Constituent Changes To The S&P/ASX 50 Index

Standard & Poor’s will make the following changes in the S&P/ASX 50 Index pending the final approvals of the scheme of arrangement to merge Westfield Holdings Limited, Westfield Trust and Westfield America Trust. If final approvals are met the merger will become effective 5th July 2004. The following changes will be made after the close of business Friday 2nd July.

Constituent changes for the S&P/ASX 50 Index – July 2nd 2004 after the market close
Addition
Sedol	Company Name	Shares	IWF	GICS
	Westfield Group	1,675,256,000	0.90	40401010
6458001	Orica Limited	270,050,000	1.00	15101020
6608516	Promina Group Limited	1,061,860,016	1.00	40301040
Removal
Sedol	Company Name	Shares	IWF	GICS
6956312	Westfield Trust	2,248,592,259	1.00	40401010
6936734	Westfield America Trust	3,775,554,347	0.84	40401010
6054142	Westfield Holdings Limited	562,401,350	0.72	40401020

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