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Winner: Sam Hayden, Great Britain.

Finalists: Sam Hayden, Ralf Soiron (Germany), Johannes Kretz (Austria)
The prize-winning composition “Sunk Losses” for Orchestra and Two Pianos was premiered in Saarbrücken on 29th May 2003 as part of the festival “Musik im 21. Jahrhundert”. Johannes Schöllhorn conducted the Saarbrücken Radio Symphony Orchestra

Jury: George Benjamin, Ivan Fedele, Michael Jarrell