Comments by Member 8562388 (Top 1 by date)

Microsoft .Net Framework 4.0 supported following OS versions:

Windows XP SP3
Windows Server 2003 SP2
Windows Vista SP1 or later
Windows Server 2008 (not supported on Server Core Role)
Windows 7
Windows Server 2008 R2 (not supported on Server Core Role)
Windows 7 SP1
Windows Server 2008 R2 SP1
http://www.microsoft.com/en-us/download/details.aspx?id=17851

This error coming because targeted OS is not [Windows Server 2003 SP2] it is [Windows Server 2003]
you need to install WIC component on unsupported OS to continue.
http://www.microsoft.com/en-us/download/details.aspx?id=32