Highlights January - December 2003

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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

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