Official homepage:

www.porsche.com

Branch:

Automobile

Status:

Established

Announced intention on1:

24-03-2007

Official process initiated on2:

Ø

Registered on/in:

in 2007, Stuttgart (Germany)

Seat before SE:

Stuttgart (Germany)

Seat of SE:

Area of Stuttgart (Germany)

Form of establishment:

Conversion of the holding into Porsche Automobil Holding SE

Companies concerned:

Porsche Automobil

Corporate governance structure before SE:

Two-tier3

Corporate governance structure of SE:

Two-tier3

Total number of employees worldwide:

11,500

Countries of operation:

Ø

Countries concerned:

Ø

National trade unions involved:

Yes

European trade union federations involved:

Ø

EWC formerly existed:

Ø

Establishment of SNB:

Ø

Board-level employee representation before SE foundation:

Yes (half the members of the supervisory board are employee representatives)

Distribution of SNB seats:

Ø

Content of agreement:

Ø

Motives:

• Number of members of the supervisory board remains at 12

• Before foundation of the SE a new holding structure shall be put in place: operational and non-operational businesses shall be separated, with the operational (premium car) business keeping the name Dr. Ing. h.c. F. Porsche AG and the non-operational (mostly investment management) business being the holding company

• This holding company has been converted into an SE

Comments:

AGM on 26 June 2007

Last update:

08-09-2007

• Porsche stockt VW-Anteil auf - will aber keine Mehrheit (2007) Available from: http://www.manager-magazin.de/unternehmen/vwdnews/0,2828,ticker-26987007,00.html [Accessed 26-03-2007]

• Porsche (2007) Porsche Supervisory Board approves increase of stake in Volkswagen - Company to become a European stock corporation. Press release 24-03-2007. Available from: http://www.porsche.com/international/aboutporsche/pressreleases/?pool=international-de&id=2007-03-24 [Accessed 30-03-2007]

• Internal source