At the Annual General Meeting where 69.77% of the share capital was present the Mercator shareholders adopted a resolution on allocation of the distributable net profit which as at 31.12.2002 amounted to SIT 4,472,576,609.25. The shareholders decided as follows:

• part of the distributable net profit in the amount of SIT 1,443,826,800.00, deriving from undistributed net profit for year 2000 to be paid as dividend resulting in a gross dividend of SIT 450.00 per share;
• part of the distributable net profit in the amount of SIT 2,324,727,107.57, deriving from undistributed net profit for 2002 to be allocated to other reserves from profit;
• the remaining distributable net profit in the amount of SIT 704,022,701.68, deriving from undistributed net profit for year 2000 remains undistributed and the decision on its allocation is carried forward to the next year.

With this the shareholders have also discharged the Management Board and the Supervisory Board for the financial year 2001.

The dividends will be paid in cash within 60 days after the acceptance of the resolution to those shareholders who will be registered at CSC – Central Securities Clearing Corporation on 23.5.2003.

The shareholders also adopted a resolution on decreasing the number of members of the Supervisory Board from previous 12 to 10 members.

For professionally and responsibly performed work in year 2002 the shareholders allocated to the members of the Supervisory Board a premium in total gross amount of SIT 55.500,000.00, of which the president of the Supervisory Board will receive SIT 6,000,000.00, and remaining 11 members of the Supervisory Board will receive SIT 4,500.000.00 each.

This time as well, the shareholders appointed the auditing house Pricewaterhouse Coopers, d.o.o., Ljubljana as auditor for year 2003.

All resolutions were adopted as proposed by the Management Board and the Supervisory Board of the Company, except the resolution on payment of a premium to the Supervisory Board voted on the basis of the counter-proposal by Kapitalska družba pokojninskega in invalidskega zavarovanja, d.d. (Capital Fund).

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