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FTSE Mondo Visione Exchanges Index:

Quarterly Rebalancing for S&P/HKEx GEM Index

Date 08/10/2004

Standard & Poor's, as part of the quarterly rebalancing, will will make the following constituent changes and update the shares outstanding for the S&P/HKEx GEM Index. In addition some Investible Weight Factors for constituents in the S&P/HKEx GEM Index will be updated effective after the close of business Friday, October 15, 2004.

Following is a summary of the announced changes:

S&P/HKEx GEM Index

Constituent Changes effective after the market close of October 15, 2004

Additions
Company  Sedol  New Shares  New IWF
Sino Stride Technology (Holdings) Limited 6538709 1,084,090,000  0.2999
Xteam Software International Limited  6425566 3758471752 0.3353
Removal

Company

Sedol  Shares IWF
B&S Entertainment Holdings Limited 6539713  400,000,000 0.3970

 

S&P/HKEx GEM Index

Share and IWF Changes Effective after the market close of October 15, 2004

Company Sedol New Shares  New IWF
Convenience Retail Asia Limited 6317339   670,852,000 0.4427
hongkong.com Corporation 6219305  4,137,260,120 0.1872
Kingdee International Software Group Company Limited 6327587  442,937,408 0.5388
Panva Gas Holdings Limited 6345460  942,250,891 0.2726
Phoenix Satellite Television Holdings Limited 6263056 4,936,078,000 0.1650
B & B Natural Products Limited 6562849  - 0.4555
Beijing Beida Jade Bird Universal Sci-Tech Company Limited  6291938  - 0.7384
China Fire Safety Enterprise Group Holdings Limited 6548076  - 0.9500
Chinasoft International Ltd. 6632407  - 0.5635
CK Life Sciences Int'l., (Holdings) Inc. 6534428  - 0.2665
Far Eastern Polychem Industries Limited 6207634  - 0.1880
First Mobile Group Holdings 6316002  -  0.3064
Golden Meditech Company Limited 6430559  -  0.6490
Greencool Technology Holdings Limited 6271145  - 0.3741
HC International, Inc. 6725363  - 0.4440
Media Partners International Holdings Inc. 6439385  -  0.2662
MediaNation Inc. 6439039  - 0.6020
MP Logistics International Holdings Limited 6562872  - 0.2567
SUNEVision Holdings Limited 6222217  - 0.1543
Tungda Innovative Lighting Holdings Ltd. 6538497  - 0.4935
Vodatel Networks Holdings Limited 6218078  - 0.5220
Wumart Stores, Inc. 6713164  - 0.8498
Yantai North Andre Juice Co. Ltd. 6710938  - 1.0000

About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP) is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. With 5,000 employees located in 20 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com. About The McGraw-