FTSEurofirst Index Series Annual Review 2004

FTSE Group, the global index provider, and Euronext, the pan-European exchange, today announce changes to the FTSEurofirst Index Series as a result of its annual review. Changes announced today will take effect after the close of business on Friday, 17th September 2004.

The FTSE Europe, Middle East and Africa Committee met yesterday, and approved the inclusion of Dexia (Belgium), Portugal Telecom (Portugal) and Telecom Italia Savings (Italy) in the FTSEurofirst 80 index. In order to rebalance the index, Inditex (Spain), TF1 (France) and Hypo Real Estate Holdings (Germany) are removed.

The FTSEurofirst 100 Index, which covers the Eurozone and UK markets, has three additions: Fortis SA/NV (Belgium and Netherlands), BG Group (UK) and RWE (Germany). Inditex (Spain) and Rentokil Initial (UK) will be deleted. At the time of the review this index consisted of only 99 companies owing to the takeover of Aventis by Sanofi-Synthelabo (renamed Sanofi-Aventis).

Further information about the changes to the FTSEurofirst index series is available on www.ftseurofirst.com.