Second Quarter Report 2003

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Second Quarter Report 2003 Highlights Medicover January - June 2003 * Revenue for the second quarter amounted to €8.8 million (€8.8 million), despite a 10% adverse movement in exchange rates year on year in our largest market Poland. First half year revenue was €17.7 million (€17.6 million). * Prepaid membership rose to 106,600 up 1,500 for the quarter and 7,300 or 7% versus the corresponding period last year. * The operating loss (EBIT) amounted to €0.3 million (€0.5 million) for the quarter and €0.5 million (€0.9 million) for the six months. * The operating profit before depreciation and amortisation (EBITDA) amounted to 0.5 million (€0.2 million) for the quarter and to €1.0 million (€0.5 million) for the 6 months. * Acquisition of Capio AB's Polish laboratory business, to form the base of the Polish expansion of our successful laboratory line of business in Romania. Medicover Holding S.A. 20, rue Philippe II L-2340 Luxembourg Phone: +352 26 20 31 10 Fax: +352 26 20 32 34 Medicover c/o Belro Medical S.A. Waterloo Office Park Building O Drève Richelle 161 B-1410 Waterloo Belgium Phone: +32 2 357 55 77 Fax: +32 2 357 55 05 E-mail: info@medicover.com Medicover P.O. Box 55720 Riddargatan 12 SE-114 83 Stockholm Phone: +46 8 622 36 00 Fax: +46 8 622 36 01 Medicover Hungary 1138 Budapest Váci út 22-24 Hungary Phone: +36 1 465 3150 Fax: +36 1 465 3160 E-mail: info@medicover.hu www.medicover.hu Medicover Czech Tylovo nam. 3/15 Praha 2 Czech Republic Phone: +420 2425 1319 Fax: +420 2425 5730 E-mail: info@medicover.cz www.medicover.cz Medicover Poland Bitwy Warszawskiej Str.18 02-366 Warsaw, Poland Poland Phone: +48 22 455 44 00 Fax: +48 22 531 41 11 E-mail: info@medicover.pl www.medicover.pl Medicover Estonia Gonsiori 33 10147 Tallinn Estonia Phone: +372 605 1555 Fax: +372 605 1515 E-mail: info@medicover.ee www.medicover.ee Medicover Romania Union International Business Center II 26-28 Stirbei Voda St., 7th Floor Sector 1 Bucharest Romania Phone: +4021 314 07 20 Fax: +4021 314 07 75 E-mail: romania@medicover.com www.medicover.ro ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/21/20030821BIT00010/wkr0001.pdf The full report

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