MLP SE

Investor Presentation • Jul 4, 2002

MLP AG

MLP Holding 3

Reasons for taking this strategic step

• < Pursuance of MLP corporate strategy of organic growth
• < Strengthening of MLP business model
• < Increase in efficiency and cost optimisation
• < MLP is able to gain a stronger position in Austria because we can profit from the efficiency and greater operational ability of our electronic brokerage platform in Germany
• < Due to the EU and Austrian legislation MLP is now able to use its electronic brokerage platform MLP Lebensversicherung AG, Heidelberg
• < Closer relationship between distribution and assembly

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.

MLP Holding 6