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Elma: No warrant exercised

We wish to inform you that no shareholder exercised and converted the warrants to shares, and therefore the issued share capital of the Company will remain the same as before.

It is clarified also that the warrants will continue to exist and that the last exercising period is on November 1stuntil 30th of year 2004.
Thursday, 4 December, 2003 - 10:05