Mr. G.B. Pelizzari was granted an honourable release and discharge as an Executive Director.

Mr. Ronald E. Daly, who was appointed CEO of Océ-USA Holding, Inc. with effect from December 1, 2002 has been appointed member of the Executive Board of Océ N.V.

Mr. M. Ververs was granted an honourable release and discharge as a Supervisory Director.

Mr. A. Baan has been appointed as a Supervisory Director. Mr. Baan is a former member of the Board of Management and of the Group Management Committee of Royal Philips Electronics N.V.

The dividend for the 2002 financial year per ordinary share of € 0.50 nominal value was fixed at € 0.58 in cash. After deduction of the interim dividend the final dividend for the 2002 financial year amounts to € 0.43 per ordinary share of € 0.50 nominal value.

The cash dividend will be made available for payment with effect from March 28, 2003.