Julius Baer Holding AG Replaces Banca Nazionale Del Lavoro In The S&P European Indices

Standard & Poor’s will make the following changes in the S&P Europe 350, S&P Euro Plus and S&P Euro indices, effective after the close of trading on Monday 22nd May 2006:

Julius Baer Holding AG (Switzerland, SEDOL: B07CYQ2, GICS: Financials, GICS Code: 40203010) will replace Banca Nazionale del Lavoro (Italy, SEDOL: 5528604) in the S&P Europe 350 and S&P Euro Plus indices. Banca Nazionale del Lavoro is being deleted from the S&P Europe 350, S&P Euro Plus and S&P Euro indices following the successful offer by fellow S&P Europe 350 constituent, BNP Paribas SA.

Julius Baer Holding AG is the leading pure-play wealth manager in Switzerland. The number of shares outstanding is 111,628,239 and the Investable Weight Factor will be 0.7930. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Asset Management & Custody Banks sub-industry.

Following is a summary of the announced addition and deletion:

S&P Europe 350, S&P Euro Plus and S&P Euro – close of trading 22^nd May 2006
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Julius Baer Holding AG	Financial	Asset Management & Custody Banks
DELETED	Banca Nazionale del Lavoro	Financial	Diversified Banks