Group management report

Subsequent events

MTU has made a good start in 2009. Revenues and earnings are within the expected range, laying the foundations for another successful year.

On July 16, 2008, a share purchase agreement was signed with United Technologies International Corporation, East Hartford, USA for the purpose of acquiring shares in a company domiciled in the Kingdom of Saudi Arabia. The terms of this share purchase agreement were amended on December 16, 2008. Under the provisions of the agreement, MTU Aero Engines GmbH will acquire 125,450 shares with a nominal value of 12,545,000 Saudi Arabian rial (SAR) corresponding to an interest of 19.3 % in the share capital of the Saudi Arabian company. Ownership of the shares is to be transferred after closing, probably at the end of April 2009. MTU has no shareholder rights or other rights of control until the date of transfer of ownership.

MTU has made a successful start to the new year, with revenues and earnings within the expected range.

There were no changes in the legal structure of the group in the first two months of 2009, nor were any equity investments acquired.

MTU made no significant capital expenditure in the first two months of 2009.

With respect to January and February 2009, MTU was in the possession of the following notifications concerning the voting rights of capital investments as stipulated by the Transparency Directive Implementation Act (TUG) and pursuant to Section 21, paragraph 1(1) of the German Securities Trading Act (WpHG):

Platinum Investment Management Limited, Sydney, Australia, exceeded the threshold of 3 % of the voting rights on January 29, 2009.

Boston Company Asset Management LLC., Boston, USA, MAM (DE) Trust, Greenville, Delaware, USA, MAM (MA) Holding Trust, Boston, Massachusetts, USA, and Bank of New York Mellon Corporation, USA each fell below the threshold of 3 % of the voting rights on January 21, 2009. Franklin Templeton Institutional, LLC., New York, USA, fell below the threshold of 3 % of the voting rights on January 12, 2009.

Overall prognosis

A good start has been made to the financial year 2009, with revenues and earnings within the expected range. MTU has thereby laid the foundations for another successful year.