PITTSBURGH, Jul 17, 2002 (BUSINESS WIRE) -- Mylan Laboratories Inc. (NYSE:MYL) announced today that it will release its first quarter fiscal 2003 financial results before the market opens on Thursday, July 25, 2002.

Mylan management will host a conference call and live Webcast at 10:00 AM EDT to discuss the financial results and relevant company topics. The dial-in-number to access this call is (913) 981-4910. In addition to the live call, a replay will be available from approximately 12:00 PM EDT on July 25, through 12:00 PM EDT August 1, and can be accessed by dialing (888) 203-1112 with access pass code 342573.

To access the live Webcast, go to Mylan's website at www.mylan.com and click on the Webcast icon at least 15 minutes before the call is to begin to register and download or install any necessary audio software. If you are unable to listen to the live Webcast, please access www.mylan.com at any time within seven days to listen to a replay of the Webcast.

Mylan Laboratories Inc. is a leading pharmaceutical company that develops, manufactures and markets generic and proprietary prescription pharmaceutical products. The Company markets an extensive line of generic products through its three business units, Mylan Pharmaceuticals Inc., Mylan Technologies Inc., and UDL Laboratories, Inc., as well as branded products through its Bertek Pharmaceuticals Inc. subsidiary. For more information, visit www.mylan.com.

CONTACT:          Mylan Laboratories Inc., Pittsburgh
                  Patricia Sunseri, 412/232-0100

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