VOLKSWAGEN. VOLKSWAGEN in IRAN

BAMCO /Kerman Automotive Industries, Km 16, Karaj Rd, Sadaf Complex,

Tehran, Iran

tel. +98262/3834900, fax +98262/3834901

VOLKSWAGEN GOL

Models assembled in Iran: Gol, Bora.

Assembly volume in Iran in 2003 - 3,434 Daewoo vehicles.

Kerman, established in 1995, assembled the Daewoo Cielo in 1996-2004, and in the years 2000-2004 - the Daewoo Matiz. The assembly of the Brazilian, 5-door VW Gol hatchback, featuring a 1.8-liter engine, started in March 2005 at Kerman new BAMCO facility, and at the end of 2005 - of the new Mexican Bora sedan. Kerman intends to ultimately produce 200,000 vehicles with 70% local content.