Meda Rejects Mylan's (MYL) Offer

Meda AB affirmed a takeover approach by Mylan (NYSE: MYL), but rejected the offer.

(Updated - April 4, 2014 9:07 AM EDT)

This statement is made by the Board of Directors (the ”Board”) of Meda AB pursuant to the Securities Markets Act and/or the Financial Instruments Trading act.

The Board hereby confirms that it has been contacted by Mylan, Inc.(NYSE: MYL) regarding an indicative proposal to combine the two businesses. The Board has convened and has decided to reject the proposal. All continued discussions between Meda and Mylan have been terminated without further actions.

The Board of Directors

Meda AB (publ)

For further inquiries, please contact:

Paula Treutiger, Investor

Relations

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