Standard & Poor's Announces Changes in the S&P/TSX Venture Composite Index: Quarterly Rebalancing

Pursuant to quarterly rebalancing methodology, Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index effective after the close of trading on Friday, July 19, 2002. As of the close of trading on Friday, July 12, 2002, the index was comprised of 538 companies. A total of 86 companies will be removed from the index and 85 new companies will be added. The revised index will therefore be made up of 537 companies.

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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