COMMERZBANK AG (London Branch): Pre-Stabilisation Volkswagen Leasing EUR 3.5yr & 8yr

 COMMERZBANK AG (London Branch): Pre-Stabilisation Volkswagen Leasing EUR 3.5yr  & 8yr Pre-Stabilisation notice                              25th March, 2014  Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.                                Volkswagen Leasing GmbH                                                               € Benchmark                                                  Fixed Rate senior unsecured Notes due 04 October 2017                                                    And                                                                         € Benchmark                                                   Fixed Rate senior unsecured Notes due 04 April 2022                               Guaranteed by Volkswagen Financial Services AG                          Under the Issuer's Debt Issuance Programme, dated 12 June 2013                                       Stabilisation Notice                                Commerzbank AG (contact: Ian Turner; telephone: 44-207-475-1817) hereby announces that the Stabilising Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).  The security to be stabilised:                                                                                                                                Issuer:                             Volkswagen Leasing GmbH                                                                                                  Guarantor (if any):                 Volkswagen Financial Services AG                                                                                         ISIN                                3.5yr tba                                                                                                                                                          8yr tba                                                                                                                   Aggregate nominal amount:           3.5yr € Benchmark                                                                                                                                                   8yr € Benchmark                                                                                                            Description:                        € 3.5yr Fixed Rate Notes                                                                                                                                            € 8yr Fixed Rate Notes                                                                                                     Offer price:                        n/a                                                                                                                      Other offer terms:                  Payment 04 April 2014, Listing Luxembourg                                    Denoms: 1k+1k. Rating: A3 / A-                                                                                           Stabilisation:                                                                                                                                               Stabilising Manager(s):             Coordinating Stabilsation Manager:                                                                                                                                 Commerzbank Aktiengesellschaft                                                                                                                                  Stabilisation Managers                                                                                                                                          Banco Bilbao Vizcaya Argentaria, S.A.                                                                                                                           Merrill Lynch International                                                                                                                                     RBC Europe Limited                                                                                                        Stabilisation period commences      25th March, 2014                                                                                                         Stabilisation period expected to    No later than 30 days                       end on:                                                                                                                                                      Existence, maximum size and         The Stabilising Manager(s) may over-allot   conditions of use of over-allotment the securities to the extent permitted in   facility.                           accordance with applicable law.              In connection with the offer of the above securities, the Stabilising Manager (s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any time Any stabilisation action or over-allotment shall be conducted in accordance with all  applicable laws and rules.  This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.  This announcement is not for distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful.  END  END