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Mylan Laboratories Inc.
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CONTACTS:
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Patrick Fitzgerald (Public Relations)
Mylan Laboratories Inc.
724.514.1800
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Kris King (Investor Relations)
Mylan Laboratories Inc.
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ISS Recommends Vote for Mylan Laboratories Board Nominees
PITTSBURGH, Oct. 18, 2005 — Mylan Laboratories Inc. (NYSE: MYL) today announced that Institutional
Shareholder Services (ISS) has recommended that shareholders vote in favor of both proposals being
presented by Mylan’s Board of Directors at the Annual Meeting of Shareholders on October 28, 2005.
Specifically, ISS has recommended a vote for the election of each of Mylan’s nine Board nominees
and for the ratification of the selection of Mylan’s independent registered public accounting firm.
In its report, ISS stated: “A substantial majority of the board members are independent outsiders
and the key board committees include no insiders or affiliated outsiders.” Based on ISS’s standards
of independence, six of Mylan’s nine director nominees, or two-thirds of the Board, were designated
as independent outsiders. The key board committees referred to by ISS are the Audit Committee, the
Compensation Committee and the Governance and Nominating Committee.
Milan Puskar, Mylan’s Chairman, commented: “We are very pleased with ISS’s voting recommendations
and with the fact that under ISS’s exacting standards two-thirds of our directors were designated
as independent outsiders. Mylan continues to be committed to strong corporate governance
practices.”
About Mylan Laboratories
Mylan Laboratories Inc. is a leading pharmaceutical company with three principal subsidiaries,
Mylan Pharmaceuticals Inc., Mylan Technologies Inc. and UDL Laboratories, Inc. that develop,
license, manufacture, market and distribute an extensive line of generic and proprietary products.