Porsche Automobil Holding SE

Porsche SE acquires stake in US technology company INRIX

(DGAP-Media / 12.09.2014 / 15:03)

Porsche SE acquires stake in US technology company INRIX

Around ten percent acquired / global market leader for real-time traffic
information / continued double-digit market growth expected

Stuttgart, 12 September 2014. Porsche Automobil Holding SE, Stuttgart
("Porsche SE"), has acquired a stake of around ten percent in the US
technology company INRIX Inc., Kirkland, Washington ("INRIX"). INRIX is one
of the world's leading providers of real-time traffic information. The
investment volume is around 55 million US-dollar. For Porsche SE, the
acquisition is the first step towards creating a portfolio of investments
complementing the existing shareholding in Volkswagen AG.

Philipp von Hagen, member of Porsche SE's executive board responsible for
investment management, comments: "Connectivity between cars and
infrastructure is one of the important mega trends in the automotive
industry. The need for traffic-related information and data-based solutions
is therefore growing fast. We see a tremendous potential in this segment of
the automotive value chain." In the course of the strategic investment, von
Hagen joins the board of directors at INRIX. Von Hagen adds that Porsche SE
is examining additional investments related to the topics of connectivity
and mobility.

Bryan Mistele, President and CEO of INRIX, is pleased about the investment
of Porsche SE: "With Porsche SE, we have found an investor who shares our
vision for transforming INRIX from a traffic data company to a connected
car and smart cities leader worldwide." INRIX is owned by several venture
capital companies and its employees.

INRIX holds a leading position worldwide in the area of real-time traffic
information, where continued double-digit growth is expected in the coming
years. The company is a pioneer in the development of technologies for the
collection and interpretation of traffic data. The INRIX Traffic
Intelligence platform continuously analyzes real-time data from various
sources including a crowd-sourced network of more than 175 million data
sources such as vehicles and mobile devices. Today, the company provides
real-time traffic information for around 6.4 million kilometers (around 4
million miles) of roads across 40 countries and is continuously adding more
roads and countries to its coverage.

Apart from comprehensive information on road traffic conditions, INRIX has
smart analysis tools for a range of applications such as traffic
forecasting. The company currently offers services for the six market