MLP once again generously includes shareholders in the company’s success

• Regular dividend payment increase by one third to 40 (30) cents per share
• The MLP Executive and Supervisory Board have been discharged by the AGM in Mannheim with more than 97 percent

Mannheim, 31st May 2007 – MLP AG shareholders today voted to accept all agenda items with a large majority at the ordinary Annual General Meeting (AGM) in Mannheim’s “Rosengarten”. The Executive and Supervisory Boards were discharged with 98.83 and 97.42 percent of votes respectively. The increase in regular dividend payment by one third to EUR 0.40 (0.30) per share was approved by 99.97 percent.

Shareholders also voted with a 98.81 percent majority empowering the Executive Board to buy back shares totalling a maximum of ten percent of share capital up until November 29th, 2008. The general meeting also approved a profit transfer agreement with MLP Bank AG with 99.97 percent of votes. This lays a major foundation for further targeted group structure developments which will involve merging the MLP Finanzdienstleistungen AG to the MLP Bank AG over the coming days. The resulting organisation should trade under the name
“MLP Finanzdienstleistungen AG”.

With 99.68 percent the shareholders have also accepted the proposal by the Supervisory Board to reappoint Ernst & Young AG Wirtschaftsprüfungs-gesellschaft, Stuttgart, as auditors for both the financial statements and the consolidated group financial statements and for the auditing revision of the 2007 interim financial report. 

A total of more than 1,000 shareholders attended the annual general meeting. They represented 53.32 percent of the share capital. 

Overview of voting results