MLP SE

Earnings Release • May 9, 2007

Nils Frowein, CFO

9th May 2007

Overview

• yHighlights Q1 2007
• yFinancial details Q1 2007
• yClients and consultants
• ySummary and outlook

Highlights Q1 2007

• y Integrated sales approach further strengthened
• y MLP clients can withdraw cash free of charge worldwide with MLP credit card
• yBrokerage of certificates and bonds
• y Occupational pension provision business contributed around 8 % to total new business volume in pension provisions
• yTotal income + 11 %
• yEBIT + 34 %

Total incomeincreased

Total income

Brokerage business at previous year's level

Income from brokerage business, Q1 2007 (Q1 2006): € 107.1m (€ 106.0m)

Clear profit increase

Continuing operations

Income statement

[ i € ] n m	Q 1 2 0 0 6	Q 1 2 0 0 7
T l i t o a n c o m e	1 2 9 8	1 4 4 7
E B I T	1 2 5	1 6 7
F i t n a n c e c o s	2 0	0 5
E B T	1 4 5	1 1 7
T a x e s	6 0 -	2 7 -
N f i t t e p r o	8 5	9 9
S E P i € n	0 0 8	0 1 0

• y Total income+ 11%
• yEBIT + 34 %
• yNet profit + 16 %

High margin in the consulting and sales segment

Segment reporting

[ ] in € m	Q 1 2 0 0 6	Q 1 2 0 0 7
C l i d l t t o n s u n g a n s a e s s e g m e n
S in t e g m e n c o m e	1 0 9. 9	1 1 1. 4
E B I T	1 3. 6	1 3. 4
E B I T in ( G ) in % m a rg e rm a ny	1 3. 5	1 4. 8
fo E B I T ig io t re n o p e ra ns	-0 7	-2 5
N b i e w u s n e s s
O ( ) l d- is io in € b ln a g e p ro n v	1. 6	0. 9
He l h in t a su ra nc e	1 6. 5	1 4. 6
Lo d tg a ns a n m o r a g e s	3 0 4	3 0 6
Fu d d ( in € b ln ) t n s u n e r m a na g e m e n	* 1 0. 8	1 0. 8
i B k t a n n g s e g m e n
S in t e g m e n c o m e	1 6. 7	1 8. 9
E B I T	1. 5	1. 7
W l h t t t e a m a n a g e m e n s e g m e n
S in t e g m e n c o m e	-	9. 9
E B I T	-	1. 4

* as at 31/12/06

Strong balance sheet

MLP Group assets

[ i € ] n m	/ / 3 1 1 2 0 6	/ / 3 1 0 3 0 7
I i b l t t n a n g e a s s e s	1 8 6 8	1 8 0 5
P l d i t t t r o p e r y p a n a n e q u p m e n ,	8 9 1	8 7 8
I t t t n e s m e n p r o p e r v y	1 5 1	1 5 0
D f d t t e e r r e a x a s s e s	0 2	0 6
R i b l f e c e v a e s r o m
b k i b i a n n g s n e s s u	6 0 6 4	6 5 3 8
F i i l t n a n c a a s s e s	4 9 9	8 7 4
T f d l i a r e n c a m s x u	2 1 1	7 7
R i b l d h t t e c e a e s a n o e r a s s e s v	1 1 7 7	9 0 2
C h d h i l t a s a n c a s e q a e n s u v	1 2 0 5	1 1 0 2
N h l d f l t t o n -c u r r e n a s s e s e o r s a e	-	7 5
	1 2 6 6 1 ,	1 2 4 0 7 ,

Equity ratio increased

MLP Group liabilities and shareholders' equity

1	1
2	2
6	4
6	0
1	7
,	,
-	1 4
2	2
8	0
1	6
9	7
7	9
6	4
	6 4 0 5
1	2
9	0
6	5
3	3
3	0
9	3
3	3
2	3
3	2
4	0
0	0
1	1
3	3
2	3
3	1
4	9
/ / 3 1 1 2 0 6
	5 9 9 7

Clients and consultants

Consulting and sales segment

Revenue per client (€)

Consultants

* Structural changes led to deferments of new appointments; by April 1st MLP had already surpassed the level of December 2006

Revenueper consultant (€)

Summary and outlook

• yQ1 2007: Successful start in FY 2007
• y Unique new business start-up package for new consultants will positively impact the number of consultants
• y Clear focus on acquisition of new consultants and clients
• y Launch of new wealth management concepts with clear USPsin Q2

O l t u	k o o	i t r e e	d t r a e

Forecast2007

EBIT guidance

Outlook reiterated: Wealth management becomes more important

Medium-term planning

	2 0 0 7	i M d t e m e r m u -
O l d i i i i a g e p e n s o n p r o v s o n s n c o m e -
W l h i t t e a m a n a g e m e n n c o m e
H l h i i t e a n s r a n c e n c o m e u
N b f l t t m e r o c o n s a n s u u	3 0 0 0 ,	S d h t t e a g r o y w

Contact

MLP Investor RelationsAlte Heerstraße 40 69168 WieslochGermany

Contact:Investor Relations:

Helmut Achatz, Head of Investor Relations Klaus Ringel, Manager Investor Relations

Tel. +49 (0) 6222 308 1135 Fax.+49 (0) 6222 308 1131 E-mail: investorrelations@mlp.de

MLP Investor Relations information on the internet: Financial reports, presentations and calendar etc. at http://www.mlp.de