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Strong Fund Manager Named Vice Chairman

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June 3, 2003 — Strong Financial Corp. has named portfolio manager Ronald Ognar vice chairman.

Ognar will give up managing funds on June 30, and will remain with Strong until January 2006. After that, he will maintain an as-yet-unspecified relationship with the company, a Strong spokeswoman said.

Ognar’s son, Thomas, and Brandon Nelson, Bruce Olson, and Kevin Gaughan, who have all helped the elder Ognar run funds for the Milwaukee-based company, will assume his portfolio management responsibilities. Like Ronald Ognar, all are growth-oriented investors, according to the spokeswoman, Meredith Evans.

Thomas Ognar, a co-manager on the Strong Growth Fund/Inv (SGROX), will take over that offering, and the Advisor Focus fund.

Olson will manage Strong Large Cap Growth Fund (STRFX). Evans added that Ian Rogers, the fund’s co-manager, is stepping down as a portfolio manager, but will continue as an analyst on the fund.

Nelson, a former co-manager of the Advisor Focus fund, will succeed Ronald Ognar on the Strong Advisor Mid Cap Growth Fund, the Mid Cap Growth II Fund and the Strong Growth 20 Fund/Inv (SGRTX).

Gaughan will succeed the elder Ognar on institutional accounts, Strong said.

In his new role, Strong said Ronald Ognar will work with its growth investment team to identify potential investments.