Actelion's Annual General Meeting of Shareholders took place at 3:00 p.m. on Wednesday, 23 April 2003 at the Congress Center, Messeplatz 21, Basel, Switzerland. At the Annual General Meeting, shareholders approved the following measures:

• Increase in conditional capital by CHF 0.625 million, reserved for the issuance of employee stock options
• Increase in Authorized Capital by CHF 7 million to CHF 10 million. to be used for general corporate purposes

The shareholders also approved the annual report, including the financial statements, for the year 2002 and confirmed Andre J. Mueller and Fred Meyer as members of the board for another three years.

Following the departure of former board members Thomas Widmann and Jane Royston, the board of directors is now composed of 7 instead of 9 members: Robert E. Cawthorn (Chairman), Jean-Paul Clozel, Joel Besse, Werner Henrich, Rudolf Maag, Fred J. Meyer, and Andre J. Mueller.

The Annual General Meeting of Actelion was attended by 130 shareholders, representing 7'009'453 shares or 30.19 percent of the total shares with voting rights.

23 Apr 2003 Slide Presentation

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