LEONI AG, Nuremberg, wants its shareholders to participate in the improved earnings recorded in the 2002 financial year. In its meeting on 6 March 2003 the Supervisory Board approved a 6.5 % increase in the dividend as proposed by the Management Board. The dividend is to be raised from EUR 1.08 per share to EUR 1.15. The Annual General Meeting on 27 May 2003 will vote on this proposal.

As reported recently, the company managed, on the basis of provisional figures, to increase sales from EUR 1.097 billion to EUR 1.113 billion in fiscal year 2002. Net profit was up from EUR 18.7 million (EUR 28.3 million according to German GAAP) to EUR 47.4 million. This includes a beneficial, non-recurring item amounting to EUR 17 million resulting from a change in US accounting standards.