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Standard & Poor's Announces Changes In S&P/TSX Composite, S&P/TSX Capped Composite, S&P/TSX Canadian SmallCap And TSX 200 Indices

Date 23/10/2002

Standard & Poor's Canadian Index Operations announces the following index change effective after the close of business on Thursday, October 24, 2002:

Co-Steel Inc. (TSX:CEI) will change its name to Gerdau AmeriSteel Corporation in the S&P/TSX Composite, S&P/TSX Capped Composite, S&P/TSX Canadian SmallCap and TSX 200 Indices. The new ticker symbol will be GNA and the new CUSIP number will be 37373P 10 5. There will be no change to the float shares of the company in these indices at this time.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

Standard & Poor's is a leader in providing highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds With more than 5,000 employees located in 18 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.spglobal.com.

Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, Business Week and McGraw-Hill Education. The corporation has more than 300 offices in 33 countries. Sales in 2000 were $4.3 billion. Additional information is available at www.mcgraw-hill.com.