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Standard & Poor's Announces Clarification Re S&P/TSX Composite Index Criteria For Inclusion

Date 29/04/2002

In the S&P/TSX Composite Index criteria for inclusion, the following statement appears: "Any company whose shares are candidates for inclusion in the S&P/TSX Composite Index must be incorporated under Canadian federal, provincial, or territorial jurisdictions and listed on the TSX. Limited Partnerships, Royalty Trusts, Real Estate Investment Trusts, preferred shares, exchangeable shares, and other financial instruments that the committee deems not appropriate as candidates, are not eligible for inclusion in the index."

The S&P/TSX Canadian Index Policy Committee has determined that financial instruments structured as "Mutual Fund Corporations" will not qualify for inclusion in the S&P/TSX Composite Index.

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.