Babcock International Group To Join FTSE 100

FTSE Group (“FTSE”) confirms today that, engineering support services company, Babcock International Group will be joining the FTSE 100 Index. In the rebalance, Man Group will leave the UK’s leading index and enter the FTSE 250 Index.

The changes announced today are part of the impartial reviews approved by the independent FTSE Europe, Middle East and Africa Regional Committee. The rules-driven reviews ensure the indices continue to portray an accurate reflection of the market they represent, and form an essential component to the management of the indices.

The FTSE 250 Index will see the following changes (in alphabetical order):

FTSE operates a reserve list for the FTSE 100 Index, to be used in the event of a corporate action occurring between reviews e.g. merger, acquisition, delisting or suspension. In such cases, the reserve list constituent with the largest market capitalisation (on the date of the corporate action), will replace the outgoing constituent. With immediate effect, the following reserve list will be used:

FTSE 100 Reserve List (in descending order of GBP Gross Market Capitalisation):

• Pennon Group
• London Stock Exchange Group
• Wood Group (John)
• Cobham
• Travis Perkins
• Informa

All changes from this review will be implemented at the close of business Friday, 15 June 2012 and take effect from the start of trading on Monday, 18 June 2012.

Effective as of this review, FTSE is introducing the use of actual free float (rounded up to the next 1%) in the FTSE UK Index Series. This decision, first announced in January 2012, has been approved by the FTSE EMEA Regional Committee and the FTSE Policy Group and has been taken in response to feedback received from client consultations. Changes to free float between reviews will be made in response to corporate events, secondary offerings or significant changes to shares in issue.

Background

The June Review also sees the following change to secondary lines, in addition to the rebalance and introduction of precise free float weighting:

• Daily Mail & General Trust (A Shs) secondary line is ineligible for continued inclusion in the FTSE UK Series following its re-classification to a Standard listing. The Daily Mail & General Trust Ord line is not included in FTSE indices as it continues to fail the liquidity test criteria. As a result the company will not be represented in the FTSE UK Index Series.

• Schroders N/V secondary line is ineligible for continued inclusion in the FTSE UK Series following its re-classification to a Standard listing. The Schroders Ord line is Premium listed and therefore remains in FTSE indices (including the FTSE 100). For the index review the combined market capitalisation of both lines will continue to be used for ranking purposes.

For more information on these changes visit: http://www.ftse.com/tech_notices/2012/Q2/35442_20120418_FTSE_UK_Index_Series_Ground_Rules.jsp