MLP AG resolves on capital increase

Wiesloch, 21st August 2008 - The executive board of MLP, jointly with the supervisory board, has today decided to issue 9,799,152 new ordinary shares out of its authorized capital in exchange for cash amounting to EUR 123,763,290. The number of MLP ordinary shares therefore increases by almost ten percent to 107,790,676. The new shares have been subscribed in an accelerated placement excluding subscription rights. Allianz Lebensversicherung AG and Axa Lebensversicherung AG each subscribed 46 percent with the remaining eight percent subscribed by Uberior Ena Ltd., a subsidiary of the british HBOS-Group.