Dividend

MTU Aero Engines has for years been pursuing a dividend policy that aims to safeguard continuity and pay out earnings-driven dividends, and intends to continue along these lines also in the years to come. We want to make sure that MTU's stock will remain a profitable investment in future. Therefore, all future dividend payments will be based on the development of net earnings, taking the result based on commercial accounting principles (German Commercial Code HGB) into consideration.

The company's good business performance in 2010 enables it to offer its shareholders a significantly higher dividend than in 2009. At the Annual General Meeting on May 5, 2011, the Board of Management and the Supervisory Board proposed a dividend payment of € 1.10 per share, € 0.17 more than in the previous year. This proposal for the dividend payment was confirmed by the Annual General Meeting. The dividend was paid out on May 6, 2011.

Dividend in Euro per share

Year	2005	2006	2007	2008	2009	2010
Dividend	€ 0.73	€ 0.82	€ 0.93	€ 0.93	€ 0.93	€ 1.10