The 2003 No Way Out was the fifth No Way Out professional wrestling pay-per-view (PPV) event produced by World Wrestling Entertainment (WWE). It was held for wrestlers from the promotion's Raw and SmackDown! brand divisions. The event took place on February 23, 2003, at the Bell Centre in Montreal, Quebec, Canada. It was the first No Way Out produced under the WWE name, after the promotion was renamed from World Wrestling Federation (WWF) to WWE in May 2002, as well as the first held under the first brand extension that began in March 2002. This was also the first WWE pay-per-view held in Montreal since the infamous Montreal Screwjob at Survivor Series in 1997.

Bell Centre formerly known as Molson Centre, is a multi-purpose arena located in Montreal, Quebec, Canada. Opened on March 16, 1996, it is the home arena of the Montreal Canadiens of the National Hockey League (NHL), replacing the Montreal Forum. It is owned by the Molson family via the team's ownership group Groupe CH, and managed via Groupe CH subsidiary Evenko.