwald, Germany
* ZH 1330 GmbH, Salzburg, Austria
* PP 1330 GmbH, Grünwald, Germany, in Porsche Automobil Holding SE, Porscheplatz 1, 70435 Stuttgart, fell below the voting rights threshold of 3% on 23 January 2012 and amounts to 0.00% of voting rights in the issuer in each case (0 voting rights) as of that date."

In addition, Porsche Automobil Holding SE, Stuttgart, Germany, was informed that PP 1520 GmbH (formerly: ESP 1520 GmbH), Grünwald, Germany, and PP 1530 GmbH (formerly: ESP 1530 GmbH), Grünwald, Germany, have both been dissolved by merger.

Notification on 12 August 2013:

On 12 August 2013, LK Holding GmbH, Salzburg, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 10 August 2013 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25 %, 30%, 50% and 75% of the voting rights and amounted to 97.30% on that date (148,987,607 voting rights). 26.36% of the voting rights (corresponding to 40,361,059 voting rights) are attributed to the company in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG via Familien Porsche-Kiesling Beteiligung GmbH and Louise Daxer-Piech GmbH. 70.94% of the voting rights (corresponding to 108,626,548 voting rights) are attributed to the company in accordance with Sec. 22 (2) WpHG via Familie Porsche Beteiligung GmbH, Porsche Gesellschaft mit beschränkter Haftung, Hans-Michel Piëch GmbH and Ferdinand Piëch GmbH.

Notification on 11 September 2013:

On 11 September 2013, Ahorner Alpha Beteiligungs GmbH, Grünwald, Germany, informed us pursuant to Sec. 21 (1) WpHG that as of 11 September 2013 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 98.40% on that date (150,671,400 voting rights). 95.70% of the voting rights (corresponding to 146,534,007 voting rights) are attributed to the company in accordance with Sec. 22 (2) WpHG via Familien Porsche-Kiesling Beteiligung GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Hans-Michel Piëch GmbH, Grünwald, and Ferdinand Piëch GmbH, Grünwald.

Notification on 13 September 2013:

On 13 September 2013, Ahorner Beta Beteiligungs GmbH, Grünwald, Germany, informed us pursuant to Sec. 21 (1) WpHG that as of 11 September 2013 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 98.40% on that date (150,671,400 voting rights). 2.70% of the voting rights (corresponding to 4,137,393 voting rights) are attributed to the company in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG. 95.70% of the voting rights (corresponding to 146,534,007 voting rights) are attributed to the company in accordance with Sec. 22 (2) WpHG via Familien Porsche-Kiesling Beteiligung GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Hans-Michel Piëch GmbH, Grünwald, and Ferdinand Piëch GmbH, Grünwald.

Notification on 13 September 2013:

On 13 September 2013, Louise Daxer-Piech GmbH, Salzburg, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 11 September 2013 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 98.40% on that date (150,671,400 voting rights). 2.70% of the voting rights (corresponding to 4,137,393 voting rights) are attributed to the company in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG. 95.70% of the voting rights (corresponding to 146,534,007 voting rights) are attributed to the company in accordance with Sec. 22 (2) WpHG via Familien Porsche-Kiesling Beteiligung GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Hans-Michel Piëch GmbH, Grünwald, and Ferdinand Piëch GmbH, Grünwald.

Notification on 13 September 2013:

On 13 September 2013, Ahorner Holding GmbH, Salzburg, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 11 September 2013 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 98.40% on that date (150,671,400 voting rights). 2.70% of the voting rights (corresponding to 4,137,393 voting rights) are attributed to the company in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG. 95.70% of the voting rights (corresponding to 146,534,007 voting rights) are attributed to the company in accordance with Sec. 22 (2) WpHG via Familien Porsche-Kiesling Beteiligung GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Hans-Michel Piëch GmbH, Grünwald, and Ferdinand Piëch GmbH, Grünwald.

Notification on 16 December 2014:

On 16 December 2014, Porsche Wolfgang 1. Beteiligungsverwaltungs GmbH, Stuttgart, Germany, informed us pursuant to Sec. 21 (1) WpHG that as of 15 December 2014 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, fell below the thresholds of 75%, 50%, 30%, 25%, 20%, 15%, 10%, 5% and 3% of the voting rights and amounted to 0% on that date (corresponding to 0 voting rights).

Notification on 17 December 2014:

On 17 December 2014, Dr. Wolfgang Porsche Holding GmbH, Salzburg, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 15 December 2014 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 100% on that date (153,125,000 voting rights). 26.93% of the voting rights (corresponding to 41,238,260 voting rights) are attributed to the company in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG. Attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Wolfgang Porsche GmbH, Grünwald, Germany, Familie Porsche Beteiligung GmbH, Grünwald, Germany. 73.07% of the voting rights (corresponding to 111,886,740 voting rights) are attributed to the company in accordance with

Sec. 22 (2) WpHG. Attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Familien Porsche-Kiesling Beteiligung GmbH, Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, Germany, Hans-Michel Piëch GmbH, Grünwald, Germany, Ferdinand Piëch-GmbH, Grünwald, Germany, Ahorner GmbH, Salzburg, Austria.

Notification on 15 July 2015:

On 15 July 2015, Ms. Dipl.-Design Stephanie Porsche-Schröder, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 14 July 2015 her voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 100% on that date (153,125,000 voting rights).

51.69% of the voting rights (corresponding to 79,145,719 voting rights) are attributed to Ms. Porsche-Schröder in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG. Attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Dr. Wolfgang Porsche Holding GmbH, Salzburg, Wolfgang Porsche GmbH, Grünwald, Ferdinand Porsche Familien-Privatstiftung, Salzburg, Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Ferdinand Porsche Holding GmbH, Salzburg, Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Ferdinand Alexander Porsche GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, LK Holding GmbH, Salzburg, Louise Kiesling GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald.

48.31% of the voting rights (corresponding to 73,979,281 voting rights) are attributed to Ms. Porsche-Schröder in accordance with Sec. 22 (2) WpHG. The attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, HMP Vermögensverwaltung GmbH, Munich, Ferdinand Piëch GmbH, Grünwald, Ahorner GmbH, Salzburg.

Notification on 15 July 2015:

On 15 July 2015, Dr. Dr. Christian Porsche, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 14 July 2015 his voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 100% on that date (153,125,000 voting rights).

51.69% of the voting rights (corresponding to 79,145,719 voting rights) are attributed to Mr. Porsche in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG. Attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Dr. Wolfgang Porsche Holding GmbH, Salzburg, Wolfgang Porsche GmbH, Grünwald, Ferdinand Porsche Familien-Privatstiftung, Salzburg, Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Ferdinand Porsche Holding GmbH, Salzburg, Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Ferdinand Alexander Porsche GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, LK Holding GmbH, Salzburg, Louise Kiesling GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald.

48.31% of the voting rights (corresponding to 73,979,281 voting rights) are attributed to Mr. Porsche in accordance with Sec. 22 (2) WpHG. The attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, HMP Vermögensverwaltung GmbH, Munich, Ferdinand Piëch GmbH, Grünwald, Ahorner GmbH, Salzburg.

Notification on 15 July 2015:

On 15 July 2015, Mr. Ferdinand Rudolf Wolfgang Porsche, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 14 July 2015 his voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 100% on that date (153,125,000 voting rights).

Notification on 15 July 2015:

On 15 July 2015, Familie Porsche Privatstiftung, Salzburg, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 14 July 2015 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, fell below the thresholds of 75%, 50%, 30%, 25%, 20%, 15%, 10%, 5% and 3% of the voting rights and amounted to 0% on that date (0 voting rights).

Notification on 15 July 2015:

On 15 July 2015, Ferdinand Porsche Privatstiftung, Salzburg, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 14 July 2015 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, fell below the thresholds of 75%, 50%, 30%, 25%, 20%, 15%, 10%, 5% and 3% of the voting rights and amounted to 0% on that date (0 voting rights).

Notification on 15 July 2015:

On 15 July 2015, Ferdinand Porsche Familien-Privatstiftung, Salzburg, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 14 July 2015 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 100% on that date (153,125,000 voting rights).

51.69% of the voting rights (corresponding to 79,145,719 voting rights) are attributed to the company in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG. Attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Ferdinand Porsche Holding GmbH, Salzburg, Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Ferdinand Alexander Porsche GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, LK Holding GmbH, Salzburg, Louise Kiesling GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald.

48.31% of the voting rights (corresponding to 73,979,281 voting rights) are attributed to the company in accordance with Sec. 22 (2) WpHG. The attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, HMP Vermögensverwaltung GmbH, Munich, Ferdinand Piëch GmbH, Grünwald, Ahorner GmbH, Salzburg.

Notification on 20 July 2015:

On 20 July 2015, Ms. Diana Porsche, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 14 July 2015 her voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 100% on that date (153,125,000 voting rights).

51.69% of the voting rights (corresponding to 79,145,719 voting rights) are attributed to Ms. Porsche in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG. Attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Ferdinand Porsche Familien-Privatstiftung, Salzburg, Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Ferdinand Porsche Holding GmbH, Salzburg, Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Ferdinand Alexander Porsche GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, LK Holding GmbH, Salzburg, Louise Kiesling GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald.

48.31% of the voting rights (corresponding to 73,979,281 voting rights) are attributed to Ms. Porsche in accordance with Sec. 22 (2) WpHG. The attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Porsche Gesellschaft mit beschränkter Haftung, Stuttgart, HMP Vermögensverwaltung GmbH, Munich, Ferdinand Piëch GmbH, Grünwald, Ahorner GmbH, Salzburg.

Notification on 20 July 2015:

On 20 July 2015, Dr. Geraldine Porsche, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 14 July 2015 her voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 100% on that date (153,125,000 voting rights).

Notification on 20 July 2015:

On 20 July 2015, Dr. Felix Alexander Porsche, Germany, informed us pursuant to Sec. 21 (1) WpHG that as of 14 July 2015 his voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 100% on that date (153,125,000 voting rights).

51.69% of the voting rights (corresponding to 79,145,719 voting rights) are attributed to Mr. Porsche in accordance with Sec. 22 (1) Sentence 1 No. 1 WpHG. Attributed voting rights are held via the following controlled entities whose voting share in Porsche Automobil Holding SE amounts to 3% or more in each case: Ferdinand Porsche Familien-Privatstiftung, Salzburg, Familie Porsche Holding GmbH, Salzburg, Ing. Hans-Peter Porsche GmbH, Salzburg, Hans-Peter Porsche GmbH, Grünwald, Ferdinand Porsche Holding GmbH, Salzburg, Prof. Ferdinand Alexander Porsche GmbH, Salzburg, Ferdinand Alexander Porsche GmbH, Grünwald, Gerhard Anton Porsche GmbH, Salzburg, Gerhard Porsche GmbH, Grünwald, LK Holding GmbH, Salzburg, Louise Kiesling GmbH, Grünwald, Familie Porsche Beteiligung GmbH, Grünwald.

Notification on 4 August 2015:

On 4 August 2015, Ferdinand Porsche Familien-Holding GmbH, Salzburg, Austria, informed us pursuant to Sec. 21 (1) WpHG that as of 31 July 2015 its voting interest in Porsche Automobil Holding SE, Stuttgart, Germany, exceeded the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the voting rights and amounted to 100% on that date (153,125,000 voting rights).

Notification on 2 June 2016

1. Details of issuer
Porsche Automobil Holding SE Porscheplatz 1
70435 Stuttgart
2. Reason for notification

Acquisition/disposal of shares with voting rights
X	Acquisition/disposal of instruments
Change of breakdown of voting rights
Other reason:

3. Details of person subject to the notification obligation

Name:	City and country of registered office:
Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

Familie Porsche Beteiligung GmbH

Porsche Gesellschaft mit beschränkter Haftung Ahorner GmbH

Ferdinand Piëch GmbH

HMP Vermögensverwaltung GmbH

5. Date on which threshold was crossed or reached:

01/06/2016

6. Total positions

% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1. + 7.b.2.)	Total of both % (7.a. + 7.b.)	Total number of voting rights of issuer
Resulting situation	100%	100%	100%	153,125,000
Previous notification	100%	n.a. %	100%	/

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec. 21, 22 WpHG)

ISIN	absolute	%
Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)	Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)
DE000PAH0004	0	153,125,000	0%	100%
Total	153,125,000	100%

b.1. Instruments according to Sec. 25 (1) No. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights %
%
Total	%

b.2. Instruments according to Sec. 25 (1) No. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights %
Contribution agreement	n/a	n/a	Physical	153,125,000	100%
Total	153,125,000	100%

8. Information in relation to the person subject to the notification obligation

Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least held 3% or more)	% of voting rights through instruments (if at least held 5% or more)	Total of both (if at least held 5% or more)
Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche	%	%	%
Familie WP Holding GmbH	%	100%	100%

Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche	%	%	%
Dr. Wolfgang Porsche Holding GmbH	%	%	%
Ferdinand Alexander Porsche GmbH	%	%	%
Familie Porsche Beteiligung GmbH	100%	%	100%

Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche	%	%	%
Ferdinand Porsche Familien-Privatstiftung	%	%	%
Ferdinand Porsche Familien- Holding GmbH	%	%	%
Ferdinand Alexander Porsche GmbH	%	%	%
Familie Porsche Beteiligung GmbH	100%	%	100%

9. In case of proxy voting according to Sec. 22 (1) Sentence 1 No. 6 WpHG

(only in case of attribution of voting rights pursuant to Sec. 22 (1) Sentence 1 No. 6 WpHG)

Date of annual general meeting:
Holding position after annual general meeting	% (equals voting rights)

Notification on 2 June 2016

1. Details of issuer

Porsche Automobil Holding SE Porscheplatz 1

70435 Stuttgart

2. Reason for notification

Acquisition/disposal of shares with voting rights
X	Acquisition/disposal of instruments
Change of breakdown of voting rights
Other reason:

3. Details of person subject to the notification obligation

Name:	City and country of registered office:
Dr. Wolfgang Porsche

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

Familie Porsche Beteiligung GmbH

Porsche Gesellschaft mit beschränkter Haftung Ahorner GmbH

Ferdinand Piëch GmbH

HMP Vermögensverwaltung GmbH

5. Date on which threshold was crossed or reached:

01/06/2016

6. Total positions

% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1. + 7.b.2.)	Total of both % (7.a. + 7.b.)	Total number of voting rights of issuer
Resulting situation	100%	100%	100%	153,125,000
Previous notification	79.33%	n.a. %	90.00%	/

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec. 21, 22 WpHG)

ISIN	absolute	%
Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)	Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)
DE000PAH0004	0	153,125,000	0%	100%
Total	153,125,000	100%

b.1. Instruments according to Sec. 25 (1) No. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights %
%
Total	%

b.2. Instruments according to Sec. 25 (1) No. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights %
Contribution agreement	n/a	n/a	Physical	153,125,000	100%
Total	153,125,000	100%

8. Information in relation to the person subject to the notification obligation

Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least held 3% or more)	% of voting rights through instruments (if at least held 5% or more)	Total of both (if at least held 5% or more)
Dr. Wolfgang Porsche	%	%	%
Familie WP Holding GmbH	%	100%	100%

Dr. Wolfgang Porsche	%	%	%
Dr. Wolfgang Porsche Holding GmbH	%	%	%
Ferdinand Alexander Porsche GmbH	%	%	%
Familie Porsche Beteiligung GmbH	100%	%	100%

Dr. Wolfgang Porsche	%	%	%
Ferdinand Porsche Familien-Privatstiftung	%	%	%
Ferdinand Porsche Familien- Holding GmbH	%	%	%
Ferdinand Alexander Porsche GmbH	%	%	%
Familie Porsche Beteiligung GmbH	100%	%	100%

9. In case of proxy voting according to Sec. 22 (1) Sentence 1 No. 6 WpHG

(only in case of attribution of voting rights pursuant to Sec. 22 (1) Sentence 1 No. 6 WpHG)

Date of annual general meeting:
Holding position after annual general meeting	% (equals voting rights)

Notification on 16 June 2016

1. Details of issuer
Porsche Automobil Holding SE Porscheplatz 1
70435 Stuttgart
2. Reason for notification

Acquisition/disposal of shares with voting rights
X	Acquisition/disposal of instruments
Change of breakdown of voting rights
X	Other reason: Group announcement due to restructuring within the group

3. Details of person subject to the notification obligation

Name:	City and country of registered office:
Dr. Wolfgang Porsche, Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

Familie Porsche Beteiligung GmbH

Porsche Gesellschaft mit beschränkter Haftung Ahorner GmbH

Ferdinand Piëch GmbH

HMP Vermögensverwaltung GmbH

5. Date on which threshold was crossed or reached:

15/06/2016

6. Total positions

% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1. + 7.b.2.)	Total of both % (7.a. + 7.b.)	Total number of voting rights of issuer
Resulting situation	100%	0%	100%	153,125,000
Previous notification	100%	100%	100%	/

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec. 21, 22 WpHG)

ISIN	absolute	%
Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)	Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)
DE000PAH0004	0	153,125,000	0%	100%
Total	153,125,000	100%

b.1. Instruments according to Sec. 25 (1) No. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights %
%
Total	%

b.2. Instruments according to Sec. 25 (1) No. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights %
%
Total	%

8. Information in relation to the person subject to the notification obligation:

Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least held 3% or more)	% of voting rights through instruments (if at least held 5% or more)	Total of both (if at least held 5% or more)
Dr. Wolfgang Porsche, Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche	%	%	%
Familie WP Holding GmbH	%	%	%
Dr. Wolfgang Porsche Holding GmbH	%	%	%
Ferdinand Alexander Porsche GmbH	%	%	%
Familie Porsche Beteiligung GmbH	100%	%	100%

Dr. Wolfgang Porsche, Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche	%	%	%
Ferdinand Porsche Familien-Privatstiftung	%	%	%
Ferdinand Porsche Familien- Holding GmbH	%	%	%
Familie Porsche Beteiligung GmbH	100%	%	100%

9. In case of proxy voting according to Sec. 22 (1) Sentence 1 No. 6 WpHG

(only in case of attribution of voting rights pursuant to Sec. 22 (1) Sentence 1 No. 6 WpHG)

Date of annual general meeting:
Holding position after annual general meeting	% (equals voting rights)

Notification on 2 August 2016

Correction to the publication from 16 June 2016

1. Details of issuer
Porsche Automobil Holding SE Porscheplatz 1
70435 Stuttgart Germany
2. Reason for notification

Acquisition/disposal of shares with voting rights
X	Acquisition/disposal of instruments
Change of breakdown of voting rights
X	Other reason: Group announcement due to restructuring within the group

3. Details of person subject to the notification obligation

Name:	City and country of registered office:
Dr. Wolfgang Porsche, Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

Familie Porsche Beteiligung GmbH

Porsche Gesellschaft mit beschränkter Haftung Ahorner GmbH

Ferdinand Piëch GmbH

HMP Vermögensverwaltung GmbH

5. Date on which threshold was crossed or reached:

15/06/2016

6. Total positions

% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1. + 7.b.2.)	Total of both % (7.a. + 7.b.)	Total number of voting rights of issuer
Resulting situation	100%	0%	100%	153,125,000
Previous notification )	100%	100%	100%	/

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec. 21, 22 WpHG)

ISIN	absolute	%
Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)	Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)
DE000PAH0004	0	153,125,000	0%	100%
Total	153,125,000	100%

b.1. Instruments according to Sec. 25 (1) No. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights %
%
Total	%

b.2. Instruments according to Sec. 25 (1) No. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights %
%
Total	%

8. Information in relation to the person subject to the notification obligation

Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least held 3% or more)	% of voting rights through instruments (if at least held 5% or more)	Total of both (if at least held 5% or more)
Dr. Wolfgang Porsche, Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche	%	%	%
Familie WP Holding GmbH	%	%	%
Dr. Wolfgang Porsche Holding GmbH	%	%	%
Ferdinand Alexander Porsche GmbH	%	%	%
Familie Porsche Beteiligung GmbH	100%	%	100%

Dr. Wolfgang Porsche, Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche	%	%	%
Ferdinand Porsche Familien-Privatstiftung	%	%	%
Ferdinand Porsche Familien- Holding GmbH	%	%	%
Ferdinand Alexander Porsche GmbH	%	%	%
Familie Porsche Beteiligung GmbH	%	%	%

9. In case of proxy voting according to Sec. 22 (1) Sentence 1 No. 6 WpHG

(only in case of attribution of voting rights pursuant to Sec. 22 (1) Sentence 1 No. 6 WpHG)

Date of annual general meeting:
Holding position after annual general meeting	% (equals voting rights)

Notification on 3 August 2016

Correction to the publication from 2 August 2016

1. Details of issuer
Porsche Automobil Holding SE Porscheplatz 1
70435 Stuttgart Germany
2. Reason for notification

Acquisition/disposal of shares with voting rights
X	Acquisition/disposal of instruments
Change of breakdown of voting rights
X	Other reason: Group announcement due to restructuring within the group

3. Details of person subject to the notification obligation

Name:	City and country of registered office:
Dr. Wolfgang Porsche, Dr. Dr. Christian Porsche, Dipl. Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

Familie Porsche Beteiligung GmbH

Porsche Gesellschaft mit beschränkter Haftung Ahorner GmbH

Ferdinand Piëch GmbH

HMP Vermögensverwaltung GmbH

5. Date on which threshold was crossed or reached:

15/06/2016

6. Total positions

% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7. b.1. + 7.b.2.)	Total of both % (7.a. + 7.b.)	Total number of voting rights of issuer
Resulting situation	100%	0%	100%	153,125,000
Previous notification	100%	100%	100%	/

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec. 21, 22 WpHG)

ISIN	absolute	%
Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)	Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)
DE000PAH0004	0	153,125,000	0%	100%
Total	153,125,000	100%

b.1. Instruments according to Sec. 25 (1) No. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights %
%
Total	%

b.2. Instruments according to Sec. 25 (1) No. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights %
%
Total	%

8. Information in relation to the person subject to the notification obligation

Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least held 3% or more)	% of voting rights through instruments (if at least held 5% or more)	Total of both (if at least held 5% or more)
Dr. Wolfgang Porsche, Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche	%	%	%
Familie WP Holding GmbH	%	%	%
Dr. Wolfgang Porsche Holding GmbH	%	%	%
Ferdinand Alexander Porsche GmbH	%	%	%
Familie Porsche Beteiligung GmbH	100%	%	100%

Dr. Wolfgang Porsche, Dr. Dr. Christian Porsche, Dipl.-Design. Stephanie Porsche-Schröder, Ferdinand Rudolf Wolfgang Porsche, Felix Alexander Porsche	%	%	%
Ferdinand Porsche Familien-Privatstiftung	%	%	%
Ferdinand Porsche Familien- Holding GmbH	%	%	%
Ferdinand Alexander Porsche GmbH	%	%	%
Familie Porsche Beteiligung GmbH	100%	%	100%

9. In case of proxy voting according to Sec. 22 (1) Sentence 1 No. 6 WpHG

(only in case of attribution of voting rights pursuant to Sec. 22 (1) Sentence 1 No. 6 WpHG)

Date of annual general meeting:
Holding position after annual general meeting	% (equals voting rights)

Notification on 5 April 2017

1. Details of issuer

Porsche Automobil Holding SE Porscheplatz 1

70435 Stuttgart

2. Reason for notification

Acquisition/disposal of shares with voting rights
X	Acquisition/disposal of instruments
Change of breakdown of voting rights
Other reason:

3. Details of person subject to the notification obligation

Name:	City and country of registered office:
Porsche Piech Holding GmbH	Salzburg Austria

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

Familie Porsche Beteiligung GmbH

Porsche Gesellschaft mit beschränkter Haftung Ahorner GmbH

Auto 2015 Beteiligungs GmbH HMP Vermögensverwaltung GmbH

5. Date on which threshold was crossed or reached:

03/04/2017

6. Total positions

% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1. + 7.b.2.)	Total of both % (7.a. + 7.b.)	Total number of voting rights of issuer
Resulting situation	100%	5.53%	100%	153,125,000
Previous notification	78.63%	n/a%	100%	/

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec. 21, 22 WpHG)

ISIN	absolute	%
Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)	Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)
DE000PAH0004	0	153,125,000	0%	100%
Total	153,125,000	100%

b.1. Instruments according to Sec. 25 (1) No. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights %
%
Total	%

b.2. Instruments according to Sec. 25 (1) No. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights %
Contingent share purchase agreement	n/a	n/a	Physical	8,465,094	5.53%
Total	8,465,094	5.53%

8. Information in relation to the person subject to the notification obligation:

Person subject to the notification obligation (3.) is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least held 3% or more)	% of voting rights through instruments (if at least held 5% or more)	Total of both (if at least held 5% or more)
Porsche Piech Holding GmbH	%	%	%
Porsche Gesellschaft m.b.H.	%	%	%
Porsche Gesellschaft mit beschränkter Haftung	100%	5.53%	100%

9. In case of proxy voting according to Sec. 22 (1) Sentence 1 No. 6 WpHG

(only in case of attribution of voting rights pursuant to Sec. 22 (1) Sentence 1 No. 6 WpHG)

Date of annual general meeting:
Holding position after annual general meeting	% (equals voting rights)

Notification on 5 April 2017

1. Details of issuer
Porsche Automobil Holding SE Porscheplatz 1
70435 Stuttgart
2. Reason for notification

Acquisition/disposal of shares with voting rights
X	Acquisition/disposal of instruments
Change of breakdown of voting rights
Other reason:

3. Details of person subject to the notification obligation

Name:	City and country of registered office:
Dr. Hans Michel Piëch

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

Familie Porsche Beteiligung GmbH

Porsche Gesellschaft mit beschränkter Haftung Ahorner GmbH

Auto 2015 Beteiligungs GmbH HMP Vermögensverwaltung GmbH

5. Date on which threshold was crossed or reached:

03/04/2017

6. Total positions

% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1. + 7.b.2.)	Total of both % (7.a. + 7.b.)	Total number of voting rights of issuer
Resulting situation	100%	14.71%	100%	153,125,000
Previous notification	78.63%	n/a%	90%	/

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec. 21, 22 WpHG)

ISIN	absolute	%
Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)	Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)
DE000PAH0004	0	153,125,000	0%	100%
Total	153,125,000	100%

b.1. Instruments according to Sec. 25 (1) No. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights %
%
Total	%

b.2. Instruments according to Sec. 25 (1) No. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights %
Contingent purchase agreement	n.a.	n.a.	Physical	22,525,461	14.71%
Total	22,525,461	14.71%

8. Information in relation to the person subject to the notification:

Person subject to the notification obligation (3.) is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least held 3% or more)	% of voting rights through instruments (if at least held 5% or more)	Total of both (if at least held 5% or more)
Dr. Hans Michel Piëch	%	%	%
Dr. Hans Michel Piëch GmbH	%	%	%
HMP Vermögensverwaltung GmbH	100%	14.71%	100%

9. In case of proxy voting according to Sec. 22 (1) Sentence 1 No. 6 WpHG

(only in case of attribution of voting rights pursuant to Sec. 22 (1) Sentence 1 No. 6 WpHG)

Date of annual general meeting:
Holding position after annual general meeting	% (equals voting rights)

Notification on 9 November 2017

1. Details of issuer
Porsche Automobil Holding SE Porscheplatz 1
70435 Stuttgart
2. Reason for notification

Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
X	Other reason: Execution of contingent purchase agreement

3. Details of person subject to the notification obligation

Name:

City and country of registered office:

Dr. Hans Michel Piëch

Date of birth: 10 January 1942

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

Familie Porsche Beteiligung GmbH

Porsche Gesellschaft mit beschränkter Haftung Ahorner GmbH

Auto 2015 Beteiligungs GmbH HMP Vermögensverwaltung GmbH

5. Date on which threshold was crossed or reached:

08/11/2017

6. Total positions

% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1. + 7.b.2.)	Total of both % (7.a. + 7.b.)	Total number of voting rights of issuer
Resulting situation	100%	0%	100%	153,125,000
Previous notification	100%	14.71%	100%	/

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec. 21, 22 WpHG)

ISIN	absolute	%
Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)	Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)
DE000PAH0004	0	153,125,000	0%	100%
Total	153,125,000	100%

b.1. Instruments according to Sec. 25 (1) No. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights %
%
Total	%

b.2. Instruments according to Sec. 25 (1) No. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights %
%
Total	%

8. Information in relation to the person subject to the notification obligation:

Person subject to the notification obligation (3.) is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least held 3% or more)	% of voting rights through instruments (if at least held 5% or more)	Total of both (if at least held 5% or more)
Dr. Hans Michel Piëch	%	%	%
Dr. Hans Michel Piëch GmbH	%	%	%
HMP Vermögensverwaltung GmbH	100%	%	100%
Auto 2015 Beteiligungs GmbH	100%	%	100%

9. In case of proxy voting according to Sec. 22 (1) Sentence 1 No. 6 WpHG

(only in case of attribution of voting rights pursuant to Sec. 22 (1) Sentence 1 No. 6 WpHG)

Date of annual general meeting:
Holding position after annual general meeting	% (equals voting rights)

Notification on 9 November 2017

1. Details of issuer

Porsche Automobil Holding SE Porscheplatz 1

70435 Stuttgart

2. Reason for notification

Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
X	Other reason: Execution of contingent purchase agreement

3. Details of person subject to the notification obligation

Name:	City and country of registered office:
Porsche Piech Holding GmbH	Salzburg Austria

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

Familie Porsche Beteiligung GmbH

Porsche Gesellschaft mit beschränkter Haftung Ahorner GmbH

Auto 2015 Beteiligungs GmbH HMP Vermögensverwaltung GmbH

5. Date on which threshold was crossed or reached:

08/11/2017

6. Total positions

% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1. + 7.b.2.)	Total of both % (7.a. + 7.b.)	Total number of voting rights of issuer
Resulting situation	100%	0.00%	100%	153,125,000
Previous notification	100%	5.53%	100%	/

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec. 21, 22 WpHG)

ISIN	absolute	%
Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)	Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)
DE000PAH0004	0	153,125,000	0.00%	100%
Total	153,125,000	100%

b.1. Instruments according to Sec. 25 (1) No. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights %
%
Total	%

b.2. Instruments according to Sec. 25 (1) No. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights %
%
Total	%

8. Information in relation to the person subject to the notification obligation:

Person subject to the notification obligation (3.) is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least held 3% or more)	% of voting rights through instruments (if at least held 5% or more)	Total of both (if at least held 5% or more)
Porsche Piech Holding GmbH	%	%	%
Porsche Gesellschaft m.b.H.	%	%	%
Porsche Gesellschaft mit beschränkter Haftung	100%	%	100%

9. In case of proxy voting according to Sec. 22 (1) Sentence 1 No. 6 WpHG

(only in case of attribution of voting rights pursuant to Sec. 22 (1) Sentence 1 No. 6 WpHG)

Date of annual general meeting:
Holding position after annual general meeting	% (equals voting rights)

Notification on 9 November 2017

1. Details of issuer

Porsche Automobil Holding SE Porscheplatz 1

70435 Stuttgart

2. Reason for notification

Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
X	Other reason: Sale of a subsidiary

3. Details of person subject to the notification obligation

Name:	City and country of registered office:
Hon.-Prof. Dr. techn. h.c. Dipl. Ing. ETH Ferdinand Karl Piëch, Date of birth: 17 April 1937

4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.

5. Date on which threshold was crossed or reached:

08/11/2017

6. Total positions

% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1. + 7.b.2.)	Total of both % (7.a. + 7.b.)	Total number of voting rights of issuer
Resulting situation	0.00%	0.00%	0.00%	153,125,000
Previous notification	78.63%	n/a%	n/a%	/

7. Notified details of the resulting situation a. Voting rights attached to shares (Sec. 21, 22 WpHG)

ISIN	absolute	%
Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)	Direct (Sec. 21 WpHG)	Indirect (Sec. 22 WpHG)
DE000PAH0004	0	0	0.00%	0.00%
Total	0	0.00%

b.1. Instruments according to Sec. 25 (1) No. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights %
%
Total	%

b.2. Instruments according to Sec. 25 (1) No. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights %
%
Total	%

8. Information in relation to the person subject to the notification obligation:

X	Person subject to the notification obligation (3.) is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name

% of voting rights (if at least held 3% or more)

% of voting rights through instruments (if at least held 5% or more)

Total of both

(if at least held 5% or more)

9. In case of proxy voting according to Sec. 22 (1) Sentence 1 No. 6 WpHG

(only in case of attribution of voting rights pursuant to Sec. 22 (1) Sentence 1 No. 6 WpHG)

Date of annual general meeting:
Holding position after annual general meeting	% (equals voting rights)

10. Other notes:

This voting rights announcement was made at the same time with exempting effect for Dipl. Ing. Dr. h.c. Ferdinand K. Piech GmbH, Salzburg, and Ferdinand Karl Alpha Privatstiftung, Salzburg. As a result of Dipl. Ing. Dr. h.c. Ferdinand K. Piech GmbH, Salzburg, selling the investment in Auto 2015 Beteiligungs GmbH, Dipl. Ing. Dr. h.c. Ferdinand K. Piech GmbH, Salzburg, and Ferdinand Karl Alpha Privatstiftung, Salzburg, also no longer hold any attributed voting rights in Porsche Automobil Holding SE.

[21]Remuneration of the board of management and the supervisory board

The total remuneration of the active members of Porsche SE's board of management amount to €3,656 thousand (€2,576 thousand) in the fiscal year 2020.

Remuneration for former board of management members amount to €574 thousand (€32 thousand) in the reporting period. The provisions for post-employment benefits recognized for these former members amount to €3,568 thousand (€1,030 thousand) as of the reporting date.

The total remuneration of the supervisory board amounts to €1,150 thousand (€1,129 thousand) for the fiscal year 2020.

Individual information on the remuneration of the board of management and of the supervisory board of Porsche SE as well as a breakdown into individual components are contained in the remuneration report which is included in the combined management report for the group and for Porsche SE.

[22]Auditor's fees

The total auditor's fees billed for the fiscal year have been disclosed in the notes to the consolidated financial statements of Porsche SE.

With regard to Porsche SE, the total fees stated there relate to audit services in connection with the statutory audit of the separate financial statements and consolidated financial statements as well as the review of the interim consolidated financial statements of Porsche SE.

[23]Subsequent events

On 26 January 2021, the boards of management of MAN SE and MAN Truck & Bus SE and the employee representatives signed an agreement covering the key points of a comprehensive realignment of MAN Truck & Bus SE. The agreement reached concerns the restructuring of all areas of the MAN Truck & Bus business.

The planned measures include a restructuring of the development and production network with a strong focus on future technologies as well as around 3,500 job cuts in Germany by the end of 2022 across all business divisions. In total, the restructuring measures (including the measures in connection with the production network, which are still to be resolved) are currently expected to cost an amount in the high triple-digit millions spread over the entire restructuring period. The vast majority of the expenses will be for personnel measures.

The shareholders of the US truck manufacturer Navistar approved the takeover by TRATON at their annual general meeting on 2 March 2021. Under this agreement, TRATON will acquire all outstanding shares in

Navistar not already owned by TRATON in return for cash payment at a price of US$44.50 per share

(total: approximately US$3.7 billion). The transaction is still subject to regulatory approval. Navistar continues to assume that the takeover will be completed mid-2021.

With the exception of the developments presented in note [19] "Contingent Liabilities" in the section "Litigation", there were no other reportable events after the reporting date.




Porsche Beteiligung GmbH, Stuttgart	100.00	-
Porsche Zweite Beteiligung GmbH, Stuttgart	100.00	-
Porsche Dritte Beteiligung GmbH, Stuttgart	100.00	-
Porsche Vierte Beteiligung GmbH, Stuttgart	100.00	-
PTV Group
DDS Digital Data Services GmbH, Karlsruhe	-	100.00
PTV Planung Transport Verkehr AG, Karlsruhe	EUR	-	100.00
PTV Transport Consult GmbH, Karlsruhe	EUR	-	100.00
TransportTechnologie-Consult Karlsruhe
GmbH (TTK), Karlsruhe	EUR	-	51.00
Volkswagen Group
VOLKSWAGEN AG, Wolfsburg	EUR	31.42	-
A4nXT GmbH, Ingolstadt	EUR	-	100.00
ARTEMIS GmbH, Wolfsburg	EUR	-	100.00
ASB Autohaus Berlin GmbH, Berlin	EUR	-	100.00
AUDI AG, Ingolstadt	EUR	-	100.00
Audi Berlin GmbH, Berlin	EUR	-	100.00
Audi Business Innovation GmbH, Ingolstadt	EUR	-	100.00
Audi e-gas Betreibergesellschaft mbH,
Ingolstadt	EUR	-	100.00
Audi Events und Services GmbH, Ingolstadt	EUR	-	100.00
Audi Frankfurt GmbH, Frankfurt am Main	EUR	-	100.00
Audi Hamburg GmbH, Hamburg	EUR	-	100.00
Audi Hannover GmbH, Hanover	EUR	-	100.00
AUDI Immobilien GmbH & Co. KG, Ingolstadt	EUR	-	100.00
AUDI Immobilien Verwaltung GmbH,
Ingolstadt	EUR	-	100.00
Audi Industriegas GmbH, Ingolstadt	EUR	-	100.00
Audi Interaction GmbH, Potsdam	EUR	-	100.00
Audi Leipzig GmbH, Leipzig	EUR	-	100.00
Audi München GmbH, Munich	EUR	-	100.00
Audi Neckarsulm Immobilien GmbH,
Neckarsulm	EUR	-	100.00
Audi Planung GmbH, Ingolstadt	EUR	-	100.00
Audi Real Estate GmbH, Ingolstadt	EUR	-	100.00



31/12/2020	Total

100.00
100.00
100.00
100.00
100.00
100.00
100.00
51.00
31.42
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

[24]

Name and registered offices

Affiliated companies - Germany

List of shareholdings

Currency

direct indirectEUR EUR EUR

EUR

EURFX rate (Euro 1=)

73
Share in capital	Equity
of Porsche SE	in thousands
%
Local	Year
currency	currency	note
42,786	-	1)	2020
315,025	-	1)	2020
23,024	-	1)	2020
24	-	1)	2020
- 544	- 631	11)	2020
33,081	2,303	11)	2020
4,103	915	11)	2020
1,369	192	11)	2020
39,548,936	6,338,309	2020
-	-	4) 6)	2020
25	-	1) 4)	2019
17,736	1,464	2019
13,701,699	-	1)	2019
9,971	-	1)	2019
13,300	-	1)	2020
875	-	1)	2020
3,379	-	1)	2020
8,477	-	1)	2019
13,425	-	1)	2019
16,621	-	1)	2019
73,424	- 9,046	2020
128,898	572	2020
471	-	1)	2020
1,244	-	1)	2020
9,525	-	1)	2019
270	-	1)	2019
- 1,521	- 12,312	2019
793	-	1)	2020
13,914	4,055	2020
79

Profit in thousandsLocal Foot-

FX rate (Euro 1=)Share in capitalEquityof Porsche SE in thousands %

Profit in thousandsCurrency

31/12/2020

direct indirectTotalLocal currencyYearName and registered offices

currencynoteAudi Sport Formel E GmbH, Ingolstadt Audi Sport GmbH, Neckarsulm

EUR EUR EUR EUR EUR EUR EUR

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

100.00

4,700

680 - 2 - - - -

2019

Audi Stiftung für Umwelt GmbH, Ingolstadt Audi Stuttgart GmbH, Stuttgart

100.00

5,011

100

2020 2019

Auto & Service PIA GmbH, Munich Auto Union GmbH, Ingolstadt Autohaus Gawe GmbH, Berlin Automotive Safety Technologies GmbH, Gaimersheim

EUR EUR

100.00

75.50 100.00 100.00 100.00

100.00

75.50 100.00 100.00 100.00

100.00

19,895

6,677

8,181

5,845 50

307

- 266 - 2

1) 1) 1) 1)

2019 2019 2020 2019 2019

Autostadt GmbH, Wolfsburg

B. + V. Grundstücks- Verwaltungs- und Verwertungs-GmbH, Koblenz

B. + V. Grundstücksverwertungs-GmbH & Co. KG, Koblenz

EUR

8,360

110

2,781

2019 2019 2019

Bentley Motors Germany GmbH, Hallbergmoos

Bugatti Engineering GmbH, Wolfsburg carmobility GmbH, Braunschweig Cetitec GmbH, Pforzheim diconium 42 GmbH, Stuttgart diconium data GmbH, Stuttgart diconium digital GmbH, Stuttgart diconium digital solutions GmbH, Stuttgart diconium GmbH, Stuttgart diconium strategy GmbH, Stuttgart Dr. Ing. h.c. F. Porsche AG, Stuttgart Ducati Motor Deutschland GmbH, Cologne Eberhardt Kraftfahrzeug GmbH & Co. KG, Ulm Eberhardt Verwaltungsgesellschaft mbH, Ulm Embitel GmbH, Stuttgart

EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR

100.00

75.00

100.00

75.00

10,396

3,294 -

-- - - 2,169 - 39 - 2,379 48 404 - 925 1,455 0 - 71 -

4) 14)

1) 1)

2019 2019 2020 2019

100.00

4) 6)

2020

100.00

- 670 -

2019

100.00

2019

100.00

10,708

2019

100.00

313

2019

100.00

1,631

2019

100.00

13,825,232

2020

100.00

13,547

2019

98.59

512

2019

100.00

2019

100.00

133

2019

EURO-Leasing GmbH, Sittensen GETAS Verwaltung GmbH & Co. Objekt Augsburg KG, Pullach i. Isartal

100.00 100.00 100.00 100.00 100.00 100.00

23,284

GETAS Verwaltung GmbH & Co. Objekt Ausbildungszentrum KG, Pullach i. Isartal GETAS Verwaltung GmbH & Co. Objekt Heinrich-von-Buz-Straße KG, Pullach i. Isartal GETAS Verwaltung GmbH & Co. Objekt Verwaltung Nürnberg KG, Pullach i. Isartal Groupe Volkswagen France Grundstücksgesellschaft mbH, Wolfsburg

EUR

- 591

70 26

- 227
-
- 188

1,261

2020 2019 2019 2019 2019 2019

Name and registered officesHABAMO Verwaltung GmbH & Co. Objekt Sterkrade KG, Pullach i. Isartal

Haberl Beteiligungs-GmbH, Munich Held & Ströhle GmbH & Co. KG, Ulm Held & Ströhle GmbH, Neu-Ulm Initium GmbH, Berlin

Italdesign-Giugiaro Deutschland GmbH, Wolfsburg

KOSIGA GmbH & Co. KG, Pullach i. Isartal LoadFox GmbH, Munich

LogPay Financial Services GmbH, Eschborn LogPay Mobility Services GmbH, Eschborn LogPay Transport Services GmbH, Eschborn M A N Verwaltungs-Gesellschaft mbH, Munich MAHAG Automobilhandel und Service GmbH & Co. oHG, Munich

MAHAG GmbH, Munich

MAHAG Sportwagen Zentrum Albrechtstraße GmbH, Munich

MAHAG Verwaltungs GmbH, Munich MAN Energy Solutions SE, Augsburg MAN GHH Immobilien GmbH, Oberhausen MAN Grundstücksgesellschaft mbH & Co. Epsilon KG, Munich

MAN Grundstücksgesellschaft mbH & Co. Gamma KG, Munich

MAN HR Services GmbH, Munich MAN Marken GmbH, Munich

MAN Personal Services GmbH, Dachau MAN SE, Munich

MAN Service und Support GmbH, Munich MAN Truck & Bus Deutschland GmbH, Munich

MAN Truck & Bus SE, Munich Manthey Racing GmbH, Meuspath Manthey Servicezentrum GmbH, Meuspath MAN-Unterstützungskasse GmbH, Munich MHP Management- und IT-Beratung GmbH, Ludwigsburg

MMI Marketing Management Institut GmbH, Braunschweig

Currency

EUR

75
Equity
in thousands
Total	Local	Year
currency	currency	note
-	100.00	100.00	17,509	5,309	2019
-	100.00	100.00	16,174	-	1)	2019
-	70.30	70.30	2,915	4,268	2019
-	70.30	70.30	139	4	2019
4) 6)
-	100.00	100.00	-	-	12)	2020
-	100.00	100.00	1,299	101	2020
-	94.00	94.00	36,756	1,068	2019
-	100.00	100.00	-	- 3,083	2019
-	100.00	100.00	12,674	-	1) 12)	2020
-	100.00	100.00	20	-	2019
-	100.00	100.00	3,312	1,265	2019
EUR	-	100.00	100.00	1,039	-	1)	2020
EUR	-	100.00	100.00	131,146	34,905	2019
EUR	-	100.00	100.00	119,063	-	1)	2019
EUR	-	100.00	100.00	100	-	1)	2019
EUR	-	100.00	100.00	25	0	2019
EUR	-	100.00	100.00	699,650	-	1)	2020
EUR	-	100.00	100.00	44,668	-	1) 13)	2020
EUR	-	100.00	100.00	623	304	2019
EUR	-	100.00	100.00	2,880	53	2019
EUR	-	100.00	100.00	50	-	1)	2019
EUR	-	100.00	100.00	21	- 1	2019
EUR	-	100.00	100.00	25	-	1)	2019
EUR	-	94.36	94.36	2,467,084	35,052	2020
EUR	-	100.00	100.00	25	-	1)	2020
EUR	-	100.00	100.00	130,934	-	1)	2020
EUR	-	100.00	100.00	563,488	-	1)	2020
EUR	-	51.00	51.00	4,171	583	2019
EUR	-	100.00	100.00	11	228	2019
EUR	-	100.00	100.00	517	- 76	2019
EUR	-	81.80	81.80	95,379	66,212	2019
EUR	-	100.00	100.00	512	-	1)	2019
81

FX rate (Euro 1=)

31/12/2020

Share in capital of Porsche SE %

direct indirectProfit in thousands

Equity
in thousands
Currency	Total	Local	Year
Name and registered offices	currency	currency	note
MOIA GmbH, Berlin	EUR	-	100.00	100.00	39	-	1)	2019
MOIA Operations Germany GmbH, Hanover	EUR	-	100.00	100.00	25	-	1)	2019
Neocx GmbH, Dresden	EUR	-	100.00	100.00	-	-	4) 6)	2020
-	100.00	100.00	-	-	4) 6)	2020
-	25.65	25.65	- 3,467	- 2,732	2019
-	100.00	100.00	50	-	1)	2020
-	100.00	100.00	1,336	387	2019
-	100.00	100.00	22	- 1	2019
-	100.00	100.00	79,232	1,077	2019
-	100.00	100.00	459,224	35	2019
-	100.00	100.00	10,823	74	2019
-	100.00	100.00	700	-	1)	2019
-	100.00	100.00	11,625	-	1)	2019
-	100.00	100.00	43	-	1)	2019
-	100.00	100.00	20,025	-	1)	2019
-	100.00	100.00	4,000	-	1)	2019
-	100.00	100.00	1,601	-	1)	2019
-	100.00	100.00	1,000	-	1)	2019
-	100.00	100.00	123,651	7,018	2019
-	100.00	100.00	26,608	-	1)	2019
-	100.00	100.00	99	4	2019
-	100.00	100.00	14,079,918	-	1)	2020
-	100.00	100.00	59,971	5,357	2019
-	100.00	100.00	45,807	- 446	4)	2019
-	100.00	100.00	2,500	-	1)	2019
-	100.00	100.00	- 5,637	- 3,713	2019
-	100.00	100.00	1,000	-	1)	2019
-	100.00	100.00	2,500	-	1)	2019
-	100.00	100.00	1,700	-	1)	2019

FX rate (Euro 1=)

Share in capital of Porsche SE %

Profit in thousands

31/12/2020

direct indirectNeocx Verwaltungsgesellschaft mbH, Dresden New Horizon GmbH, Berlin

NSU GmbH, Neckarsulm

EUR EUR EUR

Ortan Verwaltung GmbH & Co. Objekt Karlsfeld KG, Pullach i. Isartal

POFIN Beteiligungs GmbH, Freilassing POFIN Financial Services GmbH & Co. KG, Freilassing

EUR EUR

EUR

POFIN Financial Services Verwaltungs GmbH, Freilassing

PoHo Clearing GmbH, Freilassing Porsche Consulting GmbH, Bietigheim-Bissingen

EUR EUR

EUR

Porsche Deutschland GmbH, Bietigheim-Bissingen

Porsche Dienstleistungs GmbH, Stuttgart Porsche Digital GmbH, Stuttgart

Porsche Engineering Group GmbH, Weissach Porsche Engineering Services GmbH, Bietigheim-Bissingen

EUR EUR EUR EUR

EUR

Porsche Erste Beteiligungsgesellschaft mbH, Stuttgart

EUR

Porsche Financial Services GmbH & Co. KG, Bietigheim-Bissingen

EUR

Porsche Financial Services GmbH, Bietigheim-Bissingen

EUR

Porsche Financial Services Verwaltungsgesellschaft mbH, Bietigheim-Bissingen

Porsche Holding Stuttgart GmbH, Stuttgart Porsche Immobilien GmbH & Co. KG, Stuttgart

EUR EUR

Porsche Investments GmbH, Stuttgart Porsche Leipzig GmbH, Leipzig

EUR EUR EUR

Porsche Lizenz- und Handelsgesellschaft mbH & Co. KG, Ludwigsburg

Porsche Logistik GmbH, Stuttgart

Porsche Niederlassung Berlin GmbH, Berlin Porsche Niederlassung Berlin-Potsdam GmbH, Kleinmachnow

EUR EUR EUR

EURCurrencyName and registered officesPorsche Niederlassung Hamburg GmbH, Hamburg

Porsche Niederlassung Leipzig GmbH, Leipzig Porsche Niederlassung Mannheim GmbH, Bietigheim-Bissingen

Porsche Niederlassung Stuttgart GmbH, Stuttgart

Porsche Nordamerika Holding GmbH, Ludwigsburg

Porsche Siebte Vermögensverwaltung GmbH, Wolfsburg

Porsche Smart Mobility GmbH, Stuttgart Porsche Verwaltungsgesellschaft mit beschränkter Haftung, Ludwigsburg Porsche Werkzeugbau GmbH, Stuttgart Porsche Zentrum Hoppegarten GmbH, Stuttgart

PSW automotive engineering GmbH, Gaimersheim quattro GmbH, Neckarsulm Rent-X GmbH, Braunschweig

Scania CV Deutschland Holding GmbH, Koblenz

SCANIA DEUTSCHLAND GmbH, Koblenz Scania Finance Deutschland GmbH, Koblenz SCANIA Real Estate Deutschland GmbH, Koblenz

SCANIA Real Estate Deutschland Holding GmbH, Koblenz

Scania Versicherungsvermittlung GmbH, Koblenz

SCANIA Vertrieb und Service GmbH, Koblenz Schwaba GmbH, Augsburg

SEAT Deutschland GmbH, Weiterstadt SEAT Deutschland Niederlassung GmbH, Frankfurt am Main serva GmbH, Stuttgart

SITECH Sitztechnik GmbH, Wolfsburg SKODA AUTO Deutschland GmbH, Weiterstadt

Sportwagen GmbH Donautal, Ulm sunhill technologies GmbH, Erlangen

77
Equity
in thousands
Total	Local	Year
currency	currency	note
-	100.00	100.00	2,000	-	1)	2019
EUR	-	100.00	100.00	500	-	1)	2019
EUR	-	100.00	100.00	1,000	-	1) 5)	2019
EUR	-	100.00	100.00	2,500	-	1)	2019
EUR	-	100.00	100.00	58,311	-	1)	2019
EUR	-	100.00	100.00	638,937	-	1)	2019
EUR	-	100.00	100.00	2,123	-	1)	2019
EUR	-	100.00	100.00	40	1	2019
EUR	-	100.00	100.00	35,018	1,186	2019
EUR	-	100.00	100.00	2,556	-	1)	2019
EUR	-	100.00	100.00	31,005	1,738	2019
EUR	-	100.00	100.00	25	-	1)	2020
EUR	-	100.00	100.00	33,024	-	1)	2020
EUR	-	100.00	100.00	105,562	38,827	2019
EUR	-	100.00	100.00	36,625	-	1)	2019
EUR	-	100.00	100.00	73,802	9,406	2019
EUR	-	100.00	100.00	4,925	1,035	2019
EUR	-	100.00	100.00	12,615	2,340	2019
EUR	-	100.00	100.00	720	2,336	2019
EUR	-	100.00	100.00	9,463	-	1)	2019
EUR	-	100.00	100.00	19,790	-	1)	2019
EUR	-	100.00	100.00	111,650	30,892	2019
EUR	-	100.00	100.00	325	-	1)	2019
EUR	-	100.00	100.00	-	-	4) 7)	2020
EUR	-	100.00	100.00	68,767	- 5,101	2019
EUR	-	100.00	100.00	24,119	-	1)	2019
EUR	-	100.00	100.00	3,105	-	1)	2019
EUR	-	100.00	100.00	-	- 12,602	2019
83

FX rate (Euro 1=)

31/12/2020

EURShare in capital of Porsche SE %

direct indirectProfit in thousands

FX rate (Euro 1=)Share in capitalEquityof Porsche SE in thousands %

Profit in thousandsCurrency

31/12/2020

direct indirectTotalLocal currencyYearName and registered offices

currencynoteSZM Sportwagen Zentrum München GmbH, Munich

TARONA Verwaltung GmbH & Co. Alpha KG, Pullach i. Isartal

EUR EUR EUR

EUR

- - - - - - - - - - - -

100.00 100.00 100.00 100.00 100.00 89.72 100.00

19,157

5,124 25 -

312 - -

-1)

2019 2019

TB Digital Services GmbH, Munich tcu Turbo Charger GmbH, Augsburg TORINU Verwaltung GmbH & Co. Beta KG, Pullach i. Isartal

TRATON SE, Munich

EUR EUR EUR

18,100 20,749,082 100

259 - 146,231 - - - - - -

1) 1) 5)

2019 2019 2019 2020

UMI Urban Mobility International GmbH, Berlin Vehicle Trading International (VTI) GmbH, Braunschweig

2019

EUR EUR EUR EUR EUR

100.00

2,763

2020

VfL Wolfsburg-Fußball GmbH, Wolfsburg VGRB GmbH, Berlin

100.00

30,973 -

1) 3)

2019

100.00

4) 6)

2020

VGRD GmbH, Wolfsburg VGRHH GmbH, Hamburg Volim Volkswagen Immobilien Vermietgesellschaft für VW-/Audi-Händlerbetriebe mbH, Braunschweig Volkswagen AirService GmbH, Braunschweig VOLKSWAGEN AUDI China Dienstleistungen Beteiligungs GmbH, Wolfsburg

100.00

282,939

2019

100.00

153

1) 8)

2019

EUR EUR

- - - - - - - - - - - - - -

100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

73 20,883

26 100

- 16 - - - - - -

- -1) 1)

2020 2019 2019

Volkswagen Automobile Berlin GmbH, Berlin Volkswagen Automobile Chemnitz GmbH, Chemnitz

Volkswagen Automobile Frankfurt GmbH, Frankfurt am Main

Volkswagen Automobile Hamburg GmbH, Hamburg

Volkswagen Automobile Hannover GmbH, Hanover

VOLKSWAGEN Automobile Leipzig GmbH, Leipzig

Volkswagen Automobile Potsdam GmbH, Potsdam

EUR

35,371 20,359 13,805

6,439 9,986

3,330 7,525

202

2019 2019 2019 2019 2019 2019 2019

Volkswagen Automobile Region Hannover GmbH, Hanover

Volkswagen Automobile Rhein-Neckar GmbH, Mannheim

Volkswagen Automobile Stuttgart GmbH, Stuttgart

Volkswagen Bank GmbH, Braunschweig

EUR EUR

EUR

5,725 8,841,565

12,213

- - - -

1) 1)

2019 2019 2019 2020

Name and registered officesVolkswagen Beteiligungsverwaltung GmbH, Wolfsburg

VOLKSWAGEN CAR.SW ORG 42. Beteiligungs GmbH, Wolfsburg VOLKSWAGEN CAR.SW ORG 73. Bildverarbeitungsentwicklungs AG & Co. KG, Wolfsburg

Volkswagen car.SW Org Wolfsburg AG, Wolfsburg

Volkswagen Deutschland GmbH & Co. KG, Wolfsburg

Volkswagen Deutschland Verwaltungs GmbH, Wolfsburg

Volkswagen Dritte Leasingobjekt GmbH, Braunschweig

Volkswagen Erste Leasingobjekt GmbH, Braunschweig

VOLKSWAGEN FINANCIAL SERVICES AG, Braunschweig

Volkswagen Financial Services Digital Solutions GmbH, Braunschweig Volkswagen Fünfte Leasingobjekt GmbH, Braunschweig

Volkswagen Gebrauchtfahrzeughandels und Service GmbH, Langenhagen

Volkswagen Group Charging GmbH, Berlin Volkswagen Group Future Center Europe GmbH, Potsdam

Volkswagen Group Info Services AG, Wolfsburg

Volkswagen Group IT Services GmbH, Wolfsburg

Volkswagen Group Logistics GmbH, Wolfsburg

Volkswagen Group Partner Services GmbH, Wolfsburg

Volkswagen Group Real Estate GmbH & Co. KG, Wolfsburg

Volkswagen Group Services GmbH, Wolfsburg

Volkswagen Immobilien GmbH, Wolfsburg Volkswagen Infotainment GmbH, Wolfsburg Volkswagen Insurance Brokers GmbH, Braunschweig

Currency

EUR

79
Equity
in thousands
Total	Local	Year
currency	currency	note
-	100.00	100.00	200	-	1)	2019
-	100.00	100.00	-	-	4) 6)	2020
-	100.00	100.00	-	-	4) 6)	2020
1) 4)
-	100.00	100.00	1,000	-	13)	2019
-	100.00	100.00	-	-	4) 6)	2020
EUR	-	100.00	100.00	74	-1	1) 8)	2018
EUR	-	100.00	100.00	25	-	1)	2019
EUR	-	100.00	100.00	25	-	1)	2019
EUR	-	100.00	100.00	3,758,666	-	1)	2020
EUR	-	100.00	100.00	77,147	22,642	2019
EUR	-	100.00	100.00	25	-	1)	2019
EUR	-	100.00	100.00	603	-	1)	2019
EUR	-	100.00	100.00	100	-	1)	2019
EUR	-	100.00	100.00	2,521	-	1)	2019
EUR	-	100.00	100.00	11,100	-	1) 4)	2019
EUR	-	100.00	100.00	200	-	1)	2019
EUR	-	100.00	100.00	3,064	400	2019
EUR	-	100.00	100.00	144	-	1)	2019
EUR	-	100.00	100.00	370,370	17,314	2019
EUR	-	100.00	100.00	37,630	-	1)	2019
EUR	-	100.00	100.00	175,169	-	1)	2019
EUR	-	100.00	100.00	25	-	1)	2019
EUR	-	100.00	100.00	54,829	-	1)	2020
85

FX rate (Euro 1=)

Share in capital of Porsche SE %

31/12/2020

direct indirectProfit in thousands

FX rate (Euro 1=)Share in capitalEquityof Porsche SE in thousands %

Profit in thousandsCurrency

31/12/2020

direct indirectTotalLocal currencyYearName and registered offices

currencynoteVolkswagen Konzernlogistik GmbH & Co. OHG, Wolfsburg

Volkswagen Leasing GmbH, Braunschweig Volkswagen Motorsport GmbH, Hanover Volkswagen Original Teile Logistik Beteiligungs-GmbH, Baunatal

EUR EUR EUR

EUR

- - - - - - - - - - - - - - - - - - - - - -

53.60 54.75 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00

53.60 54.75 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00

511 270,712 3,138

309,975 - - 0

Volkswagen Original Teile Logistik GmbH & Co. KG, Baunatal

EUR EUR EUR

50,296 10,511 5,761

33,041 - - 734

1) 13)

2020 2019 2019 2019

Volkswagen Osnabrück GmbH, Osnabrück Volkswagen Payment Systems GmbH, Munich Volkswagen Retail Dienstleistungsgesellschaft mbH, Berlin

Volkswagen Sachsen GmbH, Zwickau Volkswagen Sechste Leasingobjekt GmbH, Braunschweig

Volkswagen Siebte Leasingobjekt GmbH, Braunschweig

Volkswagen Software Asset Management GmbH, Wolfsburg

Volkswagen Vermögensverwaltungs-GmbH, Wolfsburg

Volkswagen Versicherung AG, Braunschweig Volkswagen Vertriebsbetreuungsgesellschaft mbH, Chemnitz

Volkswagen Vierte Leasingobjekt GmbH, Braunschweig

Volkswagen Zubehör GmbH, Dreieich Volkswagen Zweite Leasingobjekt GmbH, Braunschweig

Volkswagen-Bildungsinstitut GmbH, Zwickau Volkswagen-Versicherungsdienst GmbH, Braunschweig

Voya GmbH, Hamburg

VW Kraftwerk GmbH, Wolfsburg Weser-Ems Vertriebsgesellschaft mbH, Bremen

ZENDA Dienstleistungen GmbH, Würzburg

EUR EUR

EUR

EUR EUR EUR

EUR

- -

81.25 100.00

2,300,025 97,055

259 672,503

54,369 - 219,914

17,567 4,233

25 8,969

100

25 256

805

25 25

4,770 172

- - - - - - - - - - - - - - -

1) 13)

1) 1)

1) 7) 1)

1) 1)

2019 2019 2019 2019 2019 2019 2020 2019 2019 2019 2019 2019 2020 2020 2019 2019 2019

Affiliated companies - other countriesPTV Group

Locatienet B.V., Utrecht

EUR

-92.20

92.20

- 4

- 162

11)

2020

Name and registered officesPTV Africa (Pty) Ltd., Johannesburg PTV America Holding Inc., Arlington, VA PTV America Inc., Arlington, VA

PTV América Latina, S.A. de C.V., Mexico City PTV Asia-Pacific Pte, Ltd., Singapore

PTV Asia-Pacific Pty, Ltd., Sydney PTV Austria Planung Transport Verkehr GmbH, Vienna

PTV België B.V.B.A., Mechelen PTV CEE Sp. z o.o., Warsaw

PTV Distribution Planning Software Ltd., Halesowen

PTV do Brasil Ltda., São Paulo PTV France SAS, Paris

PTV Italia Logistics S.r.l., Perugia PTV Japan Ltd., Tokyo

PTV MENA Region DMCC, Dubai PTV MENA Region W.L.L., Doha

PTV MENA Region Transport Technology Solution L.L.C, Abu Dhabi

PTV Nederland B.V., Utrecht PTV Nordics AB, Gothenburg

PTV Software Technology (Shanghai) Co., Ltd., Shanghai

PTV Traffic Technology (Shanghai) Co., Ltd., Shanghai

PTV Traffic and Transportation Software, S.L., Barcelona

PTV Transworld Holding B.V., Utrecht PTV UK Ltd., Halesowen

PTV UK Holding Ltd., Halesowen SISTeMA - Soluzioni per l´Ingegneria dei Sistemi di Trasporto e l´infoMobilitA' S.r.l., Rome

Volkswagen Group

A4EX, LLC, Herndon, VA

AB Dure, Södertälje
AB Folkvagn, Södertälje
AB Scania-Vabis, Södertälje

Adaptis Solutions Ltd., Hatfield

Currency

ZAR

USD


FX rate
(Euro 1=)
31/12/2020	Total

18.0152	-	100.00	100.00
1.2276	-	100.00	100.00
1.2276	-	100.00	100.00
MXN	24.4115	-	100.00	100.00
SGD	1.6221	-	100.00	100.00
AUD	1.5861	-	100.00	100.00
EUR	-	100.00	100.00
EUR	-	99.90	99.90
PLN	4.5562	-	100.00	100.00
GBP	0.8993	-	100.00	100.00
BRL	6.3756	-	100.00	100.00
EUR	-	100.00	100.00
EUR	-	100.00	100.00
JPY	126.5100	-	100.00	100.00
AED	4.5092	-	100.00	100.00
QAR	4.4695	-	49.00	49.00
AED	4.5092	-	49.00	49.00
EUR	-	100.00	100.00
SEK	10.0247	-	100.00	100.00
CNY	8.0290	-	100.00	100.00
CNY	8.0290	-	100.00	100.00
EUR	-	100.00	100.00
EUR	-	100.00	100.00
GBP	0.8993	-	100.00	100.00
GBP	0.8993	-	100.00	100.00
EUR	-	98.00	98.00
USD	1.2276	-	100.00	100.00
SEK	10.0247	-	100.00	100.00
SEK	10.0247	-	100.00	100.00
SEK	10.0247	-	100.00	100.00
GBP	0.8993	-	100.00	100.00

direct indirect

81
Share in capital	Equity
of Porsche SE	in thousands
%
Local	Year
currency	currency	note
2,514	592	11)	2020
- 2,509	- 41	11)	2020
- 3,543	- 473	11)	2020
- 13,202	- 3,826	11)	2020
2,259	505	11)	2020
- 1,223	- 169	11)	2020
534	369	11)	2020
71	3	11)	2020
2,232	1,276	11)	2020
64	102	11)	2020
- 553	- 425	11)	2020
2,649	874	11)	2020
1,042	441	11)	2020
3,429	18,095	11)	2020
- 18,434	2,313	11)	2020
- 880	- 5,546	11)	2020
- 460	-7	2) 11)	2020
2,159	1,656	11)	2020
5,291	2,060	11)	2020
4,799	- 134	11)	2020
1,731	- 185	11)	2020
- 11	57	11)	2020
297	- 6	11)	2020
1,006	558	11)	2020
680	339	11)	2020
1,021	613	11)	2020
13,084	304	2019
1,440	-	5)	2019
100	-	5)	2019
100	-	5)	2019
508	342	2019
87

Profit in thousands

FX rate (Euro 1=)Share in capitalEquityof Porsche SE in thousands %

Profit in thousandsCurrency

31/12/2020

direct indirectTotalLocal currencyYearName and registered offices

currencynoteAdministración de Prestaciones Colectivas, S.C., Puebla

AFN Ltd., Reading Ainax AB, Södertälje

Aktiebolaget Tönseth & Co, Stockholm Alizé Automobiles S.A.R.L., Aubière Allmobil GmbH, Salzburg

MXN GBP SEK SEK EUR EUR

24.4115 0.8993 10.0247 10.0247

- - - - - -

100.00

13,803

805

120

711

- - - 332 117 - 981

5) 5)

2019

Apolo Administradora de Bens S/S Ltda., São Bernardo do Campo

ARAC GmbH, Salzburg

BRL EUR

6.3756

- -100.00 100.00

100.00 100.00

- 2,977

- - 434

Audi (China) Enterprise Management Co., Ltd., Beijing

Audi Australia Pty. Ltd., Zetland

Audi Australia Retail Operations Pty. Ltd., Zetland

CNY AUD

AUD EUR CAD

8.0290 1.5861 1.5861

- - - -100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00

2,136,972 188,101

5,043 609,997

262,943 18,995

- 705 22,682

2019 2019 2019

Audi Brussels S.A./N.V., Brussels Audi Canada, Inc., Ajax, ON

13)

2020

Audi do Brasil Indústria e Comércio de Veículos Ltda., São Paulo

Audi Hungaria Zrt., Györ Audi Japan K.K., Tokyo

BRL EUR JPY JPY EUR USD USD MXN SGD EUR KRW USD TWD EUR EUR EUR

1.5628 6.3756

- - -100.00 100.00 100.00

100.00 100.00 100.00

349,323 7,673,850

189,187

- 1,429 499,119

17,560

2019 2019 2020

Audi Japan Sales K.K., Tokyo Audi Luxemburg S.A., Strassen

126.5100 126.5100

- - -100.00 100.00 100.00

100.00 100.00 100.00

18,627,315 1,102,815 641,170

- 5,645,479 - 1,141,954 64,176

2019 2019 2019

Audi México S.A. de C.V., San José Chiapa Audi of America, LLC, Herndon, VA

1.2276 1.2276 24.4115 1.6221

- - - - -

100.00

1,595,986

35,258

11) 11)

2020

100.00

667,349

84,693

2019

Audi Regional Office S.A. de C.V., Puebla Audi Singapore Pte. Ltd., Singapore Audi Tooling Barcelona, S.L., Martorell Audi Volkswagen Korea Ltd., Seoul

100.00

52,926

2,754

2019

100.00

34,265

8,768

2019

100.00

46,252

4,508

2019

1,336.2100 1.2276 34.4845

- - - - - - - - - - -

100.00

100.00 199,379,370

1,535,145

2019

Audi Volkswagen Middle East FZE, Dubai Audi Volkswagen Taiwan Co., Ltd., Taipei Auto Expo Avion Premium S.A.S., Avion Auto Expo Avion S.A.S., Avion

100.00

120,261

8,467

2019

100.00

3,294,222

211,810

2019

100.00

1,833

- 23

2019

100.00

5,890

- 118

2019

Auto Expo Béthune S.A.R.L., Béthune

Auto Expo Bruay Premium S.A.S., Bruay-la-Buissière

Auto Expo Bruay S.A.S., Bruay-la-Buissière Auto Expo Dunkerque Premium S.A.R.L., Dunkirk

100.00 100.00 100.00 100.00 100.00 100.00

644

Auto Expo Dunkerque S.A.S., Dunkirk Auto Expo Hazebrouck Premium S.A.S., Hazebrouck

EUR EUR

EUR

1,545 4,648 2,091 3,081 2,244

242

320

- 144

- 147

147

2019 2019 2019 2019 2019 2019

Name and registered officesAuto Expo Hazebrouck S.A.S., Hazebrouck Auto Expo Holding S.A.S., Hazebrouck Auto Expo Montigny S.A.R.L., Montigny-en-Gohelle

Auto Expo Villeneuve d'Ascq S.A.S., Villeneuve d'Ascq

Auto Garage de l' Ouest S.A.S., Orvault Autohaus Robert Stipschitz GmbH, Salzburg Automobiles Villers Services S.A.S., Villers-Cotterêts

Automobili Lamborghini America, LLC, Herndon, VA

Automobili Lamborghini S.p.A., Sant'Agata Bolognese

Automotors Toul S.A.R.L., Dommartin-les-Toul

A-Vision People, Empresa de trabalho temporário, unipessoal, Lda., Quinta do Anjo Axone Automobiles S.A.S., Paris

Banco Volkswagen S.A., São Paulo Beech's Garage (1983) Ltd., Belper Beetle BC Holdings, Inc., Vancouver, BC Beijing Binjie Automobile Sales & Service Co., Ltd., Beijing

Beijing Junbaohang Automobile Sales and Service Co., Ltd., Beijing

Beijing Junbaojie Automobile Sales & Service Co., Ltd., Beijing

Beijing Junbaojie Automobile Trade Co., Ltd., Beijing

Bentley Insurance Services Ltd., Crewe Bentley Motor Cars Export Ltd., Crewe Bentley Motor Cars, Inc., Boston, MA Bentley Motor Export Services Ltd., Crewe Bentley Motors Canada Ltd./Ltee., Montreal, QC

Bentley Motors FZE, Dubai Bentley Motors Ltd., Crewe Bentley Motors, Inc., Boston, MA Bikes Vertriebs GmbH, Salzburg

Bil Fastigheter i Sverige AB, Stockholm Bilfastighet i Täby AB, Stockholm

Currency

EUR

USD

EUR

BRL

GBP

CAD

83
FX rate	Equity
(Euro 1=)	in thousands
31/12/2020	Total	Local	Year
currency	currency	note
-	100.00	100.00	7,802	64	2019
-	100.00	100.00	18,888	260	2019
-	100.00	100.00	350	- 68	2019
-	100.00	100.00	5,360	916	2019
-	100.00	100.00	5,910	551	2019
-	100.00	100.00	11,113	259	2019
-	100.00	100.00	1,694	429	2019
1.2276	-	100.00	100.00	20,591	5,367	11)	2020
-	100.00	100.00	2,786,638	221,238	2019
-	100.00	100.00	- 22	69	2019
-	100.00	100.00	1,148	197	2019
-	100.00	100.00	- 1,403	- 222	2019
6.3756	-	100.00	100.00	2,627,089	635,950	2019
0.8993	-	100.00	100.00	-	-	7)	2020
1.5628	-	100.00	100.00	4,136	136	2019
CNY	8.0290	-	100.00	100.00	27,020	- 6,580	4)	2019
CNY	8.0290	-	100.00	100.00	86,355	- 13,997	2019
CNY	8.0290	-	100.00	100.00	58,881	- 54,272	2019
CNY	8.0290	-	100.00	100.00	44,858	2,681	2019
GBP	0.8993	-	100.00	100.00	221	-	5)	2018
GBP	0.8993	-	100.00	100.00	11	-	5)	2019
USD	1.2276	-	100.00	100.00	-	-	5)	2018
GBP	0.8993	-	100.00	100.00	45	-	5)	2018
CAD	1.5628	-	100.00	100.00	9,626	570	11)	2019
AED	4.5092	-	100.00	100.00	-	-	5)	2018
GBP	0.8993	-	100.00	100.00	- 1,025,054	- 363,594	2018
USD	1.2276	-	100.00	100.00	81,356	5,975	11)	2019
EUR	-	100.00	100.00	35	-	4)	2019
SEK	10.0247	-	100.00	100.00	1,109	-	2019
SEK	10.0247	-	100.00	100.00	1,292	1,125	2019
89

Share in capital of Porsche SE %

direct indirectProfit in thousands

FX rate (Euro 1=)Share in capitalEquityof Porsche SE in thousands %

Profit in thousandsCurrency

31/12/2020

direct indirectTotalLocal currencyYearName and registered offices

currencynoteBonaldi Motori S.p.A., Bozen Bonaldi Motorsport S.r.l., Bozen Bonaldi Tech S.p.A., Bozen

EUR EUR EUR EUR EUR USD

- - - - -

100.00

34,492

5,161

2019

100.00

100

100.00

8,284

1,232

Bugatti Automobiles S.A.S., Molsheim Bugatti International S.A., Luxembourg Cactus Flat, Inc., Santa Fe, NM car.software Estonia AS, Tallinn

100.00

35,476

4,200

100.00

- 7,161

3,733

1.2276

-100.00

100.00

2,008

- 125

3) 4)EUR

-100.00

100.00

2020

car.software Luxemburg S.A., Strassen Carlier Automobiles S.A.S., Lambres-lez-Douai

Carrosserie Philippe S.A.R.L., Villeneuve d'Ascq

Centrales Diesel Export S.A.S., Saint-Nazaire Centre Automobile de la Riviera Car S.A.S., Nice

Centro Porsche Padova S.r.l., Padua Centurion Truck & Bus (Pty) Ltd. t/a, Centurion Cetitec d.o.o., Cakovec

EUR EUR ZAR HRK USD

EUR EUREUR

EUR

- - - - - -100.00 100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00 100.00 100.00

288 1,333 3,810 2,927

1,883

-1,053 1,132

- 129

- 213

-4) 14)

2019 2019 2019 2019 2019 2019

Cetitec USA Inc., Dover, DE Changshu Jiejun Automobile Sales and Service Co., Ltd., Changshu

18.0152 7.5492 1.2276 8.0290 8.0290 8.0290 8.0290 10.0247

- - - - - - - - - - -70.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

70.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

10,305 3,397 76

- 5,027 3,377 - 101
2019 2019 2019
Changxing Junbaohang Automobile Sales and Service Co., Ltd., Huzhou
Changzhou Aobaohang Automobile Sales and Service Co., Ltd., Changzhou
Cixi Jiejun Automobile Sales and Service Co., Ltd., Cixi
CNC Factory AB, Värnamo
Codema Comercial e Importadora Ltda., Guarulhos
CNY
BRL GBP EUR CZK
CNY
CNY
CNY SEK
6.3756 0.8993
99.98 100.00 100.00
99.98 100.00 100.00
224,921 72 13,644
55,289
41,459 63,818 1,979
-20,310 - 84 - 3,622
- 8,835

18,854 39

- 711

-4) 6)

2019 2020 2019 2019 2019 2019

Connect Cashless Parking Ltd., Liverpool Connected Mobility Ventures, S.A., Martorell Connectivity Lab s.r.o., Prague

2019 2019

Consórcio Nacional Volkswagen - Administradora de Consórcio Ltda., São Paulo Crewe Genuine Ltd., Crewe

BRL GBP GBP

26.2390

6.3756 0.8993 0.8993

- - - - -100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00 100.00

628,101 546 0 -

41,904

90,546 - - -

2019 2019

Dalegrid Ltd., Reading

DASOF trgovsko in storitveno podjetje, d.o.o., Ljubljana

EUR USD DKK

5) 5)

2019 2019 2020

Dealerware, LLC, Austin, TX Dencop A/S, Copenhagen

1.2276 7.4405

- -100.00 100.00

100.00 100.00

- 3,294 3,161

919 138

2019 2019

Name and registered officesdiconium digital solutions, Unipessoal Lda., Lisbon diconium Marketing Consulting (Beijing) Co., Ltd., Beijing diconium US, Inc., Los Gatos, CA Diettert A31 S.A.S., Thionville Diettert Gassion S.A.S., Thionville

DigiLab Porsche Informatik GmbH, Salzburg Digiteq Automotive s.r.o., Prague

Din Bil Fastigheter Göteborg AB, Stockholm Din Bil Fastigheter Syd AB, Södertälje

Din Bil Helsingborg AB, Stockholm Din Bil Sverige AB, Stockholm

Domes Automobiles S.A.R.L., Roissy-en-France

Dorigoni S.p.A., Bozen

Ducati (Schweiz) AG, Feusisberg Ducati ANZ Pty. Ltd., Zetland Ducati Canada, Inc., Saint John, NB Ducati do Brasil Indústria e Comércio de Motocicletas Ltda., São Paulo

Ducati India Pvt. Ltd., New Delhi Ducati Japan K.K., Yokohama

Ducati Motor (Thailand) Co. Ltd., Amphur Pluakdaeng

Ducati Motor Holding S.p.A., Bologna Ducati Motors de Mexico S. de R.L. de C.V., Mexico City

Ducati North America, Inc., Sunnyvale, CA Ducati North Europe B.V., Zoeterwoude Ducati Powertrain (Thailand) Co. Ltd., Amphur Pluakdaeng

Ducati U.K. Ltd., Towcester

Ducati West Europe S.A.S., Colombes Dynamate AB, Södertälje

DynaMate IntraLog AB, Södertälje ELCA Engineering Company (Pty) Ltd., in liquidation, Vanderbijlpark

Electrify America, LLC, Herndon, VA Electrify Canada GP, Inc., Ajax, ON Electrify Canada L.P., Ajax, ON

Currency

EUR

CNY

USD

EUR

CZK

SEK

EUR

CHF

AUD

CAD

BRL

INR

JPY

THB

EUR

MXN

USD

EUR

85
FX rate	Equity
(Euro 1=)	in thousands
31/12/2020	Total	Local	Year
currency	currency	note
-	100.00	100.00	- 8	139	2019
8.0290	-	100.00	100.00	-	-	2019
1.2276	-	75.00	75.00	701	356	2019
-	100.00	100.00	-	-	7)	2020
-	100.00	100.00	-	-	7)	2020
-	100.00	100.00	205	5	2019
26.2390	-	100.00	100.00	103,831	69,676	2019
10.0247	-	100.00	100.00	15,207	539	2019
10.0247	-	100.00	100.00	8,895	1,421	2019
10.0247	-	100.00	100.00	14,897	286	2019
10.0247	-	100.00	100.00	1,264,624	258,387	2019
-	100.00	100.00	577	- 4	2019
-	100.00	100.00	18,210	1,433	2019
1.0811	-	100.00	100.00	2,762	225	2019
1.5861	-	100.00	100.00	-	-	4) 14)	2019
1.5628	-	100.00	100.00	826	295	2019
6.3756	-	100.00	100.00	30,410	- 1,527	2019
89.6900	-	100.00	100.00	566,740	23,102	3)	2020
126.5100	-	100.00	100.00	250,202	- 3,540	2019
36.7268	-	100.00	100.00	1,217,919	283,793	2019
-	100.00	100.00	748,036	57,699	2019
24.4115	-	100.00	100.00	8,155	121	2019
1.2276	-	100.00	100.00	34,985	2,184	2019
-	100.00	100.00	5,748	476	2019
THB	36.7268	-	100.00	100.00	3,269	- 1,731	4)	2019
GBP	0.8993	-	100.00	100.00	5,514	878	2019
EUR	-	100.00	100.00	9,175	1,049	2019
SEK	10.0247	-	100.00	100.00	3,987	- 410	2019
SEK	10.0247	-	100.00	100.00	100	-	5)	2019
EUR	-	100.00	100.00	-	-	2) 5)	2018
USD	1.2276	-	100.00	100.00	41,448	49,429	2019
CAD	1.5628	-	100.00	100.00	65	- 1	2019
CAD	1.5628	-	100.00	100.00	63,629	- 1,952	2019
91

Share in capital of Porsche SE %

direct indirectProfit in thousands

FX rate	Equity
(Euro 1=)	in thousands
Currency	31/12/2020	Total	Local	Year
Name and registered offices	currency	currency	note
Embitel Technologies India Pvt. Ltd.,
Bangalore	INR	89.6900	-	75.02	75.02	268,202	81,018	9)	2020
Embitel Technologies, Inc., Ann Arbor, MI	USD	1.2276	-	100.00	100.00	-	-	10)	2020
ERF (Holdings) plc, Swindon	GBP	0.8993	-	100.00	100.00	757	-	5)	2018
ERF Ltd., Swindon	GBP	0.8993	-	100.00	100.00	-	-	5)	2018
Erre Esse S.p.A., Bozen	EUR	-	100.00	100.00	-	-	7)	2020
Eurent Autovermietung Kft., Budapest	HUF	364.3300	-	100.00	100.00	1,149,823	52,588	2019
Eurocar Immobili Italia s.r.l., Bozen	EUR	-	100.00	100.00	18,997	422	2019
Eurocar Italia S.r.l., Bozen	EUR	-	100.00	100.00	88,004	3,614	2019
Euro-Leasing A/S, Padborg	DKK	7.4405	-	100.00	100.00	488	- 14,505	2019
Euro-Leasing Sp. z o.o., Kolbaskowo	PLN	4.5562	-	100.00	100.00	- 368	- 4,907	2019
Europeisk Biluthyrning AB, Stockholm	SEK	10.0247	-	100.00	100.00	39,285	3,197	2019
EVDAK TOV, Kiev	UAH	34.7826	-	100.00	100.00	196	- 67	2019
Exclusive Cars Vertriebs GmbH, Salzburg	EUR	-	100.00	100.00	5,426	1,045	2019
Exclusive Motors S.A.S., Paris	EUR	-	100.00	100.00	2,249	188	2019
Fastighet Kallebäck 2:4 i Göteborg AB,
Stockholm	SEK	10.0247	-	100.00	100.00	1,995	1,585	2019
Fastighets AB Hammarbyvagnen, Stockholm	SEK	10.0247	-	100.00	100.00	3,061	2,388	2019
Fastighets AB Kabisten 1, Stockholm	SEK	10.0247	-	100.00	100.00	1,437	1,228	2019
Fastighets AB Xalam, Stockholm	SEK	10.0247	-	100.00	100.00	13,880	1,167	2019
10.0247	-	100.00	100.00	18,561	- 26	2019
10.0247	-	100.00	100.00	53,051	-	2019
10.0247	-	100.00	100.00	42,070	-	2019
10.0247	-	100.00	100.00	78,383	- 2,657	2019
-	100.00	100.00	-	-	5)	2018
6.3756	-	100.00	100.00	46,215	11,828	2019
-	100.00	100.00	2,147	3	13)	2019
-	100.00	100.00	40	73	2019
-	100.00	100.00	7,496	713	2019
1.2276	-	100.00	100.00	2,381	209	2019
34.4845	-	100.00	100.00	1,221,807	364,880	2019
-	100.00	100.00	-	-	4) 6)	2020
4.4695	-	55.00	55.00	15,210	7,675	2019
0.8993	-	100.00	100.00	0	-	5)	2018
1.2276	-	100.00	100.00	-	-	10)	2019
8.0290	-	100.00	100.00	72,557	3,654	2019
8.0290	-	100.00	100.00	147,135	23,281	2019
8.0290	-	100.00	100.00	361,398	64,968	2019

Share in capital of Porsche SE %

Profit in thousandsdirect indirectFastighetsaktiebolaget Flygmotorn, Södertälje Fastighetsaktiebolaget Hjulnavet, Södertälje Fastighetsaktiebolaget Vindbron, Södertälje Ferruform AB, Luleå

Fifty Two Ltd., Stockport

Fleetzil Locações e Serviços Ltda., Curitiba FMP S.A.R.L., Roissy-en-France Fondazione Ducati, Bologna

Garage André Floc S.A.S., Cesson-Sévigné Green Solar Hill, Inc., Livingston, NJ

Griffin Automotive Ltd., Road Town Group Info Services Estonia AS, Tallinn Gulf Turbo Services LLC, Doha

H. J. Mulliner & Co. Ltd., Crewe Hamlin Services, LLC, Herndon, VA Hangzhou Jiejun Automobile Sales & Service Co., Ltd., Hangzhou

SEK SEK SEK SEK EUR BRL EUR EUR EUR USD TWD EUR QAR GBP USD

CNY

Hangzhou Jieshenghang Automobile Sales and Service Co., Ltd., Hangzhou Hangzhou Junbaohang Automobile Sales & Service Co., Ltd., Hangzhou

CNY

FX rate (Euro 1=)Share in capitalEquityof Porsche SE in thousands %

Profit in thousandsCurrency

31/12/2020

direct indirectTotalLocal currencyYearName and registered offices

currencynoteHangzhou Tongxie Binjie Automobile Sales and Service Co., Ltd., Hangzhou

Hangzhou Xiaoshan Jiejun Automobile Sales and Service Co., Ltd., Hangzhou

CNY

8.0290 8.0290

- -

100.00 100.00

85,751

5,950

- 6,450

- 4,249

2019 2019

Hangzhou Xiaoshan Shidai Junbaohang Automobile Sales & Service Co., Ltd., Hangzhou

CNY CZK PLN CZK EUR GBP GBP

8.0290 26.2390 4.5562 26.2390

- - - - -

100.00

48,269

8,359 - 3 - - 20,729 -

2019

HoppyGo Czechia s.r.o., Prague HoppyGo Poland Sp. z o.o., Warsaw HoppyGo s.r.o., Prague

HoppyGo Slovakia s.r.o., Kosice HRVS Group Ltd., Belper HRVS Rentals Ltd., Belper

100.00

7 - 20,629 -

4) 4) 6)

3) 4) 6)

2019 2020 2019 2020

Huzhou Jiejun Automobile Sales and Service Co., Ltd., Huzhou

Huzhou Junbaohang Automobile Sales and Service Co., Ltd., Huzhou

INIS International Insurance Service s.r.o., ve zkratce INIS s.r.o., Mladá Boleslav

Instituto para Formación y Desarrollo Volkswagen, S.C., Puebla

MXN SEK

CNY

CZK

26.2390 24.4115 10.0247

0.8993 0.8993 8.0290 8.0290

- - - - - - - - - - - - -

100.00 100.00 100.00 100.00 100.00 100.00 100.00

51,141

37,728 59,564 360

-- -

12,628 18,625 32,228

4,508 -- -7) 7)

2020 2020 2019 2019 2019 2019

InterRent Biluthyrning AB, Södertälje Italdesign Giugiaro Barcelona S.L., Sant Just Desvern

2019

EUR EUR EUR EUR EUR EUR GBP

100.00

5,572

- 592

2020

Italdesign Giugiaro S.p.A., Moncalieri Italscania S.p.A., Trento

100.00

56,315

- 4,316

2020

100.00

46,669

29,861

2019

J.M.C. Autos S.A.S., Charmeil Jacob S.A.S., Metz

100.00

1,357

2019

100.00

4,061

162

2019

Jacques Carlet S.A.S., Mozac James Young Ltd., Crewe

100.00

7,122

862

2019

Jiangmen Jiejun Automobile Sales and Service Co., Ltd., Jiangmen

Jiaxing Jiejun Automobile Sales and Service Co., Ltd., Jiaxing

Jiaxing Junbaohang Automobile Sales and Service Co., Ltd., Jiaxing

CNY

0.8993 8.0290 8.0290 8.0290 8.0290 8.0290 8.0290

- - - - - - - -100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

193,498 163,558

12,474 38,306

- 1,694

46,154 35,580

-5)

2019 2019 2019 2019

Jiaxing Zhongyue Junbaohang Automobile Sales and Service Co., Ltd., Jiaxing

Jinhua Jiejun Automobile Sales and Service Co., Ltd., Jinhua

Jinhua Junbaohang Automobile Sales and Service Co., Ltd., Jinhua

JP Cresson S.A.R.L., Roissy-en-France

CNY EUR

CNY

159,313 102,538 750

44,732

- 268

38,583 15,499 170

2019 2019 2019 2019

FX rate (Euro 1=)Share in capitalEquityof Porsche SE in thousands %

Profit in thousandsCurrency

31/12/2020

direct indirectTotalLocal currencyYearName and registered offices

currencynoteKai Tak Holding AB, Södertälje

Konnect with the Volkswagen Group Ltd., Tel Aviv

Kunshan Junbaohang Automobile Sales and Service Co., Ltd., Kunshan

CNY UYU SEK

SEKILS

3.9465 8.0290 51.7515 10.0247

10.0247

- - - - - - -100.00 100.00 100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00 100.00 100.00 100.00

52,407 - 94,594 11,050

2,454

120

15,023 - 15,814

204

-5)

2019 2018 2019

Lauken S.A., Montevideo Laxå Specialvehicles AB, Laxå

LKW Komponenten s.r.o., Bánovce nad Bebravou

EUR

639

2018 2019 2019

LogPay Charge & Fuel Slovakia s.r.o., Bratislava

EUR CZK EUR EUR EUR SEK

-4) 6)

2020

LogPay Fuel Czechia s.r.o., Prague LogPay Fuel Italia S.r.l., Bozen LogPay Fuel Spain S.L., Barcelona Lorraine Motors S.A.S., Tomblaine LOTS Group AB, Södertälje

26.2390

- - - -100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00

286 115 579 6,348

- 214

780

2019 2019 2019 2019

LOTS Latin América Logística de Transportes Ltda., São Bernardo do Campo

Lots Logistics (Guangxi) Ltd, Beihai Mälardalens Tekniska Gymnasium AB, Södertälje

MAN Automotive (South Africa) (Pty) Ltd., Johannesburg

BRL CNY

ZAR

SEK

10.0247 18.0152 18.0152 4.5562 1.2276

10.0247

6.3756 8.0290

- - - - - - - - -100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00

80.00

100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00

80.00

911,674

81,959 28,849 3,485

18,048

23,489 - 1,356

55,442 85,612

326

13)

2019 2019 2019 2019 2019

MAN Bus & Coach (Pty) Ltd., in liquidation, Olifantsfontein

MAN Bus Sp. z o.o., Starachowice MAN Capital Corp., Pompano Beach, FL MAN Diesel & Turbo Costa Rica Ltda., San José

ZAR PLN USD

- 745,298 248,591

- 1,775 75,384 996

2) 5)

2017 2019 2019

EUR

-5)

2018

MAN Diesel & Turbo Guatemala Ltda., in liquidation, Guatemala City

MAN Diesel & Turbo Jordan LLC, in liquidation, Aqaba

MAN Diesel & Turbo Nigeria FZE, Lagos MAN Diesel & Turbo Shanghai Co., Ltd., Shanghai

MAN Diesel Turbochargers Shanghai Co., Ltd., Shanghai

GTQ

EUR EUR

EUR

9.5688

- - - - -100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00 100.00

3,380

- - - -

- 4,385

- - - -

5) 15)

2) 5)

2019 2018 2018 2018 2018

MAN Energy Solutions (Gibraltar) Ltd., Gibraltar

MAN Energy Solutions Argentina S.A., Buenos Aires

GBP

ARS

103.2880

0.8993

- -100.00 100.00

100.00 100.00

53,709

1,021

1,178 3,674

2019 2019

Name and registered officesMAN Energy Solutions Australia Pty. Ltd., Yennora

MAN Energy Solutions Bangladesh Ltd., Dhaka

MAN Energy Solutions Belgium N.V., Antwerp MAN Energy Solutions Brasil Equipamentos & Serviços Ltda., Rio de Janeiro

MAN Energy Solutions Bulgaria EOOD, Varna MAN Energy Solutions Canada Ltd., Vancouver, BC

MAN Energy Solutions Canarias S.L.U., Las Palmas de Gran Canaria

MAN Energy Solutions Chile Ltda., Valparaíso MAN Energy Solutions China Co., Ltd., Shanghai

MAN Energy Solutions China Production Co., Ltd., Changzhou

MAN Energy Solutions Egypt LLC, Cairo MAN Energy Solutions España S.A., Madrid MAN Energy Solutions France S.A.S., Saint-Nazaire

MAN Energy Solutions Guinea S.A.R.L., Conakry

MAN Energy Solutions Hellas E.P.E., Piräus MAN Energy Solutions Hong Kong Ltd., Hong Kong

MAN Energy Solutions India Pvt. Ltd., Aurangabad

MAN Energy Solutions Italia S.r.l., Genua MAN Energy Solutions Japan Ltd., Tokyo MAN Energy Solutions Kenya Ltd., Nairobi MAN Energy Solutions Korea Ltd., Busan MAN Energy Solutions Lanka Pvt. Ltd., Colombo

MAN Energy Solutions Malaysia ES Sdn. Bhd., Kuala Lumpur

MAN Energy Solutions Malaysia OG Sdn. Bhd., Kuala Lumpur

MAN Energy Solutions México, S. de R.L. de C.V., Mexico City

MAN Energy Solutions Middle East LLC FZE, Fujairah

Currency

AUD

BDT


FX rate
(Euro 1=)
31/12/2020	Total

1.5861	-	100.00	100.00
103.9121	-	100.00	100.00
EUR	-	100.00	100.00
BRL	6.3756	-	100.00	100.00
BGN	1.9560	-	100.00	100.00
CAD	1.5628	-	100.00	100.00
EUR	-	100.00	100.00
CLP	872.1700	-	100.00	100.00
CNY	8.0290	-	100.00	100.00
CNY	8.0290	-	100.00	100.00
EGP	19.3086	-	100.00	100.00
EUR	-	100.00	100.00
EUR	-	100.00	100.00
GNF	12,269.8650	-	100.00	100.00
EUR	-	100.00	100.00
HKD	9.5167	-	100.00	100.00
INR	89.6900	-	100.00	100.00
EUR	-	100.00	100.00
JPY	126.5100	-	100.00	100.00
KES	134.0450	-	100.00	100.00
KRW	1,336.2100	-	100.00	100.00
LKR	227.3945	-	100.00	100.00
MYR	4.9380	-	100.00	100.00
MYR	4.9380	-	55.00	55.00
MXN	24.4115	-	100.00	100.00
AED	4.5092	-	100.00	100.00

direct indirect

89
Share in capital	Equity
of Porsche SE	in thousands
%
Local	Year
currency	currency
16,162	1,410	2019
- 56,341	- 22,376	2019
11,320	810	2019
25,989	1,034	2019
1,104	580	2019
6,514	1,869	2019
3,525	546	2019
4,089,727	721,587	2019
158,030	6,257	2019
306,941	36,597	2019
2,879	1,999	2019
6,402	792	2019
129,546	29,140	2019
9,599,317	14,065,085	2019
8,421	2,620	2019
84,982	14,197	2019
3,563,370	401,570	2019
6,658	216	2019
298,282	6,108	2019
333,711	96,312	2019
25,182,505	4,466,085	2019
150,569	36,248	2019
38,712	14,877	2019
1,232	856	2019
36,496	2,278	2019
18,841	5,081	2019
95

Profit in thousands

Local Foot-note

FX rate (Euro 1=)Share in capitalEquityof Porsche SE in thousands %

Profit in thousandsCurrency

31/12/2020

direct indirectTotalLocal currencyYearName and registered offices

currencynoteMAN Energy Solutions Middle East LLC, Dubai

MAN Energy Solutions Muscat L.L.C., Muscat MAN Energy Solutions Netherlands B.V., Schiedam

AED OMR

EUR

4.5092 0.4720

- - -

100.00 70.00

100.00

100.00 70.00

100.00

27,006 221

8,091

- 13,759 - 59

177

2019 2019 2019

MAN Energy Solutions New Zealand Ltd., Auckland

MAN Energy Solutions Nigeria Pvt. Ltd., Lagos

MAN Energy Solutions Norge A/S, Oslo MAN Energy Solutions Pakistan Pvt. Ltd., Lahore

MAN Energy Solutions Panama Inc., Panama City

MAN Energy Solutions Perú S.A.C., Lima MAN Energy Solutions Philippines Inc., Parañaque City

MAN Energy Solutions Poland Sp. z o.o., Gdansk

MAN Energy Solutions Portugal, Unipessoal, Lda., Setúbal

NGN NOK

NZD

PHP

EUR

PKR

PAB PEN

PLN

467.9200 10.4574

196.6460

58.9700

1.2276 4.4436

1.6956

4.5562

- - - - - - - - -100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

628,259

87 26,707

81,937

8,456 2,816

3,470 1,125

2,424

176,323

22 1,441

2,506 377

8,285

828

483

2019 2019 2019 2019 2018 2019 2019 2019 2019

MAN Energy Solutions Qatar Navigation LLC, Doha

MAN Energy Solutions Russia Ltd., Moscow MAN Energy Solutions Saudi Arabia LLC, Jeddah, Jeddah

MAN Energy Solutions Schweiz AG, Zurich MAN Energy Solutions Senegal S.A.R.L., Dakar

MAN Energy Solutions Servis ve Ticaret Ltd. Sti., Istanbul

MAN Energy Solutions Singapore Pte. Ltd., Singapore

MAN Energy Solutions South Africa (Pty) Ltd., Johannesburg

MAN Energy Solutions Sverige AB, Gothenburg

MAN Energy Solutions Taiwan Ltd., Kaohsiung

QAR RUB

4.4695 91.7754

SAR CHF

4.6055 1.0811

XOF

655.9570

SGD

TRY

9.1013 1.6221

MAN Energy Solutions UK Ltd., Stockport MAN Energy Solutions USA Inc., Houston, TX MAN Engines & Components Inc., Pompano Beach, FL

TWD GBP USD

USD

ZAR

SEK

18.0152 10.0247 34.4845 0.8993 1.2276 1.2276

- - - - - - - - - - - - -49.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

49.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

14,082 224,037

26,529 169,680

-26,591 50,377

411,866

4,572

72,073 47,411 53,904 84,618

233 104,259

2,580 10,619

541,245

18,918 13,012 12,832

- 36,423

51,396 7,597 4,528

10,678

2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2018 2019

CurrencyName and registered officesMAN Finance and Holding S.A., Strassen MAN Financial Services Administrators (S.A.) (Pty) Ltd., Isando

MAN Financial Services España S.L., Coslada MAN Financial Services GmbH, Eugendorf MAN Financial Services Poland Sp. z o.o., Nadarzyn

MAN Hellas Truck & Bus A.E., Aspropygros MAN Iran Power Sherkate Sahami Khass, Teheran

MAN Kamion és Busz Kereskedelmi Kft., Dunaharaszti

MAN Kamyon ve Otobüs Ticaret A.S., Ankara MAN Latin America Importacao, Industria e Comércio de Veículos Ltda., Limeira

MAN Latin America Indústria e Comércio de Veículos Ltda., São Paulo

MAN Location & Services S.A.S., Evry

MAN Nutzfahrzeuge Immobilien GmbH, Steyr MAN Shared Services Center Sp. z o.o., Poznan

MAN Truck & Bus (Korea) Ltd., Yongin MAN Truck & Bus (M) Sdn. Bhd., Rawang MAN Truck & Bus (S.A.) (Pty) Ltd., in liquidation, Isando

MAN Truck & Bus Asia Pacific Co. Ltd., Bangkok

MAN Truck & Bus Czech Republic s.r.o., Cestlice

MAN Truck & Bus Danmark A/S, Greve MAN Truck & Bus France S.A.S., Evry MAN Truck & Bus Iberia S.A., Coslada MAN Truck & Bus India Pvt. Ltd., Pune

MAN Truck & Bus Italia S.p.A., Dossobuono di Villafranca

MAN Truck & Bus México S.A. de C.V., El Marqués

MAN Truck & Bus Middle East FZE, Dubai MAN Truck & Bus N.V., Kobbegem

MAN Truck & Bus Norge A/S, Lorenskog MAN Truck & Bus Österreich GmbH, Steyr MAN Truck & Bus Polska Sp. z o.o., Nadarzyn

91
FX rate	Equity
(Euro 1=)	in thousands
31/12/2020	Total	Local	Year
currency	currency	note
-	100.00	100.00	1,867,475	46,469	2019
18.0152	-	100.00	100.00	0	-	5)	2018
EUR	-	100.00	100.00	25,509	- 237	2019
EUR	-	100.00	100.00	26,620	2,137	2019
PLN	4.5562	-	100.00	100.00	60,746	4,114	11)	2019
EUR	-	100.00	100.00	2,288	- 273	2017
EUR	-	100.00	100.00	-	-	5)	2018
HUF	364.3300	-	100.00	100.00	4,998,312	651,058	2019
TRY	9.1013	-	100.00	100.00	264,053	2,061	2019
BRL	6.3756	-	100.00	100.00	-	-	5)	2019
BRL	6.3756	-	100.00	100.00	694,985	- 130,110	2019
EUR	-	100.00	100.00	6,727	- 203	2019
EUR	-	100.00	100.00	27,318	2,124	2019
PLN	4.5562	-	100.00	100.00	8,617	686	2019
KRW	1,336.2100	-	100.00	100.00	17,260,910	201,477	2019
MYR	4.9380	-	100.00	100.00	- 4,463	2,899	2018
ZAR	18.0152	-	100.00	100.00	-	- 68,539	2) 5)	2017
THB	36.7268	-	99.99	99.99	133,672	- 1,865	2019
CZK	26.2390	-	100.00	100.00	1,160,624	84,190	2019
DKK	7.4405	-	100.00	100.00	123,907	9,663	2019
EUR	-	100.00	100.00	74,134	10,324	2019
EUR	-	100.00	100.00	122,791	7,006	2019
INR	89.6900	-	99.99	99.99	3,252,600	- 3,328,300	2019
EUR	-	100.00	100.00	25,914	4,312	2019
MXN	24.4115	-	100.00	100.00	- 736,990	- 951,607	2019
AED	4.5092	-	100.00	100.00	49,563	- 4,442	2018
EUR	-	100.00	100.00	25,969	3,575	2019
NOK	10.4574	-	100.00	100.00	181,497	21,785	2019
EUR	-	100.00	100.00	745,832	20,077	2019
PLN	4.5562	-	100.00	100.00	38,942	32,230	2019
97

EUR

ZARShare in capital of Porsche SE %

direct indirectProfit in thousands

FX rate (Euro 1=)Share in capitalEquityof Porsche SE in thousands %

Profit in thousandsCurrency

31/12/2020

direct indirectTotalLocal currencyYearName and registered offices

currencynoteMAN Truck & Bus Portugal S.U. Lda., Lisbon MAN Truck & Bus Schweiz AG, Otelfingen MAN Truck & Bus Slovakia s.r.o., Bratislava MAN Truck & Bus Slovenija d.o.o., Ljubljana MAN Truck & Bus Sverige AB, Kungens Kurva MAN Truck & Bus Trading (China) Co., Ltd., Beijing

EUR CHF EUR EUR SEK

-100.00

100.00

7,128

3,430

2019

1.0811

- - -100.00 100.00 100.00

100.00 100.00 100.00

27,098 9,449 12,436

2,525 791 929

2019 2019 2019

MAN Truck & Bus UK Ltd., Swindon

MAN Truck & Bus Vertrieb Österreich GmbH, Vienna

CNY GBP

EUR

10.0247

8.0290 0.8993

- - - -100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00

49,253 62,685 102,741 246,987

10,736

83 6,183 3,657

2019 2019 2018 2019

MAN Truck and Bus Hong Kong Ltd., Hong Kong

MAN Trucks Sp. z o.o., Niepolomice MAN Turbo (UK) Ltd., Stockport MAN Türkiye A.S., Ankara

HKD PLN EUR TRY USD CHF CHF

9.5167 4.5562

- - -100.00 100.00 100.00

100.00 100.00 100.00

- 1,073,044 -- 80,948 -

4) 6)

2020 2019

2018

Manatee Orange Grove, Inc., Duette, FL MDT CH International GmbH, Zurich MECOS AG, Zurich

9.1013 1.2276 1.0811 1.0811 8.0290 1.2276 4.8685 0.8993

- - - - - - - - - -99.99 100.00 100.00 100.00

99.99 100.00 100.00 100.00

845,713 5,410 7 2,146

161,094 - 1,983 0 - 310

MHP (Shanghai) Management Consultancy Co., Ltd., Shanghai

MHP Americas, Inc., Atlanta, GA

MHP Consulting Romania S.R.L., Cluj-Napoca MHP Consulting UK Ltd., Birmingham Mirrlees Blackstone Ltd., Stockport

CNY USD RON GBP EUR

100.00

- 3,956

12,715

11,084

- 994 -

3,720

2,507

- 995

- 181 -5)
2018 2019 2019 2019 2019 2019
Mobile Payment Services S.A.S., Boulogne-Billancourt
EUR
100.00 100.00
100.00 100.00
334
- 893

2018 2019

Mobility Asia Smart Technology Co., Ltd., Beijing

Mobility Lab s.r.o., Prague

Módulos Automotivos do Brasil Ltda., São Jose dos Pinhais

MOIA Luxemburg S.A., Strassen MRH S.A.S., Roissy-en-France MW-Hallen Restaurang AB, Södertälje mýa Connection GmbH, Zurich N.W.S. S.r.l., Trento

CNY CZK

BRL EUR EUR SEK CHF EUR

8.0290 26.2390

6.3756

- - - - -100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00 100.00

336,976 34,370

5,408 406 1,036

- 287,897 - 23,761

- 30,326 225 161

2019 2019 2019 2019 2019

10.0247 1.0811

- - -

100.00 100.00 52.50

2,029 - 550

- 160 - 439

2019

4) 14)

2019 2019

Nanjing Junbaohang Automobile Sales and Service Co., Ltd., Nanjing

Nardò Technical Center S.r.l., Santa Chiara di Nardò

CNY

EUR

8.0290

- -100.00 100.00

100.00 100.00

48,665 10,830

- 1,335

337

2019 2019

Ningbo Jiejun Automobile Sales and Service Co., Ltd., Ningbo

CNY

8.0290

-100.00

100.00

277,328

57,173

2019

Name and registered officesNIRA Dynamics AB, Linköping Norsk Scania A/S, Oslo

Norsk Scania Eiendom A/S, Oslo Nouvelle Generation S.A.S., Augny Ocean Automobile S.A.S., Orvault

OOO MAN Truck & Bus Production RUS, St. Petersburg

OOO MAN Truck and Bus RUS, Moscow OOO Porsche Center Moscow, Moscow OOO Porsche Financial Services Russland, Moscow

OOO Porsche Russland, Chimki OOO Scania Finance, Moscow OOO Scania Leasing, Moscow OOO Scania Peter, St. Petersburg OOO Scania Service, Golitsino OOO Scania Strachovanie, Moscow OOO Scania-Rus, Golitsino

OOO Truck Production RUS, St. Petersburg OOO Volkswagen Bank RUS, Moscow OOO Volkswagen Financial Services RUS, Moscow

OOO Volkswagen Group Finanz, Moscow OOO Volkswagen Group Rus, Kaluga OOO Volkswagen Komponenten und Services, Kaluga

PAIG (China) Automobile Investment Co., Ltd., Hangzhou

PAIG Japan Automobile Investment GK, Tokyo

Paris Est Evolution S.A.S., Saint-Thibault-des-Vignes

Park Ward & Co. Ltd., Crewe Paxman Diesels Ltd., Stockport PayByPhone Ltd., Hatfield PayByPhone Suisse AG, Düdingen PayByPhone Technologies Inc., Vancouver, BC

PayByPhone US Inc., Wilmington, DE PBS Turbo s.r.o., Velká Bítes

PCK TOV, Kiev

PCREST Ltd., Mississauga, ON

Currency

SEK

NOK

EUR

RUB

93
FX rate	Equity
(Euro 1=)	in thousands
31/12/2020	Total	Local	Year
currency	currency	note
10.0247	-	94.66	94.66	314,479	8,904	2019
10.4574	-	100.00	100.00	318,128	451,144	2019
10.4574	-	100.00	100.00	100,291	12,169	2019
-	100.00	100.00	3,276	242	2019
-	100.00	100.00	4,259	540	2019
91.7754	-	100.00	100.00	680,225	166,298	2019
91.7754	-	100.00	100.00	5,817,606	909,684	2019
91.7754	-	100.00	100.00	1,151,814	223,566	2019
91.7754	-	100.00	100.00	273,831	75,564	2019
91.7754	-	100.00	100.00	5,860,477	1,573,945	2019
91.7754	-	100.00	100.00	589,042	57,562	2019
91.7754	-	100.00	100.00	2,425,353	1,998,737	2019
91.7754	-	100.00	100.00	209,455	- 30,805	2019
91.7754	-	100.00	100.00	344,402	56,840	2019
91.7754	-	100.00	100.00	57,542	57,442	2019
91.7754	-	100.00	100.00	5,909,477	1,100,728	2019
91.7754	-	100.00	100.00	120,340	3,993	2019
91.7754	-	100.00	100.00	16,250,171	1,258,821	11)	2019
91.7754	-	100.00	100.00	6,112,289	1,197,385	2019
91.7754	-	100.00	100.00	3,818,758	435,287	2019
91.7754	-	100.00	100.00	48,531,918	17,988,248	2019
91.7754	-	100.00	100.00	829,419	526,721	2019
CNY	8.0290	-	100.00	100.00	1,111,864	12,923	2019
JPY	126.5100	-	100.00	100.00	2,015,566	- 113,354	2019
EUR	-	100.00	100.00	5,141	858	2019
GBP	0.8993	-	100.00	100.00	0	-	5)	2018
EUR	-	100.00	100.00	-	-	5)	2018
GBP	0.8993	-	100.00	100.00	16,902	12,796	2019
CHF	1.0811	-	100.00	100.00	-	-	7)	2020
CAD	1.5628	-	100.00	100.00	8,116	- 33,420	4)	2019
USD	1.2276	-	100.00	100.00	0	-	4) 5)	2019
CZK	26.2390	-	100.00	100.00	702,048	141,082	2019
UAH	34.7826	-	100.00	100.00	28,682	26	2019
CAD	1.5628	-	100.00	100.00	3	-	5)	2019
99

Share in capital of Porsche SE %

direct indirectProfit in thousands

FX rate (Euro 1=)Share in capitalEquityof Porsche SE in thousands %

Profit in thousandsCurrency

31/12/2020

direct indirectTotalLocal currencyYearName and registered offices

currencynotePCTX LLC, Atlanta, GA

PHS Autohaus Sdn. Bhd, Kuala Lumpur POI France S.A.S., Roissy-en-France Porsamadrid S.L., Madrid

USD MYR EUR EUR CNY

1.2276 4.9380

- - - -100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00

506 1,585 148 3,814

- 2,115 - 852 1,212

2019 2019

Porsche (China) Motors Ltd., Shanghai Porsche (Shanghai) Commercial Services Co., Ltd., Shanghai

Porsche Air Service GmbH, Salzburg Porsche Albania Sh.p.k., Tirana

CNY EUR ALL SGD EUR EUR

8.0290 8.0290

- - -100.00 100.00 100.00

100.00 100.00 100.00

2,541,191

201,138 763

2,393,907

72,460 171

2019 2019 2019

Porsche Asia Pacific Pte. Ltd., Singapore Porsche Austria Gesellschaft m.b.H., Salzburg Porsche Austria GmbH & Co. OG, Salzburg Porsche Automotive Investment GmbH, Salzburg

EUR USD EUR RON BGN BAM HUF

123.7650 1.6221

- - - - -100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00 100.00

794,741 54,342 51 76,956

232,388

86,830 7,210 0 20,754 80,464

2019 2019 2019

Porsche Aviation Products, Inc., Atlanta, GA Porsche Bank AG, Salzburg

1.2276

- -100.00 100.00

100.00 100.00

655 580,684

12 28,435

Porsche Bank Romania S.A., Voluntari Porsche BG EOOD, Sofia

Porsche BH d.o.o., Novi Grad

Porsche Biztosításközvetítõ Kft., Budapest Porsche Brasil Importadora de Veículos Ltda., São Paulo

Porsche Broker A.D. Skopje, Skopje Porsche Broker de Asigurare S.R.L., Voluntari Porsche Business Services, Inc., Atlanta, GA Porsche Canadian Funding L.P., Mississauga, ON

BRL MKD RON USD

CAD

4.8685 1.9560 1.9558 364.3300

6.3756 61.6250 4.8685 1.2276 1.5628

- - - - - - - - - - - - - - - - - - -100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

185,147 19,020 27,732 359,615

41,091 9,637 20,879 - 1,426

77,393

8,110 9,630 4,677 353,215

28,500 5,013 20,681 - 43

6,008

2019 2019 2019 2019 2019 2019 2019 2019 2019

Porsche Canadian Investment ULC, Halifax, NS

CAD AUD CAD GBP USD

1.5628

100.00

720

- 6

2019

Porsche Cars Australia Pty. Ltd., Collingwood Porsche Cars Canada Ltd., Mississauga, ON Porsche Cars Great Britain Ltd., Reading Porsche Cars North America, Inc., Atlanta, GA Porsche Central and Eastern Europe s.r.o., Prague

1.5861

100.00

130,210

13,110

2019

1.5628

100.00

148,272

22,957

2019

0.8993

100.00

95,591

108,638

2019

Porsche Centre Beijing Central Ltd., Beijing Porsche Centre Beijing Goldenport Ltd., Beijing

Porsche Centre North Toronto Ltd., Toronto, ON

Porsche Centre Shanghai Pudong Ltd., Shanghai

CNY

CZK CNY

CAD

26.2390 8.0290 8.0290 1.5628 8.0290

1.2276

100.00 100.00 100.00 100.00 100.00 100.00

1,351,591

112,981 35,652 40,439

7,896

71,361

157,666

15,965 123,422

38,939

1,575

40,636

2019 2019 2019 2019 2019 2019

100

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Porsche Automobil Holding SE published this content on 23 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2021 09:30:02 UTC.

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01:00pm	PEKING/German carmakers want to get off the defensive in China	DP
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PEKING/German carmakers want to get off the defensive in China	07:00am	DP
China's BYD seeks to redefine luxury for the EV generation	2024-04-24	RE
PEKING: Volkswagen faces two difficult years in China	Apr. 24	DP
Volkswagen holds keys to Porsche's race against Ferrari	Apr. 23	RE
Porsche completes Cayenne range with GTS models	Apr. 22	CF
Lotus Technology Should Fuse Heritage, Technology to Attract Customers, Deutsche Bank Says	Apr. 19	MT
Car sales in the EU fall in March	Apr. 18	DP
Mobileye set to ship at least 46 million new assisted driving chips	Apr. 17	RE
Mobileye set to ship at least 46 million new assisted driving chips	Apr. 17	RE
European Equities Close Sharply Lower in Tuesday Trading; IMF Cuts Growth Forecast for Euro Area, EU	Apr. 16	MT
Rain of money for shareholders - companies pay record dividends in total	Apr. 15	DP
Companies in Germany pay record dividends	Apr. 14	DP
Global markets live: Airbus, UBS, KKR, Meta Platforms, Tesla...	Apr. 11
Porsche: slight drop in deliveries in Q1	Apr. 11	CF
German Equities Edge Higher as US Inflation Heats Up	Apr. 10	MT
PORSCHE SE : DZ Bank reaffirms its Buy rating	Apr. 10	ZD
Dpa-AFX Overview: COMPANIES from 10.04.2024 - 15:15	Apr. 10	DP
German premium carmakers struggle to revive demand in China	Apr. 10	RE
Porsche AG's Global Vehicle Deliveries Fall 4% in Q1	Apr. 10	MT
Volkswagen delivers fewer vehicles in March - decline in e-cars	Apr. 10	DP
Porsche reports 4% fall in Q1 deliveries	Apr. 10	RE
Lotus Technology beats its peers to the punch	Apr. 09
Sector Update: Consumer Stocks Advance Premarket Tuesday	Apr. 09	MT
Porsche AG Partners With ClearMotion for Advanced Chassis Development	Apr. 09	MT
STMicroelectronics: partnership with Green Hills and Cetitec	Apr. 09	CF

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