Manfred Lautenschläger comments on MLP stake of Swiss Life

• “No reason for further dialogue”
• “Will fully maintain my MLP stake”
• “Cooperations with AWD do not make sense for MLP”

Wiesloch, 14th August 2008 - Following a telephone conference of Swiss Life this morning Manfred Lautenschläger, Founder and Head of the Supervisory Board of MLP AG comments:

“A cooperation between Swiss Life and MLP which will go further beyond the existing product cooperation would threaten the independence and the business model of MLP. This is why I do not see a reason for a dialogue on intensifying the cooperation with Swiss Life.

Independent advice is one of the key success factors of MLP. As the major shareholder I am fully convinced that this strategic setup will deliver significant value for our advisers, clients and other shareholders and has strong growth perspectives in a changing market environment. I have not changed my decision not to sell my stake in MLP and will not change my position in the long term.”

During the telephone conference Carsten Maschmeyer, CEO of AWD Holding AG, commented on talks held between him and representatives of MLP. Manfred Lautenschläger comments on these statements as follows:

“Mr Maschmeyer in recent years requested meetings with the Executive Board and the Supervisory Board of MLP on various occasions. The Executive Board of MLP then had a number of cooperation possibilities examined. The Executive Board and the Supervisory Board jointly came to the conclusion that cooperations with AWD do not deliver value for MLP and its shareholders. This view remains unchanged.”