MLP Executive Board proposes dividend increase by one quarter

• Dividend payment climbs from 40 to 50 Cents per share
• Tax-free dividend payment

Wiesloch, 17th March 2008 - Following a successful financial year, the Executive Board at MLP AG is proposing a dividend increase by 25 percent to 50 Cents per share (previous year: 40 Cents). The total dividend payments will climb to EUR 49 million (2006: EUR 40 million) subject to approval by the Supervisory Board and the Annual General Meeting (AGM).

From this year onwards, MLP AG shareholders can collect tax-free dividend payments totalling some EUR 400 million. This results from changes to the tax treatment of subsidiaries’ contributions to the MLP Group and their ensuing sale and is subject to a final approval through the tax authorities.

In the preliminary financial results announced in February, MLP reported a net profit of EUR 76 million in the continuing operations.

MLP will be posting the annual accounts on 27th March 2008. The AGM will convene on 16th May 2008 in Mannheim, Germany.