Volkswagen Leasing GmbH. Volkswagen Leasing GmbH. Volkswagen Leasing GmbH

Deal name: VCL Master Residual Value Compartment 1 Issuer: Originator of the receivables: Seller of the receivables: Servicer name: Reporting entity: VCL Master Residual Value S.A. acting with respect to its Compartment 1 52-54 avenue du X Septembre L-2550 Luxembourg Luxembourg Tel.: +35 2602 491 Fax: +35 2645 9628 Volkswagen Leasing GmbH Volkswagen Leasing GmbH Volkswagen Leasing GmbH Volkswagen Leasing GmbH ABS Operations Käferweg, 4 Building E 38112 Braunschweig Federal Republic of Germany Contact: Tel.: +49 531 212 87510 Fax: +49 531 212 77540 Email: ABSOperations@vwfs.com Corporate service provider: Wilmington Trust SP Services (Luxembourg) S.A. 52-54 avenue du X Septembre L-2550 Luxembourg Luxembourg Tel.: +35 2602 491 Fax: +35 2645 9628 Email: VCL@WilmingtonTrust.com Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 1 / 28

Contents Page Table of contents 1 Cover 2 3 Reporting details 4 Parties overview 5 Transaction events I 6 Transaction events II 7 Transaction events III 8 Information regarding the notes I 9 Information regarding the notes II 10 Cash collateral account 11 Swap fixing / Waterfall 12 CRD retention / Retention of net economic interest 13 Amortisation profile I 14 Amortisation profile II 15 Run out schedule I 16 Run out schedule II 17 18 Delinquencies & defaults I 19 Delinquencies & defaults II 20 Delinquencies & defaults III 21 Write-Offs 22 Prepayments 23 Pool data I 24 Pool data II 25 Pool data III 26 Pool data IV 27 Pool data V 28 Pool data VI Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 2 / 28

Reporting details Deal overview Cut-Off-Date Scheduled date of Clean-Up- Call Legal final maturity date Issue date Period no.: Reporting frequency: Next payment date: 31.01.2014 Publication date: n.a. Payment date: 25.09.2020 Reporting date: 25.02.2014 Asset collection period: 6 Interest accrual period monthly Note payment period: 25.09.2014 Days accrued: 18.08.2014 (18th of each month) 26.08.2014 (25th of each month) 31.07.2014 (last day of each month) from 01.07.2014 until 31.07.2014 from 25.07.2014 until 26.08.2014 from 25.07.2014 until 26.08.2014 32 at pool cut Percentage New cars 29.006 95,62% 355.751.383,60 95,35% Used cars 504 1,66% 5.887.060,97 1,58% Demonstration cars 826 2,72% 11.468.467,49 3,07% Total 30.336 100,00% 373.106.912,06 100,00% Type of product at pool cut Percentage Closed end contract 29.892 98,54% 369.283.436,29 98,98% Open end lease contract 444 1,46% 3.823.475,77 1,02% Total 30.336 100,00% 373.106.912,06 100,00% Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 3 / 28

Parties overview Lead manager: HSBC Bank plc Security trustee / Wilmington Trust SP 8 Canada Square Process Agent: Services (Frankfurt) GmbH London E14 5HQ Steinweg 3-5 United Kingdom D-60313 Frankfurt am Main Email: ctla.securitisation@hsbc.com Germany Fax +49 (0) 69 2992 5387 Email: fradirectors@wilmingtontrust.com Calculation agent/ BNY Mellon, London Branch Data protection Volkswagen Bank GmbH Interest determination agent/ One Canada Square trustee: Gifhorner Straße 57 Principal Paying Agent: London E145 AL D-38112 Braunschweig United Kingdom Germany Email: tsampikos.trigenis@bnymellon.com Email: ABSOperations@vwfs.com Fax: +49 (0) 531 212 7 7540 Account bank: BNY Mellon Clearing systems: Clearstream Banking S.A. Frankfurt Branch 42 Avenue JF Kennedy Messeturm, Friedrich-Ebert-Anlage 49 L-1885 Luxembourg 60327 Frankfurt/Main Luxembourg Germany Email: web@clearstream.com Email: tsampikos.trigenis@bnymellon.com Euroclear Banking S.A./ N.V. 1 Boulevard du Roi Albert II. B-1210 Brussels Belgium Tel.: +32 (0)2 326 1211 Swap counterparty: Royal Bank of Canada Rating agencies: Fitch Ratings Limited Roal Bank Plaza Attn.: Structured Finance Surveillance 200 Bay Street, 2nd Floor, Toronto, Ontario M5J 2W7 30 The North Colonnade Canada London E14 5GN email: florent.demontbel@rbccm.com United Kingdom Email: abssurveillance@fitchratings.com Skandinaviska Enskilda Banken (SEB) Fax: +44 (20) 7417 6262 Capital Markets Kungsträdgårdsgatan 8, 106 40 Stockholm Standard & Poor's Ratings Group Sweden Attn.: Structured Finance email: Peter.Frank@seb.de Surveillance Department 20 Canada Square Canary Wharf London E14 5LH United Kingdom Email: ABSEuropeanSurveillance@standardandpoors.com DBRS Ratings Ltd. Attn.: ABS Surveillance 10th Floor, 1 Minster Court, Mincing Lane London EC3R 7AA United Kingdom Tel.: +44 (20) 7855 6603 Email: bfranco@dbrs.com Corporate service Wilmington Trust SP Services Servicer: Volkswagen Leasing GmbH provider: (Luxembourg) S.A. Gifhorner Str. 57 52-54 avenue du X Septembre D-38112 Braunschweig L-2550 Luxembourg Germany Luxembourg Email: ABSOperations@vwfs.com Email: VCL@WilmingtonTrust.com Fax: + 49 531 212 77540 Fax: +352 2645 9628 Tel.: +49 531 212 84952 Tel.: +352 2602 491 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 4 / 28

Transaction events I Clean-Up-Call Clean-Up-Call condition current portfolio Min. portfolio 101,14% 10,00% *N.B. This percentage may become greater 100% whenever the current total is larger than the Initial as of initial Cut-Off- Date. Fulfilled when the aggregate Balance is less than 10% of the Initial as of initial Cut-Off date provided that all payment obligations under the VCL Master Residual Value Compartment 1 notes will be thereby fulfilled. Repurchase of receivables % of % of Re-Purchase price Current period - - - - - Previous periods - - - - - Total - - - - - If a repurchase of expectancy rights occurred, it would only result from non-eligibility as of the respective Cut-Off-Date (which has been discovered at a later stage). Transaction party replacements Capacity of transaction party Date of replacement Reason for replacement Replaced party Replaced by Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 5 / 28

Transaction events II Revolving period Spalte1 Series revolving period expiration date of the last series of VCLM RV 25.09.2014 compartment 1 notes Date of occurance of an early amortisation event - Compartment 1 revolving period 25.09.2014 Accumulation account 31.05.2014 30.06.2014 31.07.2014 31.08.2014 Amounts not invested for the purchase of additional assets 378.226,23 727.676,95 772.485,03 1.047.866,82 Percentage not invested for the purchase of additional assets 0,10% 0,19% 0,20% - Dynamic net loss ratio* Ratio > 0,4% 1,0% 2,0% 2,8% 31.05.2014 0,01872% No No No No 30.06.2014 0,01618% No No No No 31.07.2014 0,01374% No No No No Cumulative net loss ratio* Ratio > 0,45% 1,2% 1,75% 2,25% 31.05.2014 0,08634% No No No No 30.06.2014 0,08497% No No No No 31.07.2014 0,08544% No No No No Discounted as of the previous period* 1.762.115.827,62 Discounted of all initial and additional assets* 9.643.795.616,83 Weighted average seasoning (before top-up/tap-up)* Late delinqency ratio* 9,59 0,25884% Enforcement event* Credit enhancement increase condition* a) the dynamic net loss ratio for three consecutive payment dates exeeds and (i) if weighted average seasoning is less or equal 12 months (ii) if weighted average seasoning is between 13-24 months (iii) if weighted average seasoning is between 25-36 months (iv) if weighted average seasoning is > 36 months b) the cumulative net loss ratio for three consecutive payment dates exeeds and (i) if weighted average seasoning is less or equal 12 months (ii) if weighted average seasoning is between 13-24 months (iii) if weighted average seasoning is between 25-36 months (iv) if weighted average seasoning is > 36 months c) the late delinquency ratio exeeds 3% at any payment date d) the occurence of a servicer replacement event e) the occurence of an insolvency event with respect to VWL f) the cash collateral account does not contain the VCL Master Residual Value Compartment 1 specified general g) the put price has not been paid by the seller on the respective put date German trade tax* German trade tax increase event has occured German trade tax decrease event has occured Current german trade tax level (Hebesatz) German trade tax increase-/ decrease amount No not in effect - - 0,40% No 1,00% No 2,00% No 2,80% No - - 0,45% No 1,20% No 1,75% No 2,25% No - No - No - No - No No No No 450,00% 0,00 Early amortisation event* (i) Occurence of a foreclosure event (ii) VCL Master Compartment 1 accumulation account > 10% of total lease receivables on two consecutive months (iii) VCL Master Compartment 2 accumulation account > 10% of total expectancy rights on three consecutive months (iv) VCL Master RV Compartment 1 accumulation account > 10% of total expectancy rights on three consecutive (v) In case of default/termination event: failure to replace swap counterparty or failure to post collatereal by swap counterparty (vi) Six payment dates after the initial issue date, the compartment 1 overcollateralisation percentage is lower than 13 per cent overcollateralisation not in effect No No No No No No km-settlement reserve Discounted total Nominal Consumer with km-settlement 0 0,00-0,00 No *Derived from VCL Master Compartment 1 data Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 6 / 28

Transaction events III Account bank BNY Mellon Long term Fitch Short term Outlook Long term S&P Short term Outlook Long term DBRS Short term Outlook Current rating* AA- F1+ Stable A+ A-1 Negative AA R-1 (middle) stable Minimum required rating A F1 - - A-1 - A R-1 - (if no short term rating available, the higher long term rating is applicable) - - - - - - - - - If the account bank ceases to have the account bank required rating it shall, at its own cost, (i) transfer the accounts to an eligible collateral bank, or (ii) provide a guarantee from an eligible guarantor, or (iii) take any other action in order to maintain the rating of the notes. Required rating: Fulfilled If none of the measures is taken within a given timespan, the issuer may enter into new banking arrangements at its own initiative with another account bank. BNY Mellon (Please refer to the prospectus for a complete description of the mechanism) Swap counterparty Fitch S&P DBRS Royal Bank of Canada Long term Short term Outlook Long term Short term Outlook Long term Short term Outlook Current rating* AA F1+ Stable AA- A-1+ Stable n.a. R-1 (high) stable Minimum required rating A F1 - A - - A - - (if no short term rating available, the higher long term rating is applicable) - - - - - - - - - If the swap bank falls below the above mentioned minimum rating (Level I) it shall provide eligible credit support by means of cash or certain types of prime debt obligations If the swap bank ceases to have the even lower rating as an eligible swap counterparty (Level II) it shall, at its own cost, (i) transfer all rights and obligations under the swap agreement to another eligible swap partner or (ii) provide a guarantee from an eligible guarantor. If none of the measures is taken within a given timespan, the Issuer may enter into new arrangements at its own initiative with another swap bank. Required rating: Fulfilled (Please refer to the prospectus for a complete description of the mechanism) Royal Bank of Canada Swap counterparty Fitch S&P DBRS Skandinavska enskilda Banken (SEB) Long term Short term Outlook Long term Short term Outlook Long term Short term Outlook Current rating* A+ F1 Positive A+ A-1 Negative AA (low) R-1 (middle) stable Minimum required rating A F1 - A - - A - - (if no short term rating available, the higher long term rating is applicable) - - - - - - - - - If the swap bank falls below the above mentioned minimum rating (Level I) it shall provide eligible credit support by means of cash or certain types of prime debt obligations If the swap bank ceases to have the even lower rating as an eligible swap counterparty (Level II) it shall, at its own cost, (i) transfer all rights and obligations under the swap agreement to another eligible swap partner or (ii) provide a guarantee from an eligible guarantor. If none of the measures is taken within a given timespan, the Issuer may enter into new arrangements at its own initiative with another swap bank. Required rating: Fulfilled (Please refer to the prospectus for a complete description of the mechanism) Skandinaviska enskilda Banken (SEB) Fitch S&P DBRS Volkswagen Financial Services AG Long term Short term Outlook Long term Short term Outlook Long term2 Short term3 Outlook4 Current rating** A F1 - A- A-2 Positive - - - Minimum required rating BBB+ F2 - BBB A-2 - - - - Servicer Fitch S&P DBRS Volkswagen Leasing GmbH Long term Short term Outlook Long term Short term Outlook Long term Short term Outlook Current rating** - - - A- A-2 Positive - - - Minimum required rating - - - BBB A-2 - - - - *Ratings last updated on 01/08/2014 Required rating: Fulfilled **Rating of Volkswagen Financial Services AG Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 7 / 28

Information regarding the notes I Rating at issue date Series A 2014-1 Series A 2014-2 Fitch AAA(sf) AAA(sf) Standard & Poors AAA(sf) AAA(sf) DBRS AAA(sf) AAA(sf) Current rating Series A 2014-1 Series A 2014-2 Fitch AAA(sf) AAA(sf) Standard & Poors AAA(sf) AAA(sf) DRBS AAA(sf) AAA(sf) Information on notes Series A 2014-1 Series A 2014-2 ISIN XS1028409925 XS1028411319 Common code 102840992 102841131 Original face value 100.000,00 100.000,00 Spread / Margin 0,5500% 0,5500% Current coupon 0,6480% 0,6480% Information on notes Class A-Series Legal final maturity date Sep 20 Fixed/Floating floating Day count convention actual/360 rate (1-Month-Euribor) 0,0980% Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 8 / 28

Information regarding the notes II Monthly period: Payment date: Interest accrual period (from/until) Days accrued rate Base interest rate: Day count convention 07.2014 26.08.2014 25.07.2014 until 26.08.2014 32 1-Month-Euribor 0,0980% actual/360 Interest payments Class A total Series A 2014-1 Series A 2014-2 Total interest amount of the reporting period 124.646,40 89.049,60 35.596,80 Paid interest 124.646,40 89.049,60 35.596,80 Unpaid Interest Spalte1 Spalte2 Spalte3 Unpaid interest of the reporting period 0,00 0,00 0,00 Cumulative unpaid interest 0,00 0,00 0,00 Note Class A Class B Spalte1 Note as of the beginning of the period 216.400.000,00 154.600.000,00 61.800.000,00 Additional issue amount 0,00 0,00 0,00 Redemption amount due to amortizing series 0,00 0,00 0,00 Term take out redemption 0,00 0,00 0,00 Class as of the end of the period 216.400.000,00 154.600.000,00 61.800.000,00 Payments to Investors per note Class A Class B Spalte1 Interest - 57,60 57,60 Principal repayment by note - 0,00 0,00 Total - 57,60 57,60 Notes Spalte2 Spalte3 Spalte4 notes as of the beginning of the period 2.164 1.546 618 Increase of notes from tap-up 0 0 0 Reduction of notes from term take out 0 0 0 notes as of the end of the period 2.164 1.546 618 Face value per note - 100.000,00 100.000,00 Balance per note - 100.000,00 100.000,00 Note factor - 1,000000 1,000000 Overcollateralisation Class A Class B Spalte1 Current OC amount 161.077.087,28 115.076.329,45 46.000.757,83 Current OC percentage 42,6720% 42,6720% 42,6720% Target OC percentage (revolving period/ amortising period) 49,0%/ 52,0% 49,0%/ 52,0% 49,0%/ 52,0% Subordinated loan - Balance as of the beginning of the period 146.669.794,09 Balance increase from tap up 0,00 Redemption payments from term take out 0,00 Regular redemption from waterfall 0,00 Redemption from cash collateral account 0,00 Capitalization of interest 234.410,92 Balance as of the end of the period 146.904.205,01 Current OC amount 14.407.293,19 Current OC percentage 3,8281% Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 9 / 28

Cash collateral account Cash collateral account (CCA) in EUR Initial at poolcut plus increases from tap-up/decrease from TTO 11.209.520,00 Thereof general cash reserve 11.209.520,00 Thereof german trade tax risk reserve 0,00 Targeted (floor) 11.209.520,00 Thereof general cash reserve 11.209.520,00 Thereof german trade tax risk reserve 0,00 Balance as of the beginning of the period 11.209.520,00 Thereof general cash reserve 11.209.520,00 Thereof german trade tax risk reserve 0,00 Payments 0,00 General payment from CCA 0,00 General payment to CCA 0,00 Payment from CCA due to TTO 0,00 Payment to CCA due to tap-up 0,00 Balance as of the end of the period 11.209.520,00 Thereof general cash reserve 11.209.520,00 Thereof german trade tax risk reserve 0,00 General cash reserve in percent of total current note 5,18% Minimum VCLM RV compartment 1 cash collateral account 2.813.200,00 Accrued interest 2.541,19 Set off risk There is no set off risk applicable. Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 10 / 28

Swap fixing / Waterfall Amortising interest rate swap Class A Underlying principal for reporting period 216.400.000,00 Paying leg Fix interest rate Receiving leg Floating interest rate Net swap payments 27.013,93 Available distribution amount calculation Payment Remaining amount a) Available collections amount 757.255,68 757.255,68 b) Accumulation account and distribution account interest 0,58 757.256,26 c) Net swap receipts - series A 0,00 757.256,26 d) Payments from the cash collateral account as provided for in clause 23.2 of the trust agreement 0,00 757.256,26 e) Payments from the VCL Master Residual Value Compartment 1 distribution account pursuant to Clause 22.3(a) item twelfth and 22.3(c) item tenth of the trust agreement 0,00 757.256,26 f) Compartment 1 German trade tax risk reserve decrease amount released persuant to clause 22.4(b) second of the trust agreement 0,00 757.256,26 g) In case of an early amortisation event or after the revolving period, transfers from the compartment 1 accumulation account to the compartment 1 distribution account pursuant to clause 23.4 of the trust 0,00 757.256,26 agreement h) Repayment to Volkswagen Leasing, of any excess servicer advance over the actual lease receivables collections amount 0,00 757.256,26 Purchase price amount (clean-up call) 0,00 757.256,26 Remaining amount from previous period 0,00 757.256,26 Waterfall Payment Remaining amount Available distribution amount - 757.256,26 1) Taxes ( 1.070,00) 756.186,26 2) Payment to security trustee 0,00 756.186,26 3) Payment in respect of fees I ( 327.504,14) 428.682,12 4) Payment in respect of fees II ( 1.640,00) 427.042,12 5) Payment to account bank, cash administrator, principal paying agent, interest determination agent and calculation agent 0,00 427.042,12 6) Equal rank swap payments - Series A ( 27.013,93) 400.028,19 - Net swap payments on series A 2014-1 ( 19.299,23) 407.742,89 - Net swap payments on series A 2014-2 ( 7.714,70) 400.028,19 7) Interest payment class A ( 124.646,40) 275.381,79 (a) Accrued interest & (b) interest shortfalls on series A 2014-1 ( 89.049,60) 310.978,59 (a) Accrued interest & (b) interest shortfalls on series A 2014-2 ( 35.596,80) 275.381,79 8) Payment to cash collateral account 0,00 275.381,79 9) Payment to CCA due to german trade tax increase event 0,00 275.381,79 10) Redemption amount class A 0,00 275.381,79 (a) Redemption on series A 2014-1 0,00 275.381,79 (a) Redemption on series A 2014-2 0,00 275.381,79 Remaining rounding amount from current period 0,00 275.381,79 Payment to the accumulation account ( 275.381,79) 0,00 11) Payments to swap counterparties, not subsumed under item sixth 0,00 0,00 12) Accrued and unpaid interest on the subordinated loan 0,00 0,00 12.1) Interest subordinated loan 0,00 0,00 12.2) Unpaid interest subordinated loan 0,00 0,00 13) Redemption subordinated loan 0,00 0,00 14) Final success fee 0,00 0,00 Distribution of cash collateral account surplus Payment Remaining amount Payment from CCA - Payment to subordinated lender 0,00 0,00 German trade tax reserve decrease 0,00 0,00 German trade tax reserve decrease event - payment to distribution account 0,00 0,00 Payment in respect of regular interest of subordianted loan 0,00 0,00 Payment in respect of regular redemption of subordianted loan 0,00 0,00 Final success fee 0,00 0,00 Payments due to term take out - not part of the waterfall Payment Remaining amount Purchase price from term take out 0,00 0,00 Redemption class A 0,00 0,00 Redemption subordinated loan 0,00 0,00 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 11 / 28

Retention of net economic interest Period Pool cut Balance at the end of the Balance as of the end of the period - before top/tap-up period First loss piece 69.464.904,91 64.548.267,39 64.548.267,39 Overcollateralization 58.255.384,91 52.566.262,36 52.566.262,36 Accumulation account 0,00 772.485,03 772.485,03 Cash collateral account 11.209.520,00 11.209.520,00 11.209.520,00 Issued tranches 361.911.695,70 363.304.205,01 363.304.205,01 A-Note 216.400.000,00 216.400.000,00 216.400.000,00 Subordinated loan 145.511.695,70 146.904.205,01 146.904.205,01 Actual retention 19,19% 17,77% 17,77% In its capacity as originator and original lender, Volkswagen Leasing GmbH complies with the retention requirement of a material net economic interest in accordance with option (d) Article 405 (1) CRR. By adhering to option d) of the CRR, Volkswagen Leasing will keep the exposures designated for retention on its sheet on an ongoing basis. The latest end of month level of retention will be published on a monthly basis with this investor report. Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 12 / 28

Amortisation profile I Note class Class A Payment date Actual note Forecasted note Poolcut 216.400.000,00-03.2014 216.400.000,00-04.2014 216.400.000,00-05.2014 216.400.000,00-06.2014 216.400.000,00-07.2014 216.400.000,00-08.2014 216.400.000,00-09.2014-216.400.000,00 10.2014-215.008.814,02 11.2014-213.596.462,97 12.2014-212.216.176,56 01.2015-210.698.535,46 02.2015-208.977.029,96 03.2015-206.892.809,75 04.2015-204.432.684,70 05.2015-201.669.820,59 06.2015-198.741.956,72 07.2015-194.644.647,01 08.2015-190.138.266,59 09.2015-183.467.820,30 10.2015-175.500.665,29 11.2015-166.951.412,11 12.2015-160.367.614,50 01.2016-149.242.955,78 02.2016-141.549.100,55 03.2016-134.431.069,85 04.2016-125.890.028,28 05.2016-117.498.526,27 06.2016-108.415.947,25 07.2016-97.851.010,40 08.2016-87.557.351,63 09.2016-71.649.680,03 10.2016-56.104.063,57 11.2016-43.505.910,49 12.2016-42.069.537,27 01.2017-39.647.402,25 02.2017-36.994.883,48 03.2017-34.450.692,65 04.2017-31.045.114,94 05.2017-28.146.782,33 06.2017-25.151.212,35 07.2017-21.689.236,91 08.2017-18.153.017,30 09.2017-0,00 10.2017-0,00 11.2017-0,00 *Based on the following assumptions: CPR of 5% and Clean-Up-Call at 10% of the oustanding portfolio. Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 13 / 28

Amortisation profile II in EUR 250.000.000 200.000.000 Amortisation profile Class A-Notes Actual Amort. A-Notes Expected Amort. A-Notes Assuming a Clean-Up Call at 10% of the initial, annual prepayments of 5% and 0% defaults 150.000.000 100.000.000 50.000.000 Reporting period 0 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 14 / 28

Run out schedule I Payment period Principal Interest Instalment arrears 0,00 0,00 0,00 08.2014 16.362,79 67,05 16.429,84 09.2014 38.716,77 296,53 39.013,30 10.2014 88.443,07 1.106,18 89.549,25 11.2014 120.443,78 1.911,80 122.355,58 12.2014 89.075,55 1.765,47 90.841,02 01.2015 266.802,34 6.405,70 273.208,04 02.2015 432.101,94 11.910,86 444.012,80 03.2015 805.641,08 25.080,57 830.721,65 04.2015 1.191.355,44 41.260,36 1.232.615,80 05.2015 1.487.204,38 57.391,61 1.544.595,99 06.2015 1.695.698,69 71.605,69 1.767.304,38 07.2015 2.836.973,39 131.230,49 2.968.203,88 08.2015 3.297.891,74 163.901,40 3.461.793,14 09.2015 5.475.011,14 293.885,50 5.768.896,64 10.2015 6.800.133,34 390.864,32 7.190.997,66 11.2015 7.411.194,51 453.140,98 7.864.335,49 12.2015 5.437.280,64 351.513,65 5.788.794,29 01.2016 10.003.314,44 690.979,18 10.694.293,62 02.2016 12.835.302,88 936.801,23 13.772.104,11 03.2016 14.937.726,93 1.144.646,50 16.082.373,43 04.2016 18.432.254,93 1.482.724,18 19.914.979,11 05.2016 18.166.668,45 1.532.675,07 19.699.343,52 06.2016 19.898.498,29 1.759.452,73 21.657.951,02 07.2016 23.432.980,23 2.169.826,10 25.602.806,33 08.2016 22.908.215,03 2.203.752,36 25.111.967,39 09.2016 36.144.088,27 3.628.843,58 39.772.931,85 10.2016 35.437.629,22 3.699.667,08 39.137.296,30 11.2016 28.701.617,50 3.097.293,21 31.798.910,71 12.2016 2.933.146,41 328.054,32 3.261.200,73 01.2017 5.100.164,04 593.377,15 5.693.541,19 02.2017 5.747.899,36 693.293,43 6.441.192,79 03.2017 5.649.144,42 702.213,36 6.351.357,78 04.2017 7.801.863,94 1.000.264,76 8.802.128,70 05.2017 6.664.814,08 882.096,92 7.546.911,00 06.2017 6.922.835,57 945.607,55 7.868.443,12 07.2017 8.023.754,89 1.131.148,52 9.154.903,41 08.2017 8.187.867,75 1.185.187,74 9.373.055,49 09.2017 12.282.618,48 1.830.554,35 14.113.172,83 10.2017 11.285.742,81 1.729.976,72 13.015.719,53 11.2017 9.914.545,86 1.556.653,02 11.471.198,88 12.2017 455.206,82 73.434,97 528.641,79 01.2018 628.751,54 104.334,85 733.086,39 02.2018 459.984,37 78.285,31 538.269,68 03.2018 652.620,55 113.551,91 766.172,46 04.2018 697.305,56 124.279,85 821.585,41 05.2018 762.781,66 139.196,17 901.977,83 06.2018 547.569,87 102.402,18 649.972,05 07.2018 592.758,42 113.435,60 706.194,02 08.2018 667.304,28 130.366,30 797.670,58 09.2018 1.053.333,71 210.421,12 1.263.754,83 10.2018 1.041.797,74 212.817,33 1.254.615,07 11.2018 891.566,72 185.508,95 1.077.075,67 12.2018 0,00 0,00 0,00 01.2019 0,00 0,00 0,00 02.2019 0,00 0,00 0,00 03.2019 0,00 0,00 0,00 04.2019 0,00 0,00 0,00 05.2019 0,00 0,00 0,00 06.2019 0,00 0,00 0,00 Total 377.354.005,61 38.516.461,76 415.870.467,37 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 15 / 28

01.2014 03.2014 05.2014 07.2014 09.2014 11.2014 01.2015 03.2015 05.2015 07.2015 09.2015 11.2015 01.2016 03.2016 05.2016 07.2016 09.2016 11.2016 01.2017 03.2017 05.2017 07.2017 09.2017 11.2017 01.2018 03.2018 05.2018 07.2018 09.2018 11.2018 01.2019 03.2019 Publication date: 18.08.2014 Run out schedule II in EUR 400.000.000 350.000.000 Expected amortisation of the asset-portfolio The expected Portfolio amortisation is solely based on the scheduled payments according to rental plan, no assumptions on prepayments or defaults are made. 300.000.000 250.000.000 200.000.000 150.000.000 100.000.000 50.000.000 0 Reporting period Expected Discounted Asset-Portfolio Actual Discounted Asset-Portfolio Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 16 / 28

Collections by source - Collections Payments due from regular contract terminations - 0,00 Payment due from early settlement or contract changes - 757.255,68 Total - 757.255,68 Collections by status Collections Current 29.770 27.527,43 Delinquent 220 0,00 Default 80 0,00 End of term 2 0,00 Early settlement 264 729.728,25 Write-Off 0 0,00 Total 30.336 757.255,68 Evolution of pool during the reporting period active nominal Balance as of the begin of the period 30.124 376.749.410,33 416.697.006,14 Balance at the end of the period - before top/tap-up 30.070 377.354.005,61 415.870.467,37 Top/tap-up of the period 0 0,00 0,00 Term take out 0 0,00 0,00 Balance as of the end of the period 30.070 377.354.005,61 415.870.467,37 Contract status development I Current 30.336 373.106.912,06 29.006 355.751.383,60 504 5.887.060,97 826 11.468.467,49 22.443 281.089.599,95 7.893 92.017.312,11 Delinquent 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Default 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 End of term 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Early settlement 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Write-Off 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Total 30.336 373.106.912,06 29.006 355.751.383,60 504 5.887.060,97 826 11.468.467,49 22.443 281.089.599,95 7.893 92.017.312,11 Contract status development II Current 29.770 373.461.912,65 28.498 356.573.394,51 475 5.698.228,67 797 11.190.289,47 21.887 280.183.970,55 7.883 93.277.942,10 Delinquent 220 3.024.468,08 203 2.744.462,54 9 119.816,45 8 160.189,09 144 1.983.786,73 76 1.040.681,35 Default 80 867.624,88 66 707.677,79 4 39.703,54 10 120.243,55 63 692.064,24 17 175.560,64 End of term 2 0,00 2 0,00 0 0,00 0 0,00 1 0,00 1 0,00 Early settlement 264 0,00 237 0,00 16 0,00 11 0,00 215 0,00 49 0,00 Write-Off 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Total 30.336 377.354.005,61 29.006 360.025.534,84 504 5.857.748,66 826 11.470.722,11 22.310 282.859.821,52 8.026 94.494.184,09 3 4,00 5 6,00 7 8,00 9 10,00 13 14 17 18 Contract status development III Contract status as of the end of the current period Current Delinquent Default End of term Early settlement Write-Off Contract status as of the begin of the period Total portfolio as of pool cut date Total portfolio as of current reporting period Top-/Tap-Up 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Current 29.638 371.991.981,64 107 1.505.749,89 9 102.551,28 0 0,00 46 0,00 0 0,00 Delinquent 131 1.465.279,51 111 1.501.353,01 22 266.591,88 0 0,00 1 0,00 0 0,00 Default 1 4.651,50 2 17.365,18 49 498.481,72 0 0,00 7 0,00 0 0,00 End of term 0 0,00 0 0,00 0 0,00 2 0,00 0 0,00 0 0,00 Early settlement 0 0,00 0 0,00 0 0,00 0 0,00 210 0,00 0 0,00 Write-Off 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Total 29.770 373.461.912,65 220 3.024.468,08 80 867.624,88 2 0,00 264 0,00 0 0,00 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 17 / 28

Delinquencies & defaults I Days in arrears Delinquent Delinquent early settlements 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 30 <= 60 147 0,49% 1.524.895,69 0,40% 139 1.437.404,62 3 35.952,85 5 51.538,22 87 937.691,59 60 587.204,10 > 60 <= 90 46 0,15% 494.451,80 0,13% 40 429.886,71 5 56.894,87 1 7.670,22 37 428.167,08 9 66.284,72 > 90 <= 120 14 0,05% 180.500,01 0,05% 12 132.266,53 0 0,00 2 48.233,48 10 131.616,22 4 48.883,79 > 120 <= 150 7 0,02% 113.425,91 0,03% 6 103.299,35 1 10.126,56 0 0,00 6 110.299,92 1 3.125,99 > 150 <= 180 3 0,01% 40.326,88 0,01% 3 40.326,88 0 0,00 0 0,00 1 18.296,35 2 22.030,53 > 180 <= 210 3 0,01% 39.903,86 0,01% 3 39.903,86 0 0,00 0 0,00 3 39.903,86 0 0,00 > 210 <=240 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 240 <= 270 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 270 <= 300 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 300 <= 330 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 330 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Total 220 0,73% 2.393.504,15 0,63% 203 2.183.087,95 9 102.974,28 8 107.441,92 144 1.665.975,02 76 727.529,13 3.000.000 Delinquencies I - of delinquent 2.500.000 2.000.000 1.500.000 1.000.000 500.000 0 Reporting period not delinquent > 30 <= 60 > 60 <= 90 > 90 <= 120 > 120 <= 150 > 150 <= 180 > 180 <= 210 > 210 <=240 > 240 <= 270 > 270 <= 300 > 300 <= 330 > 330 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 18 / 28

Delinquencies & defaults II Days in arrears Defaulted at day of default Delinquent early settlements 7 0,02% 67.592,12 0,02% 73.529,53 6 57.719,86 0 0,00 1 9.872,26 5 40.219,88 2 27.372,24 > 30 <= 60 12 0,04% 112.241,67 0,03% 116.557,47 8 77.565,39 2 16.584,58 2 18.091,70 9 89.720,64 3 22.521,03 > 60 <= 90 9 0,03% 99.073,25 0,03% 99.379,39 7 84.760,68 0 0,00 2 14.312,57 9 99.073,25 0 0,00 > 90 <= 120 24 0,08% 252.141,27 0,07% 254.405,16 20 191.431,88 1 13.602,60 3 47.106,79 16 166.040,24 8 86.101,03 > 120 <= 150 16 0,05% 163.905,11 0,04% 166.725,91 14 128.805,74 1 24.315,64 1 10.783,73 13 138.451,44 3 25.453,67 > 150 <= 180 7 0,02% 84.932,39 0,02% 95.198,14 7 84.932,39 0 0,00 0 0,00 6 77.744,71 1 7.187,68 > 180 <= 210 5 0,02% 96.845,69 0,03% 96.845,69 4 65.155,63 0 0,00 1 31.690,06 5 96.845,69 0 0,00 > 210 <=240 0 0,00% 0,00 0,00% 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 240 <= 270 0 0,00% 0,00 0,00% 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 270 <= 300 0 0,00% 0,00 0,00% 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 300 <= 330 0 0,00% 0,00 0,00% 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 330 0 0,00% 0,00 0,00% 0,00 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Total 80 0,27% 876.731,50 0,23% 902.641,29 66 690.371,57 4 54.502,82 10 131.857,11 63 708.095,85 17 168.635,65 3.000.000 Delinquencies II - of default 2.500.000 2.000.000 1.500.000 1.000.000 500.000 0 Reporting period not delinquent > 30 <= 60 > 60 <= 90 > 90 <= 120 > 120 <= 150 > 150 <= 180 > 180 <= 210 > 210 <=240 > 240 <= 270 > 270 <= 300 > 300 <= 330 > 330 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 19 / 28

Delinquencies & defaults III Days in arrears Delinquent early settlements 7 0,02% 67.592,12 0,02% 6 57.719,86 0 0,00 1 9.872,26 5 40.219,88 2 27.372,24 > 30 <= 60 159 0,53% 1.637.137,36 0,43% 147 1.514.970,01 5 52.537,43 7 69.629,92 96 1.027.412,23 63 609.725,13 > 60 <= 90 55 0,18% 593.525,05 0,16% 47 514.647,39 5 56.894,87 3 21.982,79 46 527.240,33 9 66.284,72 > 90 <= 120 38 0,13% 432.641,28 0,12% 32 323.698,41 1 13.602,60 5 95.340,27 26 297.656,46 12 134.984,82 > 120 <= 150 23 0,07% 277.331,02 0,07% 20 232.105,09 2 34.442,20 1 10.783,73 19 248.751,36 4 28.579,66 > 150 <= 180 10 0,03% 125.259,27 0,03% 10 125.259,27 0 0,00 0 0,00 7 96.041,06 3 29.218,21 > 180 <= 210 8 0,03% 136.749,55 0,04% 7 105.059,49 0 0,00 1 31.690,06 8 136.749,55 0 0,00 > 210 <=240 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 240 <= 270 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 270 <= 300 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 300 <= 330 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 > 330 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Total 300 1,00% 3.270.235,65 0,86% 269 2.873.459,52 13 157.477,10 18 239.299,03 207 2.374.070,87 93 896.164,78 3.000.000 Delinquent and defaulted New vehicle Used vehicle Demonstration vehicles Delinquencies III - of delinquent and default Retail Corporate 2.500.000 2.000.000 1.500.000 1.000.000 500.000 0 Reporting period not delinquent > 30 <= 60 > 60 <= 90 > 90 <= 120 > 120 <= 150 > 150 <= 180 > 180 <= 210 > 210 <=240 > 240 <= 270 > 270 <= 300 > 300 <= 330 > 330 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 20 / 28

Write-Offs Write-Offs of end of the Amount monthly period 31.07.2014 81 242.059,25 Cumulative Write-Offs as of the end of the monthly period Discounted of all initial and additional assets Cumulative net loss ratio 8.239.390,87 9.643.795.616,83 0,08544% Current period Cumulative Write-Offs Monthly period Write-Offs Write-Offs 31.01.2010 0 0,00 0 0,00 28.02.2010 0 0,00 0 0,00 31.03.2010 0 0,00 0 0,00 30.04.2010 0 0,00 0 0,00 31.05.2010 0 0,00 0 0,00 30.06.2010 0 0,00 0 0,00 31.07.2010 0 0,00 0 0,00 31.08.2010 9 50.295,01 9 50.295,01 30.09.2010 2 8.071,60 11 58.366,61 31.10.2010 7 30.954,84 18 89.321,45 30.11.2010 15 70.163,12 33 159.484,57 31.12.2010 11 71.387,33 44 230.871,90 31.01.2011 16 73.685,61 60 304.557,51 28.02.2011 7 34.411,99 67 338.969,50 31.03.2011 9 62.592,15 76 401.561,65 30.04.2011 15 86.288,20 91 487.849,85 31.05.2011 20 101.111,11 111 588.960,96 30.06.2011 42 172.816,37 153 761.777,33 31.07.2011 31 152.827,80 184 914.605,13 31.08.2011 18 80.559,83 202 995.164,96 30.09.2011 34 188.002,31 236 1.183.167,27 31.10.2011 18 73.464,24 254 1.256.631,51 30.11.2011 56 213.523,67 310 1.470.155,18 31.12.2011 45 152.121,74 355 1.622.276,92 31.01.2012 60 193.538,76 415 1.815.815,68 29.02.2012 37 162.341,73 452 1.978.157,41 31.03.2012 73 214.516,98 525 2.192.674,39 30.04.2012 53 162.973,38 578 2.355.647,77 31.05.2012 14 68.864,93 592 2.424.512,70 30.06.2012 38 153.404,88 630 2.577.917,58 31.07.2012 35 113.867,54 665 2.691.785,12 31.08.2012 47 177.292,45 712 2.869.077,57 30.09.2012 54 177.080,66 766 3.046.158,23 31.10.2012 59 225.031,79 825 3.271.190,02 30.11.2012 45 170.377,61 870 3.441.567,63 31.12.2012 65 245.057,95 935 3.686.625,58 31.01.2013 67 225.971,81 1.002 3.912.597,39 28.02.2013 33 157.041,93 1.035 4.069.639,32 31.03.2013 62 208.030,55 1.097 4.277.669,87 30.04.2013 46 153.804,88 1.143 4.431.474,75 31.05.2013 49 158.329,55 1.192 4.589.804,30 30.06.2013 27 171.516,66 1.219 4.761.320,96 31.07.2013 59 241.886,34 1.278 5.003.207,30 31.08.2013 63 242.837,83 1.341 5.246.045,13 30.09.2013 97 367.680,37 1.438 5.613.725,50 31.10.2013 77 314.686,24 1.515 5.928.411,74 30.11.2013 69 201.914,66 1.584 6.130.326,40 31.12.2013 60 270.680,39 1.644 6.401.006,79 31.01.2014 125 479.994,04 1.769 6.881.000,83 28.02.2014 45 177.950,17 1.814 7.058.951,00 31.03.2014 37 135.841,70 1.851 7.194.792,70 30.04.2014 84 303.345,41 1.935 7.498.138,11 31.05.2014 83 272.401,06 2.018 7.770.539,17 30.06.2014 64 226.792,45 2.082 7.997.331,62 31.07.2014 81 242.059,25 2.163 8.239.390,87 31.08.2014 - - - - 30.09.2014 - - - - 31.10.2014 - - - - 30.11.2014 - - - - 31.12.2014 - - - - Total 2.082 7.997.331,62 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 21 / 28

Prepayments Reporting period Unscheduled payments Discounted as of previous period Periodic CPR Annualised CPR Pool cut - - - - 28.02.2014 678.540,81 373.106.912,06 0,182% 2,161% 31.03.2014 611.165,29 373.780.519,83 0,164% 1,945% 30.04.2014 522.934,32 374.524.876,36 0,140% 1,663% 31.05.2014 817.271,16 375.361.224,89 0,218% 2,582% 30.06.2014 511.261,60 375.902.920,39 0,136% 1,620% 31.07.2014 759.375,22 376.749.410,33 0,202% 2,392% 31.08.2014 - - - - 30.09.2014 - - - - 31.10.2014 - - - - 30.11.2014 - - - - 31.12.2014 - - - - 31.01.2015 - - - - 28.02.2015 - - - - 31.03.2015 - - - - 30.04.2015 - - - - 31.05.2015 - - - - 30.06.2015 - - - - 31.07.2015 - - - - 31.08.2015 - - - - 30.09.2015 - - - - 31.10.2015 - - - - 30.11.2015 - - - - 31.12.2015 - - - - 31.01.2016 - - - - 29.02.2016 - - - - 31.03.2016 - - - - 30.04.2016 - - - - 31.05.2016 - - - - 30.06.2016 - - - - 31.07.2016 - - - - 31.08.2016 - - - - 30.09.2016 - - - - 31.10.2016 - - - - 30.11.2016 - - - - 31.12.2016 - - - - 31.01.2017 - - - - 28.02.2017 - - - - 31.03.2017 - - - - 30.04.2017 - - - - 31.05.2017 - - - - 30.06.2017 - - - - 31.07.2017 - - - - 31.08.2017 - - - - 30.09.2017 - - - - 31.10.2017 - - - - 30.11.2017 - - - - 31.12.2017 - - - - 31.01.2018 - - - - 28.02.2018 - - - - 31.03.2018 - - - - 30.04.2018 - - - - 31.05.2018 - - - - 30.06.2018 - - - - 31.07.2018 - - - - 31.08.2018 - - - - 30.09.2018 - - - - 31.10.2018 - - - - 30.11.2018 - - - - 31.12.2018 - - - - 31.01.2019 - - - - The annualised constant prepayment rate (CPR) of the underlying receivables based upon the most recent periodic CPR. Periodic CPR is equal to the total unscheduled principal received in the most recent period divided by the start of period principal. This is then annualised as follows: 1-((1-Periodic CPR)^number of periods in a year) Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 22 / 28

Pool data I Distribution by payment type Direct borrower account debit 28.082 93,39% 353.451.295,35 93,67% 26.828 336.699.118,73 468 5.654.321,13 786 11.097.855,49 21.353 273.812.721,10 6.729 79.638.574,25 Others 1.988 6,61% 23.902.710,26 6,33% 1.939 23.326.416,11 20 203.427,53 29 372.866,62 741 9.047.100,42 1.247 14.855.609,84 Total 30.070 100,00% 377.354.005,61 100,00% 28.767 360.025.534,84 488 5.857.748,66 815 11.470.722,11 22.094 282.859.821,52 7.976 94.494.184,09 Distribution by contract concentration 1 17.370 57,77% 231.499.411,21 61,35% 16.254 216.195.905,38 407 5.069.249,57 709 10.234.256,26 16.453 219.950.338,30 917 11.549.072,91 2-10 11.709 38,94% 135.297.805,60 35,85% 11.531 133.398.292,69 80 768.286,26 98 1.131.226,65 5.641 62.909.483,22 6.068 72.388.322,38 11-20 948 3,15% 10.086.811,08 2,67% 939 9.961.359,05 1 20.212,83 8 105.239,20 0 0,00 948 10.086.811,08 21-50 43 0,14% 469.977,72 0,12% 43 469.977,72 0 0,00 0 0,00 0 0,00 43 469.977,72 > 50 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Total 30.070 100,00% 377.354.005,61 100,00% 28.767 360.025.534,84 488 5.857.748,66 815 11.470.722,11 22.094 282.859.821,52 7.976 94.494.184,09 Distribution by largest lessee Total porfolio Total porfolio Total porfolio 1 19 0,06% 187.120,85 0,05% 19 187.120,85 0 0,00 0 0,00 0 0,00 19 187.120,85 2 18 0,06% 157.187,61 0,04% 18 157.187,61 0 0,00 0 0,00 0 0,00 18 157.187,61 3 8 0,03% 157.001,22 0,04% 8 157.001,22 0 0,00 0 0,00 0 0,00 8 157.001,22 4 10 0,03% 153.721,57 0,04% 10 153.721,57 0 0,00 0 0,00 0 0,00 10 153.721,57 5 15 0,05% 150.893,65 0,04% 15 150.893,65 0 0,00 0 0,00 0 0,00 15 150.893,65 6 5 0,02% 148.120,49 0,04% 5 148.120,49 0 0,00 0 0,00 0 0,00 5 148.120,49 7 15 0,05% 145.413,02 0,04% 15 145.413,02 0 0,00 0 0,00 0 0,00 15 145.413,02 8 11 0,04% 141.853,21 0,04% 4 45.308,65 1 20.212,83 6 76.331,73 0 0,00 11 141.853,21 9 9 0,03% 139.908,14 0,04% 9 139.908,14 0 0,00 0 0,00 0 0,00 9 139.908,14 10 8 0,03% 135.242,80 0,04% 8 135.242,80 0 0,00 0 0,00 0 0,00 8 135.242,80 11 15 0,05% 134.589,36 0,04% 15 134.589,36 0 0,00 0 0,00 0 0,00 15 134.589,36 12 9 0,03% 133.998,54 0,04% 9 133.998,54 0 0,00 0 0,00 0 0,00 9 133.998,54 13 9 0,03% 133.635,38 0,04% 9 133.635,38 0 0,00 0 0,00 0 0,00 9 133.635,38 14 7 0,02% 130.710,09 0,03% 7 130.710,09 0 0,00 0 0,00 7 130.710,09 0 0,00 15 8 0,03% 129.868,48 0,03% 8 129.868,48 0 0,00 0 0,00 0 0,00 8 129.868,48 16 11 0,04% 128.300,08 0,03% 11 128.300,08 0 0,00 0 0,00 0 0,00 11 128.300,08 17 13 0,04% 127.045,60 0,03% 13 127.045,60 0 0,00 0 0,00 0 0,00 13 127.045,60 18 8 0,03% 126.108,43 0,03% 8 126.108,43 0 0,00 0 0,00 0 0,00 8 126.108,43 19 10 0,03% 125.685,50 0,03% 10 125.685,50 0 0,00 0 0,00 0 0,00 10 125.685,50 20 7 0,02% 124.622,64 0,03% 7 124.622,64 0 0,00 0 0,00 0 0,00 7 124.622,64 Total 1-20 215 0,71% 2.811.026,66 0,74% 208 2.714.482,10 1 20.212,83 6 76.331,73 7 130.710,09 208 2.680.316,57 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 23 / 28

Pool data II Distribution by Total porfolio 0,01-5.000,00 1.582 5,26% 6.592.755,22 1,75% 1.437 6.036.664,54 65 240.416,36 80 315.674,32 1.343 5.614.103,25 239 978.651,97 5.000,01-10.000,00 10.487 34,88% 82.249.876,77 21,80% 10.077 79.126.262,12 177 1.348.776,07 233 1.774.838,58 7.461 57.807.494,81 3.026 24.442.381,96 10.000,01-15.000,00 10.280 34,19% 125.448.952,93 33,24% 9.989 121.910.465,13 103 1.226.890,31 188 2.311.597,49 7.146 87.392.290,10 3.134 38.056.662,83 15.000,01-20.000,00 4.199 13,96% 71.908.919,46 19,06% 4.011 68.660.488,11 66 1.143.645,21 122 2.104.786,14 3.169 54.334.292,90 1.030 17.574.626,56 20.000,01-25.000,00 1.905 6,34% 42.434.721,99 11,25% 1.760 39.192.782,36 49 1.087.802,12 96 2.154.137,51 1.542 34.385.051,65 363 8.049.670,34 25.000,01-30.000,00 1.019 3,39% 27.677.783,18 7,33% 930 25.263.728,11 20 541.220,83 69 1.872.834,24 889 24.158.080,76 130 3.519.702,42 > 30.000,00 598 1,99% 21.040.996,06 5,58% 563 19.835.144,47 8 268.997,76 27 936.853,83 544 19.168.508,05 54 1.872.488,01 Total 30.070 100,00% 377.354.005,61 100,00% 28.767 360.025.534,84 488 5.857.748,66 815 11.470.722,11 22.094 282.859.821,52 7.976 94.494.184,09 Statistics Minimum Maximum Average 860,69 68.396,48 12.549,19 Distribution by nominal Total porfolio 0,01-5.000,00 884 2,94% 3.281.594,39 0,87% 782 2.928.514,28 45 145.263,24 57 207.816,87 747 2.790.327,07 137 491.267,32 5.000,01-10.000,00 8.577 28,52% 60.802.450,59 16,11% 8.201 58.204.287,23 168 1.168.227,77 208 1.429.935,59 6.272 43.720.117,74 2.305 17.082.332,85 10.000,01-15.000,00 10.773 35,83% 120.105.518,58 31,83% 10.475 116.825.294,01 115 1.260.323,14 183 2.019.901,43 7.355 81.915.057,82 3.418 38.190.460,76 15.000,01-20.000,00 5.229 17,39% 81.384.151,92 21,57% 5.025 78.180.237,26 63 1.004.362,14 141 2.199.552,52 3.892 60.530.651,63 1.337 20.853.500,29 20.000,01-25.000,00 2.233 7,43% 45.114.924,17 11,96% 2.102 42.439.623,28 51 1.045.762,18 80 1.629.538,71 1.766 35.668.266,71 467 9.446.657,46 25.000,01-30.000,00 1.337 4,45% 33.123.216,17 8,78% 1.219 30.228.258,56 29 706.687,70 89 2.188.269,91 1.127 27.932.456,38 210 5.190.759,79 > 30.000,00 1.037 3,45% 33.542.149,79 8,89% 963 31.219.320,22 17 527.122,49 57 1.795.707,08 935 30.302.944,17 102 3.239.205,62 Total 30.070 100,00% 377.354.005,61 100,00% 28.767 360.025.534,84 488 5.857.748,66 815 11.470.722,11 22.094 282.859.821,52 7.976 94.494.184,09 Statistics Minimum nominal Maximum nominal Average nominal 868,70 75.329,79 13.830,08 Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 24 / 28

Pool data III Distribution by remaining term 01-12 1.048 3,49% 12.220.249,27 3,24% 1.003 11.773.445,45 25 204.163,83 20 242.639,99 657 7.704.828,89 391 4.515.420,38 13-24 12.190 40,54% 165.487.971,05 43,85% 11.738 158.824.120,39 180 2.188.081,02 272 4.475.769,64 8.305 116.899.930,38 3.885 48.588.040,67 25-36 12.681 42,17% 157.563.390,91 41,75% 12.096 149.588.102,98 224 2.841.299,70 361 5.133.988,23 9.624 122.067.742,04 3.057 35.495.648,87 37-48 3.802 12,64% 39.057.482,40 10,35% 3.598 36.961.012,91 57 598.067,59 147 1.498.401,90 3.198 33.479.095,78 604 5.578.386,62 49-60 349 1,16% 3.024.911,98 0,80% 332 2.878.853,11 2 26.136,52 15 119.922,35 310 2.708.224,43 39 316.687,55 61-72 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 >72 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Total 30.070 100,00% 377.354.005,61 100,00% 28.767 360.025.534,84 488 5.857.748,66 815 11.470.722,11 22.094 282.859.821,52 7.976 94.494.184,09 Distribution by seasoning Total porfolio Statistics Minimum Remaining Term 1 Maximum Remaining Term 51 Weighted Average Remaining Term 25 Total porfolio 01-12 11.191 37,22% 138.980.395,58 36,83% 10.719 132.341.324,72 202 2.693.475,24 270 3.945.595,62 8.222 103.997.436,95 2.969 34.982.958,63 13-24 17.551 58,37% 223.474.170,32 59,22% 16.783 213.414.255,44 265 2.993.919,31 503 7.065.995,57 12.860 167.279.804,10 4.691 56.194.366,22 25-36 1.284 4,27% 14.505.988,44 3,84% 1.227 13.923.712,55 18 144.113,31 39 438.162,58 975 11.249.729,21 309 3.256.259,23 37-48 44 0,15% 393.451,27 0,10% 38 346.242,13 3 26.240,80 3 20.968,34 37 332.851,26 7 60.600,01 49-60 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 61-72 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 >72 0 0,00% 0,00 0,00% 0 0,00 0 0,00 0 0,00 0 0,00 0 0,00 Total 30.070 100,00% 377.354.005,61 100,00% 28.767 360.025.534,84 488 5.857.748,66 815 11.470.722,11 22.094 282.859.821,52 7.976 94.494.184,09 Statistics Minimum seasoning 9 Maximum seasoning 45 Weighted average seasoning 15 The stratification tables are based on cash flow characteristics. Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 25 / 28

Pool data IV Distribution by brand VW 12.071 40,14% 131.273.994,51 34,79% 11.676 126.341.130,39 211 2.745.581,47 184 2.187.282,65 8.385 92.841.103,79 3.686 38.432.890,72 VW LCV 5.270 17,53% 52.240.413,94 13,84% 4.959 49.298.029,80 139 1.267.209,23 172 1.675.174,91 4.041 40.424.286,74 1.229 11.816.127,20 Audi 8.324 27,68% 155.331.392,11 41,16% 7.880 147.011.345,65 107 1.587.819,05 337 6.732.227,41 6.155 118.871.665,80 2.169 36.459.726,31 Seat 982 3,27% 8.072.863,74 2,14% 921 7.659.345,94 7 47.737,97 54 365.779,83 817 6.678.595,95 165 1.394.267,79 Skoda 3.363 11,18% 29.821.000,83 7,90% 3.287 29.253.480,79 9 64.683,45 67 502.836,59 2.658 23.667.924,66 705 6.153.076,17 Other brands 60 0,20% 614.340,48 0,16% 44 462.202,27 15 144.717,49 1 7.420,72 38 376.244,58 22 238.095,90 Total 30.070 100,00% 377.354.005,61 100,00% 28.767 360.025.534,84 488 5.857.748,66 815 11.470.722,11 22.094 282.859.821,52 7.976 94.494.184,09 Distribution by geographic distribution Baden-Wuerttemberg 4.744 15,78% 61.185.581,07 16,21% 4.560 58.449.698,18 51 648.313,65 133 2.087.569,24 3.425 44.843.844,59 1.319 16.341.736,48 Bavaria 5.085 16,91% 69.123.192,53 18,32% 4.815 65.493.053,69 117 1.386.426,08 153 2.243.712,76 3.699 51.858.911,19 1.386 17.264.281,34 Berlin 835 2,78% 10.619.667,60 2,81% 782 9.915.850,98 26 325.063,29 27 378.753,33 639 8.273.272,61 196 2.346.394,99 Brandenburg 614 2,04% 6.727.932,67 1,78% 578 6.339.337,40 18 178.374,16 18 210.221,11 455 5.182.449,91 159 1.545.482,76 Bremen 335 1,11% 4.063.638,01 1,08% 324 3.920.011,15 3 34.628,83 8 108.998,03 190 2.391.513,71 145 1.672.124,30 Hamburg 962 3,20% 12.274.228,07 3,25% 930 11.788.595,56 10 152.071,86 22 333.560,65 704 9.143.530,14 258 3.130.697,93 Hesse 2.319 7,71% 30.191.673,70 8,00% 2.230 28.995.281,07 38 462.597,34 51 733.795,29 1.673 22.084.480,59 646 8.107.193,11 Lower Saxony 2.937 9,77% 34.465.926,82 9,13% 2.830 33.144.877,42 38 430.618,07 69 890.431,33 2.150 25.713.004,63 787 8.752.922,19 Mecklenburg-Vorpommern 473 1,57% 5.104.956,32 1,35% 454 4.869.116,42 7 72.941,26 12 162.898,64 384 4.247.257,69 89 857.698,63 North Rhine-Westphalia 6.531 21,72% 81.880.292,05 21,70% 6.275 78.650.148,70 92 1.071.201,97 164 2.158.941,38 4.641 59.413.583,92 1.890 22.466.708,13 Rhineland-Palatinate 972 3,23% 12.067.696,81 3,20% 929 11.508.716,73 11 110.036,81 32 448.943,27 731 9.405.928,74 241 2.661.768,07 Saarland 168 0,56% 2.133.264,52 0,57% 155 1.905.225,36 3 80.434,09 10 147.605,07 135 1.745.215,99 33 388.048,53 Saxony 1.598 5,31% 18.712.204,97 4,96% 1.527 17.799.911,97 29 327.172,66 42 585.120,34 1.317 15.534.746,66 281 3.177.458,31 Saxony-Anhalt 690 2,29% 7.418.431,76 1,97% 652 6.974.776,13 18 223.254,11 20 220.401,52 555 6.043.538,80 135 1.374.892,96 Schleswig-Holstein 1.032 3,43% 12.584.078,02 3,33% 995 12.143.618,95 14 165.424,50 23 275.034,57 786 9.934.847,21 246 2.649.230,81 Thuringia 773 2,57% 8.780.379,35 2,33% 730 8.115.377,42 12 180.266,35 31 484.735,58 608 7.022.833,80 165 1.757.545,55 Foreign countries (*) 2 0,01% 20.861,34 0,01% 1 11.937,71 1 8.923,63 0 0,00 2 20.861,34 0 0,00 Total 30.070 100,00% 377.354.005,61 100,00% 28.767 360.025.534,84 488 5.857.748,66 815 11.470.722,11 22.094 282.859.821,52 7.976 94.494.184,09 Distribution by industry sector Total porfolio Total porfolio Total porfolio Agriculture/ Forestry 221 0,73% 2.770.955,59 0,73% 203 2.577.002,22 5 47.447,49 13 146.505,88 185 2.386.256,04 36 384.699,55 Energy/ Mining 344 1,14% 3.949.683,55 1,05% 338 3.872.846,03 3 37.566,13 3 39.271,39 202 2.392.127,17 142 1.557.556,38 Manufacturing industry 5.909 19,65% 75.939.453,58 20,12% 5.756 73.947.551,99 48 537.970,36 105 1.453.931,23 3.696 48.692.756,59 2.213 27.246.696,99 Chemical industry 390 1,30% 4.977.118,16 1,32% 384 4.892.283,37 2 35.508,44 4 49.326,35 186 2.467.824,58 204 2.509.293,58 Construction 3.385 11,26% 40.231.282,48 10,66% 3.183 37.784.964,25 81 865.984,99 121 1.580.333,24 2.764 33.948.705,23 621 6.282.577,25 Retail/ Wholesale 5.487 18,25% 69.692.823,63 18,47% 5.248 66.333.391,86 95 1.121.794,22 144 2.237.637,55 3.948 51.327.111,28 1.539 18.365.712,35 Hotel and restaurant industry 511 1,70% 6.542.388,84 1,73% 468 5.996.008,45 14 195.214,98 29 351.165,41 460 5.935.877,24 51 606.511,60 Transportation 787 2,62% 9.441.286,50 2,50% 740 8.799.777,67 16 213.088,26 31 428.420,57 561 6.924.869,05 226 2.516.417,45 Financial services 977 3,25% 14.346.996,95 3,80% 928 13.653.714,91 27 405.269,80 22 288.012,24 665 10.180.095,70 312 4.166.901,25 Public administration, education, health care, public serv. 4.762 15,84% 51.853.898,24 13,74% 4.580 49.626.390,40 64 704.536,01 118 1.522.971,83 3.936 43.078.733,22 826 8.775.165,02 Other services 4.720 15,70% 64.361.550,64 17,06% 4.480 60.839.398,71 90 1.111.390,58 150 2.410.761,35 3.616 50.826.089,39 1.104 13.535.461,25 Information technology 1.702 5,66% 22.803.067,56 6,04% 1.653 22.130.741,24 20 285.165,58 29 387.160,74 1.130 15.673.362,70 572 7.129.704,86 Real estate 833 2,77% 9.955.107,29 2,64% 767 9.118.471,95 23 296.811,82 43 539.823,52 714 8.680.113,72 119 1.274.993,57 Other 42 0,14% 488.392,60 0,13% 39 452.991,79 0 0,00 3 35.400,81 31 345.899,61 11 142.492,99 Total 30.070 100,00% 377.354.005,61 100,00% 28.767 360.025.534,84 488 5.857.748,66 815 11.470.722,11 22.094 282.859.821,52 7.976 94.494.184,09 (*) Customers who changed their residence after Cut-Off-Date Volkswagen Leasing ABS Operations absoperations@vwfs.com +49 531 212 87510 26 / 28