MLP includes its shareholders generously in the company success

• Dividend payments increase considerably to EUR 0.60 per share
• The MLP executive board and supervisory board have been discharged by the AGM in Mannheim with more than 99 per cent
• Executive board authorised to conduct share buyback program and capital increase

Heidelberg, 31st May 2006 - MLP AG shareholders approved by a large majority all agenda items of votes at today’s ordinary Annual General Meeting (AGM) held at the Rosengarten in Mannheim. Both, the executive board and the supervisory board were discharged with a 99.9 per cent quota and 99.8 per cent respectively. The dividend increase by more than 30 per cent to EUR 0.30 per share and the special dividend payment totalling EUR 0.30 per share were approved by 99.9 per cent of votes.

Shareholders also voted with a 99.7 per cent majority empowering the executive board to buy back shares totalling a maximum of ten per cent of share capital. The AGM has also voted in favour (82.6 per cent) of a stock resolution authorising the executive board to undertake a capital increase amounting to some 20 per cent of share capital.

Shareholders have also voted with 99.9 per cent to approve the supervisory board proposal of reappointing Ernst & Young AG Wirtschafts-prüfungsgesellschaft, Stuttgart, as auditors for both the financial statements and the consolidated group financial statements.

The request by a shareholder for a special audit in connection with the sale of MLP Lebensversicherung AG was rejected by 99.7 per cent. More than 1,300 shareholders attended the AGM representing over 65 per cent of the company’s share capital.