MLP and Feri to intensify cooperation

• Closer cooperation across all fields of private and institutional wealth management
• MLP clients gain access to the complete know-how of Germany’s leading independent wealth management company
• MLP to consider acquisition of an equity stake in Feri

Heidelberg, 29th May 2006 – The Heidelberg-based financial services company MLP and Feri Finance AG, Bad Homburg, Germany’s leading independent wealth management company, have signed an extensive cooperation agreement – a move that strengthens a 12-year old partnership. MLP is also considering an acquisition of an equity stake in Feri Finance AG. Both companies are seeking a decision here during the second half of 2006.

The cooperation agreement foresees a business partnership that will surpass previous cooperation levels right across all fields of private and institutional wealth management and in the development of innovative investment concepts.

The Feri Group advises ultra high net worth individuals and institutional investors on strategic investment concepts and their implementation, and manages client assets in excess of six billion euros. Feri’s Rating & Research Division also conducts in-depth investment market and product analyses for more than 1,000 clients. Most notably, the company has earned itself a reputation as the leading German rating agency in the mutual fund sector.