Quarterly Rebalancing and Additions & Deletions For S&P/TOPIX 150

As part of the quarterly rebalancing, Standard & Poor’s will change the shares outstanding and IWF for the S&P/TOPIX 150 effective after the close of trading Friday, September 10, 2004. At the same time, the fixed IWF for banks will change to 0.55 from 0.5. The new share and IWF figures are available by following this link. Companies that are constituents of the S&P Global 100 are denoted by an asterisk.

In addition to the quarterly rebalancing, Standard & Poor’s will also make the following changes in index constituents:

S&P/TOPIX 150 - after market close of September 10th, 2004
Action	S&P/TOPIX 150	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
Added	S&P/TOPIX 150	Kobe Steel Ltd	Materials	Steel
Added	S&P/TOPIX 150	Yahoo Japan Corp.	Information Technology	Internet Software & Services
Deleted	S&P/TOPIX 150	ALPS Electric Co.Ltd	Information Technology	Electronic Equipment Manufacturers
Deleted	S&P/TOPIX 150	Mabuchi Motor Co.Ltd	Information Technology	Electronic Equipment Manufacturers

ALPS Electric Co Ltd and Mabuchi Motor Co Ltd will be removed from the S&P/TOPIX 150 due to lack of market representation.

The details for the added companies are as follows:

Kobe Steel Ltd (Japan, SEDOL: 6496023, GICS: Materials, GICS Code: 15104050) shares used for the index calculation will be 2,976,070,294 and its IWF will be 0.85.
Yahoo Japan Corp. (Japan, SEDOL: 6084848, GICS: Information Technology, GICS Code: 45101010) shares used for the index calculation will be 3,772,835 and its IWF will be 0.25.

Company additions to, and deletions from, an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

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