MLP SE

Legal Proceedings Report • Aug 14, 2002

MLP Private Finance 3 MLP gives clear answers Statements and improvement measures n MLP accounts in accordance with German law n MLP growth and business model intakt n Refocusing on operational business n Continuous long-term growth through investments into the future n communication offensive started: Transparency + recuperation of trust have highest priority Objective refurbishment essential MLP stays on track MLP Private Finance 4 What's to the the allegations? Accounting is in accordance with law and business practice n Allegation by media and SdK unfounded n Ernst & Young published a statement on treatment of reinsurance in 2001 accounts certifying legal correctness and common business practice n Communication deficits are eliminated by communication offensive Experts certify MLP accounting Rebuttal of allegations

Summary

MLP's commitment for the future

MLP continues to stand for sustainable profitable growth

• n MLP draws conclusions from the public discussion
• n Short-term dent due to extremely negative extraordinary effects
• n Further unrestricted investments in future growth
• n Average growth rate projection stays at more than 20%
• n MLP business model is absolutely intact

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This presentation includes certain forward- looking statements. Actual results could differ materially from those included in the forwardlooking statements due to various risk factors and uncertainties, including changes in business, economic and competitive conditions, regulatory reforms, foreign exchangerate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing . Past performance is no guarantee for future performance. MLP AG does not undertake any responsibility to update the forward- looking statements contained in this presentation .

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