MLP SE

Investor Presentation • Feb 12, 2003

f i i i i M L P d h t r e u c e s n a n c n g w r e- n s u r e r	s
M L P Le be ic he A G ns ve rs ru ng in E UR mi llio n	2 0 0 1	2 0 0 2
Re -in lt su ran ce re su	3 9. 7	-3 1. 8
Co iss ion i d a d a dm in ist rat ion sts mm s p a n co	1 2 5. 5	1 2 9. 0
		MLP P rivate Financ e

MLP: conservative actions

• ! Balance sheet stronger
• ! Reserves reflect more conservative approach
• ! Clear view of business
• ! No cash items

New basis for transparency

13

MLP Private Finance

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 Private Finance

14