LEONI AG, Nuremberg, plans to pay a higher dividend because of the very positive results of fiscal 2001. During a meeting on 15 March 2002, the LEONI AG Supervisory Board approved of the Board’s proposition to increase the dividend to 1.08 Euro per share (0.87 Euro so far) almost analogue to the increase of the profit for the financial year. The Annual Meeting, to be held on 27 June 2002, will hold a voting on this proposition.

Ernst Thoma (67), LEONI AG Chairman of the Board for many years, will resign from this position at the end of the Annual Meeting to become a member of the Supervisory Board. The Supervisory Board appointed Dr. Klaus Probst (48) as successor to Mr. Thoma. Dr. Probst has been with the company since the year 1989 and is Head of the Cable Division. In 1999, he was appointed full member of the Board of Directors after being a deputy member since 1997.