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Sacyr Vallehermoso SA Replaces Pilkington In The S&P European Indices

Date 13/06/2006

Standard & Poor’s will make the following changes in the S&P Europe 350, S&P Euro Plus, S&P Euro and S&P United Kingdom indices, effective after the close of trading on Thursday 15th June 2006:
  • Sacyr Vallehermoso SA (Spain, SEDOL: 5504789, GICS: Industrials, GICS Code: 20103010) will replace Pilkington (United Kingdom, SEDOL: 0688462, GICS: Industrials, GICS Code: 20102010) in the S&P Europe 350 index and will be added to the S&P Euro Plus and Euro indices. Pilkington is being deleted from the S&P Europe 350 and S&P United Kingdom indices following the acquisition by Nippon Sheet Glass Co., Limited. Subject to the sanction of a Court Hearing on 15 June 2006, the admission of Pilkington shares to trading on the London Stock Exchange will be cancelled from 16 June 2006.

    Sacyr Vallehermoso offers construction services, operates concessions and develops and rents real estate in Spain. The number of shares outstanding is 274,741,000 and the Investable Weight Factor will be 0.6483. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Construction & Engineering sub-industry.

Following is a summary of the announced addition and deletion:

S&P Europe 350, S&P Euro Plus, S&P Euro and S&P United Kingdom – close of trading 15th June 2006
  COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Sacyr Vallehermoso Industrials Construction & Engineering
DELETED Pilkington Industrials Building Products