I, Gregory A. Dufour, certify that: I, Robert W. Daigle, certify that: 1. I have reviewed this annual report on Form 10-K of Camden National Corporation; 1. I have reviewed this annual report on Form 10-K of Camden National Corporation; 2. Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light  of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report; 2. Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light  of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report; 3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results  of operations and cash flows of the registrant as of, and for,  the periods presented in this annual report; 4. The registrantGLYPH<213>s other certifying officers and I are responsible  for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and  15d-14) for the registrant and have: 3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results  of operations and cash flows of the registrant as of, and for,  the periods presented in this annual report; 4. The registrantGLYPH<213>s other certifying officers and I are responsible  for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and  15d-14) for the registrant and have: a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared; a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared; b) evaluated the effectiveness of the registrantGLYPH<213>s disclosure controls and procedures as of a date within 90 days prior to the filing date of this annual report (the GLYPH<210>Evaluation DateGLYPH<211>); and c) presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date; b) evaluated the effectiveness of the registrantGLYPH<213>s disclosure controls and procedures as of a date within 90 days prior to the filing date of this annual report (the GLYPH<210>Evaluation DateGLYPH<211>); and c) presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date; 5. The registrantGLYPH<213>s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrantGLYPH<213>s auditors and the audit committee of registrantGLYPH<213>s board of directors (or persons performing the equivalent function): 5. The registrantGLYPH<213>s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrantGLYPH<213>s auditors and the audit committee of registrantGLYPH<213>s board of directors (or persons performing the equivalent function): a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrantGLYPH<213>s ability to record, process, summarize and report financial data and have identified for the registrantGLYPH<213>s auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant  role in the registrantGLYPH<213>s internal controls; and 6. The registrantGLYPH<213>s other certifying officers and I have indicated in this annual report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrantGLYPH<213>s ability to record, process, summarize and report financial data and have identified for the registrantGLYPH<213>s auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant  role in the registrantGLYPH<213>s internal controls; and 6. The registrantGLYPH<213>s other certifying officers and I have indicated in this annual report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. Date: March 26, 2003 Date: March 26, 2003 Gregory A. Dufour Senior Vice President — Finance, Operations & Technology Principal Financial Officer Robert W. Daigle President & Chief Executive Officer  20 Camden National Corporation and Subsidiaries Camden National Corporation and Subsidiaries 21 ManagementGLYPH<213>s discussion and analysis reviews the consolidated financial condition of Camden National Corporation (the GLYPH<210>CompanyGLYPH<211>) at December 31, 2002 and 2001, the consolidated results of operations for the past 3 years  and, where appropriate, factors that may affect future financial performance. This discussion should be read in  conjunction with the Consolidated Financial Statements, Notes to Consolidated Financial Statements and Selected Consolidated Financial Data. The Private Securities Litigation Reform Act of 1995 provides a GLYPH<210>safe harborGLYPH<211> for forward-looking statements. Certain information contained in this discussion, or in any other written or oral statements made by the Company,  is or may be considered to be forward-looking. Forward-looking statements relate to future operations, strategies, financial results or other developments, and typically contain words or phrases such as GLYPH<210>may,GLYPH<211> GLYPH<210>believe,GLYPH<211> GLYPH<210>expects,GLYPH<211> GLYPH<210>shouldGLYPH<211> or similar expressions. Forward-looking statements are based upon estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond the CompanyGLYPH<213>s control or are subject to change.  Inherent in the CompanyGLYPH<213>s business are certain risks and uncertainties. Therefore, the Company cautions the reader that its actual results could differ materially from those expected to occur depending on factors such as economic conditions in local markets as well as general economic conditions, including changes in interest rates and the  performance of financial markets, changes in domestic and foreign laws, regulations and taxes, competition,  industry consolidation, credit risks and other factors. Other factors that could cause or contribute to such  differences include, but are not limited to, variances in the actual versus projected growth in assets, return on assets, loan losses, expenses, rates charged on loans and earned on investment securities, rates paid on deposits, competitive effects, fee and other non-interest income earned, as well as other factors. The Company disclaims  any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments, or otherwise. Acadia Trust, N.A. has locations in Portland and Bangor and provides wealth management and employee benefit services to clients in those areas, as well as in other states.  As of January 1, 2003, Acadia Trust, N.A. merged with Trust Company of Maine, Inc., a wholly owned subsidiary of the Company, and Acadia Trust, N.A. remained as the surviving entity. In addition to acquiring customers through its separate marketing efforts, Acadia Trust, N.A. provides services to clients of the CompanyGLYPH<213>s banking subsidiaries. Camden National Corporation (the GLYPH<210>CompanyGLYPH<211>), with $1.2 billion in assets, is a multi-bank and financial services holding company located in Camden, Maine. The Company provides commercial and consumer banking services in its 28 branch locations, through its two bank subsidiaries, Camden National Bank and UnitedKingfield Bank. It also provides brokerage and insurances services through Acadia Financial Consultants, which operates as a division of the two banking subsidiaries. The Company also provides wealth management services and employee benefit administration through its other subsidiary Acadia Trust, N.A., which is located in Portland and Bangor, Maine. In addition to serving as a holding company, the Company provides managerial, operational and technology services to its subsidiaries. These services include general management, financial management, risk management and bank operations. The discussion and analysis which follows focuses on  the factors affecting the CompanyGLYPH<213>s consolidated results of operations during 2002, 2001 and 2000 and financial condition at December 31, 2002 and 2001. The Consolidated Financial Statements and Notes to Consolidated Financial Statements beginning on page 40 of this report should be read in conjunction with this review. The CompanyGLYPH<213>s two banking subsidiaries conduct operations throughout eastern, central, western, southern and mid-coast Maine. As a result, the Company has a presence in the StateGLYPH<213>s three largest markets (Portland, Lewiston and Bangor), as well as in the StateGLYPH<213>s fastest growing area, York County. During 2002, Camden National Bank opened a branch location in Kennebunk, Maine as part of its expansion into  York County. ManagementGLYPH<213>s discussion and analysis of the CompanyGLYPH<213>s financial condition are based on the consolidated financial statements which are prepared in accordance with accounting principles generally accepted in the United States. The preparation of such financial statements requires management to make estimates and assumptions that affect the reported CRITICAL ACCOUNTING POLICIES  REVIEW OF FINANCIAL STATEMENTS Overview GENERAL Forward-Looking Information Certification Pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002 Hermon Bangor Hampden Management’s Discussion and Analysis of  Financial Condition and Results of Operations Union Rockland Thomaston Camden Vinalhaven