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

Date 15/07/2002

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.

Standard & Poor's is a leader in providing highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds With more than 5,000 employees located in 18 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.spglobal.com.

Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, Business Week and McGraw-Hill Education. The corporation has more than 300 offices in 33 countries. Sales in 2000 were $4.3 billion. Additional information is available at www.mcgraw-hill.com.