Porsche Automobil Holding SE: Qatar aquires stake in Porsche SE and majority of options

Porsche Automobil Holding SE / Agreement

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Porsche Automobil Holding SE: Qatar aquires stake in Porsche SE and
majority of options

Stuttgart. The family shareholders Porsche and Piëch as holders of the
ordinary shares in Porsche Automobil Holding SE (Porsche SE), Stuttgart,
have come to an agreement with Qatar Holding LLC (QH), Doha, that the
Emirate of Qatar takes a stake in Porsche SE. According to this agreement,
QH shall acquire ten percent of the ordinary shares from the holding of the
family shareholders. Through this investment the old as well as the new
holders of the ordinary shares intend to support the targeted combination
of Porsche and Volkswagen. In case that the combination will not take
place, QH is entitled to resell its stake in Porsche SE to the families.

In conjunction therewith Porsche SE and QH have reached an agreement over
the sale of the majority of the cash settled options relating to Volkswagen
shares. The transaction makes available for Porsche SE cash in the amount
of more than EUR one billion currently serving as collateral for the
options structure. At the end of July, Porsche had already taken the
decision to carry out the devaluation of the options structure in a
considerable amount in order to prepare such sale. The transaction does not
trigger an additional need for devaluation.

Part of Qatars' commitment is a binding undertaking of QH to participate in
the existing syndicated loan - provided by 16 banks - with an amount of up
to EUR 265 million.

The supervisory board of Porsche SE has authorized the transaction. The
respective contracts shall be signed in Stuttgart this Friday.
14.08.2009 Financial News transmitted by DGAP

Language: English
Issuer: Porsche Automobil Holding SE
Porscheplatz 1
70435 Stuttgart
Phone: +49 (0)711 911-11000
Fax: +49 (0)711 911-26375
E-mail: info@porsche.de
Internet: www.porsche-se.com
ISIN: DE000PAH0038
Listed: Regulierter Markt in Berlin, Frankfurt (General Standard),
München, Stuttgart; Freiverkehr in Hannover, Düsseldorf,
Hamburg; Terminbörse EUREX

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