2003 FORM 10-K ZIMMER HOLDINGS, INC. AND SUBSIDIARIES To the Stockholders of Zimmer Holdings, Inc.: Report of Management Management is responsible for the integrity of the financial information presented in this Form 10-K. The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles. Where necessary, they reflect estimates based on management’s judgment. Management relies upon established accounting procedures and related systems of internal control for meeting its responsibilities to maintain reliable financial records. These systems are designed to provide reasonable assurance that assets are safeguarded and that transactions are properly recorded and executed in accordance with management’s intentions. The Company and internal auditors periodically review the accounting and control systems, and these systems are revised if and when weaknesses or deficiencies are found. The Audit Committee of the Board of Directors, composed solely of directors from outside the Company, meets regularly with management and its independent accountants to discuss audit scope and results, internal control evaluations, and other accounting, reporting and financial matters. The independent accountants have access to the Audit Committee without management’s presence. J. Raymond Elliott Chairman, President and Chief Executive Officer Zimmer Holdings, Inc. Sam R. Leno Executive Vice President, Corporate Finance and Operations and Chief Financial Officer Zimmer Holdings, Inc. 33