Final results 2003 presentation back-up slides

EXCHANGE RATES

Average 2003 vs 2002

Average

2003

2002

Change (%)

Sterling / euro

0.69

0.63

9.5

US dollar / sterling

1.64

1.50

9.3

Euro / dollar

1.13

0.95

18.9

Euro / Swedish kroner

9.12

9.50

4.0

US dollar / rouble

30.68

31.35

2.1

Note : Change reflects impact on Group earnings