Mylan Declares Quarterly Preferred Stock Dividend

PITTSBURGH, July 31 /PRNewswire-FirstCall/ -- Mylan Inc. (NYSE: MYL) today
announced that in accordance with its 2.139 million preferred stock issuance,
the company has declared its quarterly dividend of $16.25 per share (based on
the annual dividend rate of 6.5% and a liquidation preference of $1,000.00 per
share) payable on August 15, 2008, to holders of preferred stock of record as
of August 1, 2008.
Mylan Inc., with operations in more than 90 countries, ranks among the
leading diversified generic and specialty pharmaceutical companies in the
world. The company maintains one of the industry's broadest-and highest
quality-product portfolios, supported by a robust product pipeline; owns a
controlling interest in the world's second largest active pharmaceutical
ingredient manufacturer; and operates a specialty business focused on
respiratory and allergy therapies.
SOURCE Mylan Inc.

Media, Michael Laffin, or Investors, Dan Crookshank, both of Mylan Inc.,
+1-724-514-1813