Division I consisted of two separate tournaments. The Group A tournament was held between 23 and 29 March 2003 in Ventspils, Latvia and the Group B tournament was held between 22 and 28 March 2003 in Briançon, France. Denmark and Norway won the Group A and Group B tournaments respectively and gained promotion to the Championship Division for the 2004 IIHF World U18 Championships. While Great Britain finished last in Group A and Ukraine last in Group B and were both relegated to Division II for 2004.