Stockholder Structure
International investor base
Apart from its largest single shareholder, Volkswagen AG, MAN SE still has an international investor base. Holders of MAN SE common and preferred shares are identified in the course of regular shareholder analyses. The most recent survey, in winter 2011, was able to identify more than 94% of the holders and revealed that about 21% of the share capital is held by foreign investors. As in previous years, our international investors are predominantly based in the United Kingdom and the United States.
As of the trading date of April 12, 2012, Volkswagen AG held 73.00 percent of the common shares and 26.46 percent of the preference shares (71.08 percent of the total share capital).

