The following supplemental information was provided to the shareholders of Utah
Medical Products, Inc., in connection with the solicitation of proxies for the
1998 annual meeting of shareholders.
UTAH MEDICAL PRODUCTS, INC.
SUPPLEMENTAL INFORMATION
April 8, 1998
Utah Medical Products, Inc. ("UM") has appointed Paul O. Richins, Chief
Administrative Officer, to the board of directors to fill the vacancy created by
the resignation of Perry L. Lane on April 1, 1998.
Mr. Richins has been employed at UM for over eight years in various finance and
accounting, management information systems, human resources and shareholder
relations responsibilities. Mr. Richins holds an MBA degree in finance from
Pepperdine University and a BS degree in business administration from Weber
State College.
Mr. Lane resigned as a director, indicating in his resignation letter
disagreements in business judgement between himself and the operations, policies
or practices of UM, particularly new product development, especially Cordguard,
a product obtained in an asset purchase agreement on January 4, 1994 with OB
Tech, Inc., and UM's share repurchase program initiated in 1992. On numerous
occasions during the past five years or more Mr. Lane had participated in
decisions and voted repeatedly in favor of measures with which he claims to now
disagree. Most of these measures received unanimous board support and continue
to be supported by the incumbent directors.
The remaining directors, who convened a special meeting on April 2, 1998 to
accept Mr. Lane's resignation, unanimously affirmed their confidence in current
management and the direction of the Company. The board believes that Mr. Lane's
resignation is in the best interest of UM and its shareholders and will have no
negative impact on implementing UM's clear plan for the future.
