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ots Ad hoc-Service: Jenoptik AG <DE0006229107> Jenoptik bodies recommend increased dividend of 0.50 EUROs per share
Jenoptik plans to launch share option programme

Jena (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
The Supervisory and Executive Boards
of JENOPTIK AG, Jena, (Security Code 622910) are proposing to the
ordinary general meeting on June 7, 2000 that a dividend of 0.50
EUROs be distributed per share. Compared to the previous year, the
dividend will thus increase by thirty percent. Meeting in a session
today, the Jenoptik Supervisory Board (Monday, April 10, 2000) has
approved of the dividend proposed by the Executive Board. "With this
dividend payment, our shareholders will profit from the improved
operating result in 1999", said Jenoptik chief Dr. h.c. Lothar Späth
on Monday in Jena.
JENOPTIK AG will announce its financial statement for the fiscal
year of 1999 next Tuesday (April, 18). The balance press- conference
is to begin at 11.30 a.m. in Jena. A summary statement of the annual
report 1999 will be available on the Internet at www.jenoptik.de
shortly after the conference. It will also be distributed to account
maintaining banks and Jenoptik shareholders.
Share option for executives and employees of the Jenoptik Group To
further increase the Group's long-term profit-earning capacity, the
Executive Board and the Supervisory Board have decided on a share
option programme which is to be submitted for approval by the same
general shareholders meeting. Executive officers of the Jenoptik
Group are to be provided with a possibility to acquire a share
option.
For the share option programme to go ahead, the general meeting is
to authorise the Executive Board to conditionally increase capital
stock by up to 1.9 million shares.
Motivating employees and achieving long-term corporate commitment
By launching the new share option programme, Jenoptik acts in
accordance with its shareholder value corporate policy. The Executive
Board and the Supervisory Board regard the share option programme as
a progressive means of personnel policy. "Lasting motivation and
long-term commitment of employees and executives to their company, as
well as the recruitment of new highly qualified employees, are
fundamental prerequisites for a sustained improvement in corporate
value" were cited by the Supervisory Board and the Executive Board as
the reasons for launching this latest Jenoptik scheme. In keeping
with these goals, the option programme aims at long-term involvement
and is clearly linked to target performance marks.
Options under the programme can be executed in four tranches
(forty percent on expiry of two years, twenty percent each subsequent
year) if the share price is clearly above the striking price. For
execution of the individual option portions, the following increases
in stock pricing have been specified for members of the board and
members of the boards of subsidiaries:
( 30 percent stock price increase after two years (40% of option)
   ( 45 percent stock price increase after three years (20% of
option) 
   ( 60 percent stock price increase after four years (20 of option)
   ( 75 percent stock price increase after five years (20% of option)
For other executives and employees the following criteria shall
apply:
( 10 percent stock price increase after two years (40% of option)
   ( 15 percent stock price increase after three years (20% of
option) 
   ( 20 percent stock price increase after four years (20 of option)
   ( 25 percent stock price increase after five years (20% of
option).
Furthermore, an option can only be executed if the Jenoptik share
has performed better than the M-Dax from the first day of trading in
the year 2000 to the day of intended execution. This criterion has
been introduced to ensure that only the work performance of Jenoptik
will be honoured, not general market trends.

Contact:

Public Relations Katrin Lauterbach Phone: + 49-3641-65 2360
Investor Relations Sabine Barnekow Phone: +49-3641- 65 2156

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