S&P Emerging Markets Database Index Announcement - South Africa- IWF Change for Telkom South Africa (Eff. 07/08/2004)

Effective July 8, 2004, S&P EMDB will increase the IWF for Telkom South Africa (S&P/EMDB Code 696648.1 / SEDOL 6588577), an S&P/IFCI and S&P/IFCG Index constituent, from 0.3070 to 0.4560. The new IWF reflects Thintana‘s sale of 14.9% of their stake in the Telkom South Africa. If the above IWF change had occurred on June 23, 2004, the weight of Telkom South Africa in the S&P/IFCI Indonesia Index would have increased to 2.97% from 2.00%.