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PRESS RELEASE

Decoration for Dr. Willem F. Duisenberg, President of the European Central Bank

9 May 2003

The President of the Republic of Austria has decorated the President of the European Central Bank, Dr. Willem F. Duisenberg, with the Grand Decoration of Honour in Gold with Sash for Services to the Republic of Austria.

The award is in recognition of Mr. Duisenberg's services to European monetary integration, in particular his key role in the implementation of a stability-oriented monetary policy.

Mr. Duisenberg received the award from the President of the Republic of Austria, Dr. Thomas Klestil, at a ceremony in Vienna today.

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