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Policy Statement on Option Repricing

The Corporation will not, without shareholder approval, amend any employee stock option to reduce the exercise price (except for appropriate adjustments in the case of a stock split or similar change in capitalization); or offer to exchange outstanding employee stock options for options having a lower exercise price; or offer to exchange options having an exercise price above the current market price for cash, restricted stock, or other consideration.

February 26, 2003

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