Standard & Poor's Announces Changes In S&P/TSX Canadian Information Technology Sector Index

Standard & Poor's will make the following change in the S&P/TSX Canadian Information Technology Sector Index:

• Effective after the close of trading on Wednesday, January 14, 2003, the following change will take place in the S&P/TSX Canadian Information Technology Sector Index. The weight of Nortel Networks Corporation (TSX: NT) will decrease by approximately 5.29% in the S&P/TSX Canadian Information Technology Sector Index. The relative weight change reflects an adjustment to the float shares pursuant to S&P/TSX Canadian Sector Index methodology.

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.

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