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MATTEL ANNOUNCES STOCK SPLIT AND DIVIDEND INCREASE

 MATTEL ANNOUNCES STOCK SPLIT AND DIVIDEND INCREASE
 LOS ANGELES, May 5 /PRNewswire/ -- John W. Amerman, chairman and


chief executive officer of Mattel Inc. (NYSE: MAT), announced today that the company's board of directors has declared a 3-for-2 split of the company's common stock. In addition, the board declared a cash dividend of $.05 per share, providing the equivalent of a 50 percent dividend increase after the stock split.
 "This action recognizes the company's continuing excellent performance, and our outlook for sustained double-digit growth," Amerman said.
 As a result of the stock split, shareholders will receive one additional share of Mattel common stock for every two shares they hold as of the May 18, 1992, record date, with shares scheduled to be issued on June 2, 1992. Par value per share will remain at $1, and total shares will increase from 65 million to 98 million. The cash dividend is payable July 1, 1992, to shareholders of record on June 12, 1992.
 In a separate announcement, Warburg, Pincus & Co. today said that two Warburg, Pincus venture banking funds intend to distribute to their respective general and limited partners approximately 10.1 million shares of Mattel Inc., representing 90 percent of Warburg's stake in Mattel. Subject to market conditions, it is presently expected that the distribution will occur in the third quarter of 1992. The announcement indicated that Warburg Partners John L. Vogelstein and Harold Brown will remain on the Mattel board of directors, and that the general partners of Warburg, Pincus & Co. intend to continue to hold a significant stake in the company.
 "In recognition of the consistent performance we have achieved, Warburg no longer views Mattel as a venture holding," Amerman said. "They therefore found it appropriate to directly share the benefits of this very successful eight-year investment through a distribution to their partners, who rank among the largest pension funds in America."
 Mattel earlier reported earnings per share of $.21 for the first quarter ended March 31, 1992, up 40 percent from $.15 in the 1991 first quarter. Net income for the quarter was $14.8 million, up from $11.2 million last year. Net sales for the 1992 quarter reached the record level of $326 million, up 22 percent from $268 million in 1991.
 Mattel Inc., with annual revenues of $1.62 billion for 1991, is a worldwide leader in the design, manufacture and marketing of children's toys. With headquarters in El Segundo, Calif., Mattel has offices and facilities in more than 20 foreign countries and sells its products in more than 100 nations throughout the world.
 -0- 5/5/92
 /CONTACT: Glenn Bozarth of Mattel Inc., 310-524-3521/
 (MAT) CO: Mattel Inc. ST: California IN: SU: DIV


EH-JL -- LA058 -- 6824 05/05/92 18:05 EDT
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Publication:PR Newswire
Date:May 5, 1992
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