May 22, 2003

Interest rate set for Alberta Savings Certificates

Edmonton... The Alberta Savings Certificate rate has been set for the interest period June 1, 2003 to November 30, 2003.

The redeemable 1997 floating rate certificates will pay 3.00 per cent.

For more information, please contact the registrar, Computershare Trust Company of Canada, at 1-800-563-2663, or the Province of Alberta at (780) 415-9184.

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For media inquiries, please contact:

(Dial 310-0000 for toll free access outside of Edmonton.)

Jerry Bellikka Director of Communications Alberta Finance (780) 427-5364