Highlights January - December 2003

Highlights January - December 2003 - Revenue for the year 2003 amounted to €36.6 million (€35.3 million), an increase of 4%. In constant currency the revenue increase was 13%. - Prepaid membership rose to 117,000 (104,000), at year and, an increase of 13,000 for the year ( 12,200) or 13 percent, with a pronounced pick up in growth during second half of the year. - The operating loss for the year amounted to €1.1 million (-€1.5million). - The operating profit before depreciation and amortization for the year amounted to €2.0 million (€ 1.3 million). - Operating cash flow before tax payments and working capital changes improved to € 1.9 million (€0.1 million) for the year. - The loss after tax for the year was € 1.8 million (€23.8 million). The loss per share was € 0.145 (€1.97) per share for the year. Investor Relations Contacts Fredrik Rågmark Managing Director Phone: +32 2 357 55 77 E-mail:fredrik.ragmark@medicover.com Joe Ryan Financial Director Phone: +32 2 357 55 77 E-mail: joe.ryan@medicover.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/19/20040219BIT00340/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/19/20040219BIT00340/wkr0002.pdf The full year-end report

About Us

Medicover is a leading international healthcare and diagnostic services provider in Poland, Germany, Romania, Ukraine and certain other markets, primarily in Central and Eastern Europe (“CEE”). Additionally, Medicover is in the process of entering the fast-growing Indian healthcare market in order to expand its geographical footprint and further leverage its emerging markets capabilities. Medicover offers a broad range of healthcare services and a significant hub-and-spoke diagnostic laboratory network, supported by extensively developed proprietary software and information systems infrastructure. Medicover operates through two divisions: Healthcare Services and Diagnostic Services.