Borsa Italiana: Review Of The Mib30 And Midex Indices

Borsa Italiana S.p.A. announces the results of the review of the baskets of shares making up the MIB30 and MIDEX indices. The calculation of the indices with their new composition starts on March 24, 2003.

MIB30

The use of the official methodology and the general rules of the selection process have enabled the selection of the thirty stocks which are shown in the following table:

The three "reserve stocks" are in order:

Autogrill, FinecoGroup and Bulgari.

Please note that with respect to the current composition of the index, FinecoGroup will be substituted in the new basket by Banca Popolare Bergamo - Cr. Varesino.

MIDEX

With reference to the MIDEX index, the use of the official methodology and the general rules connected to the selection process have enabled the selection of the twenty-five stocks which are listed in the following table:

The three "reserve stocks" are in order:

Banca Popolare di Cremona, Autostrada TO-MI and Saeco Group.

Please note that with respect to the current composition of the index Banca Popolare Bergamo - Cr. Varesino, Cassa di Risparmio di Firenze and Snia will be substituted in the new basket by Banca Popolare Commercio e Industria, FinecoGroup and Interbanca¹.

Traders are informed that, following the new indices' composition, as of March 24, 2003:

1. Cassa di Risparmio di Firenze and Snia will no longer be traded on After Hours Market (TAH);
2. Banca Popolare Commercio e Industria and Interbanca¹ will be traded on After Hours Market (TAH).

Consistent with the criteria for the calculation of the indices, the weighting with which each individual stock will enter the basket will be determined on the morning of March 24, 2003. This will be done using the opening price of each share as base price and the relative values for the number of shares in circulation shown in the Official List on March 19, 2003 (adjusted as necessary to take account of operations involving companies' share capital). These information will be made available on March 20, 2003.
Borsa Italiana S.p.A. will disseminate all further information regarding the revision via the usual information channels.

¹ On Interbanca shares a tender offer is currently in progress (refer to the Italian Exchange Announcement nr.1370 of February 12, 2003). After the tender offer's results Interbanca shares will be excluded from the MIDEX component list if it will appear reasonably certain that the fundamental requirements for the inclusion in the MIDEX index (listing at the Stock Exchange, adequate liquidity, adequate capitalisation) will cease to exist. In that case they will be replaced in the index by Banca Popolare di Cremona (first reserve stock of the MIDEX index on the basis of the ILC ranking) starting from March 24, 2003.