. . . Exhibit 12 Computation of Ratio of Earnings to Fixed Charges (amounts in millions, except ratios) Three Months Ended March 31, 2003 --------------------- Income (loss) from continuing operations before income taxes and minority interests $ (7.5) Add (deduct) earnings of less than 50% owned affiliates (net of distributed earnings) included in pretax income 0 Add losses of less than 50% owned affiliates included in pretax income 0 Add fixed charges, net of capitalized interest 10.2 Add previously capitalized interest amortized during the period 0.2 --------------------- Earnings $ 2.9 Gross interest expense including capitalized interest plus amortization of capitalized fees (fixed charges) 10.2 Ratio of earnings to fixed charges (a) (a) - Earnings were inadequate to cover fixed charges by $7.3 million.