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Mylan Reports Adjusted Diluted EPS of $0.16 for the Quarter Ended June 30, 2008
Date:8/6/2008

nd minority

interest (4,634) 128,797 (459,956) 110,469

Income tax (benefit)

provision (30,955) 49,207 (75,060) 101,957

Earnings (loss) before

minority interest 26,321 79,590 (384,896) 8,512

Minority interest (income)

expense (72) (137) (2,114) 74

Net earnings (loss)

before preferred

dividends 26,393 79,727 (382,782) 8,438

Preferred dividends 34,759 - 69,477 -

Net (loss) earnings

available to common

shareholders $(8,366) $79,727 $(452,259) $8,438

(Loss) earnings per

common share:

Basic $(0.03) $0.32 $(1.49) $0.04

Diluted $(0.03) $0.32 $(1.49) $0.03

Weighted average common

shares outstanding:

Basic 304,284 248,477 304,233 237,818

Diluted 304,284 251,604 304,233 241,129

Mylan Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(unaudited; in thousands)

June 30, 2008 December 31, 2007

Assets:

Current assets:

Cash and cash equivalents $478,508 $484,202

Restricted cash 40,000 -

Available for sale securities 53,476 91,361

Accounts receivable, net 1,318,177 1,132,121

Inventories 1,150,605 1,063,840

Other current assets 434,391 287,777

Total current assets
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SOURCE Mylan Inc.
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