Mylan Declares Quarterly Preferred Stock Dividend of $16.25

Mylan Inc.

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 Nov. 15, 2010, to holders of preferred stock of record as of Nov. 1, 2010. Nov. 15, is also the date upon which all shares of the preferred issuance will mandatorily convert to common stock.