After adding an offline .edb from and Exchange 2003 server, the following error is seen when trying to expand folders:

"No such table or object"

This is caused by a known issue in Exchange 2003 SP2.

A stub object is left behind in the source database for certain users after a move mailbox operation is complete in Exchange 2003 Service Pack 2. For more information refer to the following Microsoft document:

http://support.microsoft.com/KB/940012

To enable the database to be opened perform the following:

1. From the RMEX console, select Action | Settings | Preferences
2. Check System folders option and click OK

A defect has been raised with id TF00237903 for release in a future version of Recovery Manager for Exchange.