Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Quarterly Review And Rule Changes Euronext 100 Index & Next 150 Index

Date 18/06/2004

As a result of the quarterly review of 31 May 2004 the following changes for the Euronext 100 index (N100) and Next 150 index (N150) will be effective as of Thursday 1 July 2004.

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Euronext 100 index:

The following stocks will enter the N100:

FR0000053225 M6-Metropole TV 2,989 million
NL0000379121 Randstad 2,493 million

Next 150 index:

The following stocks will enter the N150:

FR0000033409 Fonciere Lyonnaise 1,265 million
FR0004035913 Iliad 982 million
NL0000292324 Nieuwe Steen Investments 538 million
BE0160220738 Innogenetics 362 million
BE0003808251 Exmar 333 million
FR0000039075 Fininfo 327 million
FR0000184186 Alain Afflelou 301 million
FR0000039059 CFF Recycling 278 million

The following stocks will be removed from the N150:

FR0000053225 M6-Metropole TV 2,989 million
NL0000379121 Randstad 2,493 million
FR0000044588 Provimi 388 million
PTNBA0AM0006 Novabase SGPS-Nom 168 million
FR0000073066 Wavecom 88 million

NextPrime and NextEconomy index:

Following the rule that a N100 constituent will not be included in the NextPrime index (NPRI) or NextEconomy index (NECO), the company Randstad will be removed from the NPRI.

Please note: all these changes are subject to corporate actions during the period between the announcement date and the effective date.

Rule changes

Euronext announces the following rule changes with respect to the Euronext 100 Index and the Next 150 Index. The rule change has been approved in the March meeting of the Euronext Indices Steering Committee.

Rule change announcement period removals

The Rule change reads as follows (new texts are underlined):

6.3.3 If trading at Euronext is stopped or will stop in accordance with article 6.3.2, the following will apply:

  1. in the event of a merger, acquisition or similar situation, the stock in question will be replaced by the stock that will continue to be traded during regular daytime trading at Euronext, provided that this stock complies with the requirements for inclusion in the Euronext 100 Index laid down in section 1 of these rules. If a bid is accepted (defined as going unconditional) during regular daytime trading hours this will result in the index being adjusted with effect from the second trading day after the bid was accepted. If a bid is accepted outside regular daytime trading hours this will result in the index being adjusted with effect from the third trading day after the bid was accepted. For the purposes of these rules a trading day is considered to be that part of the day during which regular daytime trading takes place at Euronext.
  2. in all cases other than those described in (a) above the stock in question will be removed from the index, on the understanding that a transitional period to be determined by the compiler, subject to a maximum of three months, may apply, provided that the stock in question continues to meet the requirements laid down in section 1 of these rules. The index will then temporarily consist of fewer than 100 securities until the next periodical adjustment takes place.

The removal of a stock from the index will be announced at least three days in advance, unless the compiler decides that earlier removal is in the interest of the users of the index.

Rule change pre-opening index values

The following Rule will be inserted in the ground rules:

2.11 Should an index remain in pre-opening during the full trading session, the last calculated pre-opening value, will be taken as the official closing value for that day.

These rule changes will come into effect on 16 September, observing the 3-months notice period.

The Euronext 100 and Next 150 index have been published since 2 October, 2000. They are constituted of the 250 securities with the highest market capitalisation, traded on the official markets of Euronext. In order to be included in the indices the securities must meet liquidity criteria that are specified in the rules of the indices. Euronext Indices is the compiler of the indices under the supervision of the independent Euronext Indices Steering Committee.