S&P Emerging Markets Database Index Announcements: Thailand – Bangkok Bank Share Increase (Eff. 05/26/2004) - DBS Thai Danu Bank Share Increase And IWF Change (Eff. 05/26/2004)

Effective May 26, 2004, S&P/EMDB will increase the number of shares outstanding for Bangkok Bank (EMDB Code 578160.1/SEDOL 6077008), an S&P/IFCG and S&P/IFCI index constituent, by 442 million via a new issue, following a public offering. The IWF of the stock will remain 0.25. If the above share increase had occurred on May 11, 2004, the weight of Bangkok Bank in the S&P/IFCI Thailand Index would have increased to 5.49% from 4.28%.

Effective May 26, 2004, S&P/EMDB will increase the number of shares outstanding for DBS Thai Danu Bank (EMDB Code 578204.1/SEDOL 6887928), an S&P/IFCG and S&P/IFCI index constituent, by 375.015 million via a new issue, following the conversion of the company’s preferred shares and subordinated convertible debentures into common equity. The IWF of the stock will be decrease simultaneously from 0.4667 to 0.4002 to reflect the updated percentage of stake held by DBS Bank Ltd and Thai Petrochemical Industry Public Co., Ltd. If the above share increase and IWF change had occurred on May 11, 2004, the weight of DBS Thai Danu Bank in the S&P/IFCI Thailand Index would have increased to 0.39% from 0.32%.