PORTLAND, Maine, June 17, 2002 – At its annual meeting of policyholders on June 17, 2002, Maine Employers' Mutual Insurance Company (MEMIC) made scholarship awards totaling $10,000 to three Maine students.

Kathryn LaMothe of Thorndike was awarded a $5,000 MEMIC Horizon Scholarship. LaMothe will be a senior at Gordon College in Wenham, Mass. LaMothe is a graduate of Mt. View High School and she has maintained a grade point average of 3.67 at Gordon. She will graduate after just 3 ½ years with a degree in Business Administration.

Twin brothers Jesse and Justin Michaud of St. Francis were awarded scholarships of $2,500 each. The pair recently graduated from Fort Kent Community High School where both achieved averages above 90 (on a scale to 100). In addition they have been involved in a myriad of school and community events. Justin will attend the University of Southern Maine to study biology while Jesse will attend the University of Maine - Farmington to study psychology.

The MEMIC Horizon Scholarship is given annually to the child or a spouse of a worker who has been seriously injured as a result of a workplace injury. The program, which made its debut in 2001, was created by the MEMIC Board of Directors as an acknowledgement of the unexpected impact that a workplace injury can have on a family.

Winners were selected on the basis of their financial need, academic achievement, community involvement and their future promise.

###About MEMIC

Maine Employers' Mutual Insurance Company (MEMIC) is Maine's largest and leading workers' compensation insurance company. The company insures nearly 20,000 Maine employers and their estimated 250,000 employees. The company is rated A (Excellent) by A.M. Best, the world's most respected insurance benchmarking organization. MEMIC is the parent company of MEMIC Indemnity Company, a workers' compensation specialty company, based in Manchester, NH.