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2003 and 2002<br />

First quarter 2003 average exchange rates<br />

YTD YTD YTD March '03 vs. YTD March '02<br />

March '03 March '02<br />

EUR 1.47 1.47<br />

GBP 2.19 2.40<br />

JPY 1.15 1.27<br />

USD 1.37 1.68<br />

r<br />

-20% -15% -10% -5% 0%<br />

8

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