JSE Indices Convert To Free Float

The JSE Actuaries Index series, which measures the domestic South African market, today converts to an enhanced design methodology and becomes part of the FTSE/JSE Africa Index Series. The new series, created by global index provider FTSE Group and the JSE Securities Exchange SA (the JSE) includes updated versions of the existing JSE indices, as well as detailed resource indices for Gold, Platinum and Diamond sectors.

The new index design unveiled today has been introduced to bring the JSE indices in line with global investment standards and are part of an ongoing JSE campaign to integrate Southern Africa into the global financial markets. FTSE Group and the JSE will continue to work together to develop additional new indices for the series, in response to market demand. Features of the new series include the adoption of free float, the introduction of Total Return Indices (TRI) and the application of FTSE's calculation methodology. All JSE stocks have been reclassified using the FTSE Global Classification System.

Russell Loubser, CEO of the JSE said, "The launch of the new series today underlines the JSE's ongoing commitment to provide world-class services and products for investors around the world."

Mark Makepeace, Chief Executive, FTSE Group said, "The FTSE/JSE Africa series combines FTSE's global index experience with the JSE's knowledge of the African financial markets to provide international investors with opportunities to trade in this dynamic market."

Full details of all indices in the new series, including back history information can be found at www.ftsejse.co.za The conversion factor formula can be accessed by clicking www.ftsejse.co.za.