Withdrawal of Lek shares

4. 2. 2003

Lek Pharmaceuticals d.d., Verovškova 57, Ljubljana, hereby announces that

the Admission Board of the Ljubljana Stock Exchange (hereinafter referred to as “the Admission Board”) adopted at its meeting of 31 January 2003 a resolution on the basis of which the ordinary shares LEKA and the preference shares LEKB of the issuer Lek Pharmaceuticals d.d., Ljubljana, Verovškova 57 are withdrawn from listing as of 3 February 2003.

The resolution of the Admission Board was adopted on the basis of a notification of the issuer Lek d..d. of 21 January 2003, informing the Ljubljana Stock Exchange that the shareholders of Lek d.d. adopted at the General Meeting held on 20 January 2003, with a majority exceeding 9/10 of the share capital, a resolution on the withdrawal of its shares LEKA and LEKB from the official securities market. Based on the Admission Board’s statement that, due to the duly adopted resolution on the withdrawal of the above indicated shares from the official securities market in accordance with Articles 48 and 49 of the Rules of the Ljubljana Stock Exchange, the security no longer fulfils the trading requirements, the Admission Board established that the withdrawal of the respective shares from listing as of 3 February 2003 was fully justified.

Lek d.d.