Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Rebalancing For S&P Asia 50 Index

Date 13/09/2004

Standard & Poor's announces that the quarterly share rebalancing and the annual IWF rebalancing for the S&P Asia 50 will be effective after the close of trading October 8, 2004. This is a one time change from the usual date of rebalancing on the third Friday of September to allow for the larger changes proposed.

Change in Taiwan’s foreign investment limit: In response to the recent removal of foreign investment limits in the Taiwan equity markets S&P will gradually remove the foreign investment limits applicable to Taiwanese stocks in the S&P Asia 50 Index. Effective October 11, 2004 the foreign investment limit will be increased to 0.75. Effective March 21st the limit will be changed to 1.00 and Taiwan will be treated as 100% open except in certain sectors where foreign ownership is restricted by other government regulations.

New shares outstanding and Investible Weight Factors are included in the attached Excel file.

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.

About Standard & Poor's

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About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 280 offices in 40 countries. Sales in 2003 were $4.8 billion. Additional information is available at http://www.mcgraw-hill.com