49 Remuneration of the Board of Management and the Supervisory Board

 Total remuneration granted to the members of the Board of Management amounted to €58.5 million (previous year: €51.5 million).

Under the performance share plan, a total of 133,775 performance shares (previous year: 110,165) were granted to active members of the Bord of Management for fiscal year 2022; their value at the grant date was €19.2 million (previous year: €16.3 million).

No more advances were granted to members of the Board of Management under the performance share plan in fiscal year 2022. In total, advances amounting to €1.4 million were deducted from payments under the performance share plan (previous year: €5.1 million) in the fiscal year.

Total remuneration granted to the members of the Supervisory Board amounted to €5.3 million (previous year: €5.2 million).

PENSION ENTITLEMENTS AND BENEFITS TO RETIRED MEMBERS OF THE BOARD OF MANAGEMENT

The former members of the Board of Management and their surviving dependents were granted €53.5 million (previous year: €17.5 million). Pension provisions for this group of individuals amounted to €273.3 million (previous year: €371.9 million).

The individual remuneration of the members of the Board of Management and the Supervisory Board is explained in the remuneration report. A comprehensive assessment of the individual remuneration components can also be found there.

Wolfsburg, February 21, 2023

Volkswagen Aktiengesellschaft
The Board of Management