Following the official result of the takeover bid by Tiscali SpA for the French company Liberty Surf, Liberty Surf will be deleted from the Next 150 index with effect from Friday 18 May 2001, in accordance with rule 6.3.3 of the index ground rules.
The highest ranking non-constituent by market capitalisation as at the close of business 14 May 2001, replaces Liberty Surf in the Next 150 Index. Following ranking analysis, the French company Orange will enter the Next 150 Index effective Friday 18 May 2001. The weighting of Orange is determined by it's market capitalisation. However, in accordance with rule 1.8 of the index ground rules the weighting will be capped at 10% of the total market capitalisation of all Next 150 securities. This will be applied by reducing the number of shares in the index calculation to 1,313,774,301
If all remains equal, at the quarterly review Orange will enter the Euronext 100 on 2 July 2001
At the next quarterly review of 31 May 2001 it will be evaluated which securities will enter the Euronext 100 effective Monday 2 July 2001. If all remains equal to the current situation, Orange will enter the Euronext 100 Index when the upcoming review will come into effect.
