Porsche takes fast lane into the DAX

Stuttgart, December 19, 2022 (GLOBE NEWSWIRE -- Fast lane to the top. Blume, Porsche AG CEO, said that he was delighted and proud to be included in Germany's top 40. On 5 December, the German Stock Market announced that Porsche AG would be admitted to the DAX under its 'fast-entry' rules. Free-float market capitalization is the key criterion to fast entry. Since 29 September, Porsche AG's preferred shares have been traded on the Frankfurt Stock Exchange (Prime Standard). The share price rose by 14% to EUR 94.58 at the close of trading Friday 16 December. On 16 December, the total market capitalization was EUR 89.4 trillion. "Despite global headwinds, our share price has risen strongly from September to reflect the positive developments in the market. The positive change in the share price is a confirmation of our hard work. Lutz Meschke is Deputy Chairman of Porsche AG's Executive Board and Member on the Executive Board for Finance and IT. Meschke is pleased with the company's performance after three months. Although many of our retail shareholders don't own any of our products, they can now become part of the Porsche family. Before the IPO, 170,000 private investors placed buy orders for Porsche stock. More than a third of them subscribed for less than 10 shares units. Meschke says that he will do all he can to continue to delight customers with new vehicles and to amaze shareholders with financial results. Porsche anticipates an operating group return of sales in the 17-18% range for the entire year 2022. Medium-term targets are in the range of 17 to 19 percent. Porsche is active internationally and the brand is well-known around the globe, but the stock is only listed on the Frankfurt Stock Exchange. "We are committed to trading in Frankfurt." Meschke says that with our clear commitment, it is a pleasure to help strengthen Germany's financial center position. "We have many shareholders here in Germany, and we will continue to be a German company." We will continue to be committed to "Made in Germany". Porsche has greater autonomy and freedom to be an entrepreneur by being a listed company. This will help it to strengthen its position. Oliver Blume says, "We are modern, sporty luxury. In fact, we redefine the idea." "Our goal is to combine the desireability of our products and sustainability and social involvement. We are proud of the special Porsche culture as well as our heritage. The company will celebrate many anniversaries in the next year, including the birth and 75th anniversary of Porsche sports cars. Blume: "We are bringing our tradition into the future. We combine it with our pioneering spirit with innovation and progression. Porsche has a long history of social responsibility. Porsche AG Executive Board decided to donate five million euros more to the Ferry Porsche Foundation as part of its public offering. Additional funds will be available to support charitable projects, especially in the areas educational and social activities as well as projects for children or young people. Porsche AG will also make a EUR 9.11million endowment, bringing the total endowment of the foundation to EUR 33.11 millions. The Ferry Porsche Foundation was established in 2018. It supports and initiates charitable activities in the areas of education, science, social welfare, and culture. The foundation is committed to supporting young people at all locations of Porsche AG through its social responsibility. Additional information can be found at the Porsche Newsroom, newsroom.porsche.com

This press release contains forward-looking statements. These statements reflect Porsche's current views on future events. Forward-looking statements are identified by the words "will", "target," "aim,",..."ambition",?"believe,"...estimate,,"....intend,,".....may,,"......could,,"....project,,".....should, and similar expressions. These statements involve risks, uncertainties, and assumptions. These risks and uncertainties could prove to be significant, or the assumptions that underlie any forward-looking statements by Porsche may prove incorrect. The actual results could be significantly different from what Porsche intends or implies. Forward-looking financial information is based on several assumptions. These include no significant deterioration in economic conditions or the COVID-19 Pandemic situation in Porsche’s main markets, no significant disruptions to the supply chain, particularly in relation to semiconductors, energy, and materials parts, and no material price rises of raw materials. Information contained in this press release does not constitute an offer or solicitation to buy securities. There is no sale of securities referred herein in any jurisdiction where such an offer, solicitation, or sale would be illegal prior to registration, exemption form registration, or qualification under any securities laws. This press release does not offer securities for sale in the United States. These securities have not been registered and will not be registered under the United States Securities Act of 1983, as amended (the "Securities Act") Except for an exemption from the Securities Act registration requirements, the securities cannot be offered or sold in the United States. Porsche enters the DAX in a hurry