Annual General Meeting Of HEX Group

The Annual General Meeting of HEX Plc today approved the profit and loss accounts and balance sheet of HEX Plc and the consolidated profit and loss account and balance sheet of HEX Group for the previous accounting period. Furthermore, the Annual General Meeting discharged the members of the Board of Directors and the President & CEO from liability.

The dividend of 1.00 euro per share proposed by the Board of Directors was accepted by the meeting. The dividend is paid out to shareholders listed on the register maintained by the Finnish Central Securities Depository Ltd on the date of record March 26, 2003 set by the Board of Directors. The dividend payment date is April 2, 2003.

The AGM appointed the members of the Board of Directors for the next term. The following members will continue as board members:

• Director of Finance and Head of Finance Division: Satu Huber
• Head of Legal Affairs: Hannu Karppinen
• Director General: Tarmo Korpela
• Head of Group Treasury and Funding: Martti Porkka
• First Executive Vice president and Member of the Executive Board: Timo Ritakallio
• Group Compliance Officer: Sonja Lohse
• Chief Investment Officer: Esko Torsti

The following new member was elected:

• Vice President, Finance: Timo Ihamuotila

The Board of Directors appointed Tarmo Korpela as Chairman and First Executive Vice President Timo Ritakallio as Deputy Chairman.

PricewaterhouseCoopers Oy, authorised public accountants, was appointed as the auditor of the company with APA Eero Suomela as the principal auditor.