Introduction Of Free Float Weightings In The EPRA Index

The European Public Real Estate Association (EPRA) and Euronext Indices B.V. announce that on 30 September 2001 free float weightings will be introduced in the EPRA Index.

EPRA and Euronext Indices B.V. believe that this introduction results in a more liquid and tradable European real estate index.

The rule changes needed for this introduction and other details will be published at the latest on 29 June, in view of the three month notification period.

The European Public Real Estate Association in conjunction with Euronext Indices BV calculates and publish the EPRA Index. Euronext Indices BV announce on a quarterly basis the outcome of the periodic review of the index. Euronext Indices BV calculate the index every 15 seconds making the EPRA Index Europe's first real time index focused on the European real estate sector.

The European Public Real Estate Association exists to promote and develop the European quoted real estate sector. Some of the ways in which the association seeks to achieve this objective are:

• the establishment of an active forum;
• the promotion of common standards of "best practice" across the industry-liaison with government and regulators;
• the establishment of the information function.

The EPRA Index is maintained under the guidance of ground rules approved by the European Public Real Estate Association (EPRA) and is calculated on a real time basis by Euronext Indices BV. For more details about the EPRA Index series visit EPRA.com.