INTEREUROPA, d.d., Koper

Unaudited financial statements for the year 2003

In year 2003 Intereuropa Group has achieved sales and financial plans, as well as staff plan and plan of investments in logistical infrastructure and in expansion of our network outside Slovenia. The capital of Intereuropa d.d. rose by 4% and overfulfilled planed figures. The net return on equity amounted to 8,8% and is above the average return in our branch.

Details on business performance of Intereuropa Group and Intereuropa d.d. are announced in the notes to unaudited financial statements for the year 2003. All financial statements are prepared in accordance with the Slovenian Accounting Standards.

Note: All announcements in English language are only for information purposes.

Date: 27. 2. 2004