Porsche Automobil Holding SE / Acquisition 03.03.2008 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Stuttgart. The Supervisory Board of Porsche Automobil Holding SE, Stuttgart, has given the go-ahead for an increase of the stake in Volkswagen AG to more than 50 per cent. At its extraordinary meeting held on Monday, the supervisory body authorized the Managing Board to initiate all steps needed under regulatory and antitrust laws throughout the world. The reviews by the regulatory authorities are expected to take several months. As soon as the requisite clearances have been obtained, Porsche SE can acquire the majority of the shares in Volkswagen. Dr. Wendelin Wiedeking, Chief Executive Officer of Porsche SE, said: 'Our aim is to create one of the strongest and most innovative automobile alliances in the world, which is able to measure up to the increased international competition.' It is not planned to merge the two companies. DGAP 03.03.2008 --------------------------------------------------------------------------- Language: English Issuer: Porsche Automobil Holding SE Porscheplatz 1 70435 Stuttgart Deutschland Phone: +49 (0)711 911-11000 Fax: +49 (0)711 911-26375 E-mail: info@porsche.de Internet: www.porsche-se.com ISIN: DE0006937733 WKN: 693773 Listed: Regulierter Markt in Berlin, Frankfurt (General Standard), München, Stuttgart; Freiverkehr in Hannover, Hamburg, Düsseldorf; Terminbörse EUREX End of News DGAP News-Service ---------------------------------------------------------------------------