VCL Multi-Compartment S.A., acting for and on behalf of its Compartment VCL 44

VCL Multi-Compartment S.A., acting for and on behalf of its Compartment VCL 44 represents the issuance of notes backed by a portfolio selected from a pool of receivables related to auto leases granted by Volkswagen Leasing GmbH, a wholly owned, indirect subsidiary of Volkswagen AG, to lessees resident or incorporated in the Federal Republic of Germany. The underlying motor vehicles related to the auto leases consist of new and used passenger and light-commercial vehicles.